{"id":8179,"date":"2023-09-18T12:02:32","date_gmt":"2023-09-18T02:32:32","guid":{"rendered":"https:\/\/adelaideprivatewealth.com.au\/first-home-owner-grant-fhog-the-basics\/"},"modified":"2023-09-18T12:02:32","modified_gmt":"2023-09-18T02:32:32","slug":"first-home-owner-grant-fhog-the-basics","status":"publish","type":"post","link":"https:\/\/adelaideprivatewealth.com.au\/first-home-owner-grant-fhog-the-basics\/","title":{"rendered":"First Home Owner Grant (FHOG) \u2013 the basics"},"content":{"rendered":"
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What is the First Home Owner Grant?<\/h3>\n

The FHOG was introduced by the Federal Government in 2000 to assist first home buyers with purchasing a home. Since then, the rules around it have repeatedly changed.<\/p>\n

While the FHOG is a national scheme, it\u2019s funded by the states and territories\u2014and administered by each of them individually. So each state or territory tweaks its own FHOG rules pretty much every year.<\/p>\n

We\u2019ll look at some general principles of the FHOG, the intention behind it and then look at the eligibility rules. We\u2019ll also show you where to find more information depending on the state or territory you live in.<\/p>\n

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What you need to know about the First Home Owner Grant<\/h3>\n

Introduced to offset the effect of GST on house ownership, the FHOG has evolved into an economic stimulus tool. It generally changes to reflect housing affordability, and can change quickly and often.<\/p>\n

How much is the First Home Owner Grant?<\/h3>\n

The Federal Government has a portal to the relevant\u00a0FHOG page<\/a>\u00a0where you can find out how much the FHOG is in each state and territory. You can find out for example, how much the home buyers grant is in WA, Victoria and Queensland, as well as the other states and territories.<\/p>\n

The FHOG has undergone changes over the years and varies a great deal from state to territory to state. This home buyer grant is now aimed squarely at new builds. The FHOG can be worth between $10,000 and $15,000 in most cases.<\/p>\n

Who gets the FHOG?<\/h3>\n

Again, each state and territory has its own rules, but the following conditions generally apply:<\/p>\n