Looking for details of First Home Owner Grant (FHOG) details for New South Wales (NSW)? Find below detailed information on the FHOG scheme including the amount provided, disqualifiers, qualifiers, and the application and approval process.
NSW FHOG New Home Scheme Disqualifiers
- Homes that have been previously occupied or sold as a place of residence or have been substantially renovated or been built to replace demolished premises are ineligible for the grant.
- Any home that has been occupied by the builder, tenant or any other occupant is ineligible for the grant.
- Any home which has been sold once or more than once is ineligible.
- The applicant or applicant’s spouse (including de facto spouse) have held a relevant interest in any residential property in Australia prior to July 1, 2000
- The applicant or applicant’s spouse have received a first home owners grant in any State or Territory and NOT subsequently repaid
NSW FHOG New Home Scheme Qualifiers:
- Age of the applicant is over 18 years old.
- A new home is built or purchased
- The applicant or applicant’s spouse (including de facto spouse) have only had a relevant interest in any residential property in Australia on or after 1 July 2000 and both of them or either of them have not resided in that property for a continuous period of at least 6 months.
- The value of the property is not over $750,000
- The applicant or applicant’s spouse have received a first home owners grant in any State or Territory BUT subsequently repaid
- The applicant or the applicant’s spouse needs to live in the home for a continuous period of at least 6 months. However, in case the applicant is a member of the Australian Defence Force and all the applicants are on the New South Wales electoral roll, the applicant may be eligible for exemption from this requirement.
- The applicant or the applicant’s spouse is a permanent resident or Australian citizen
- The applicant is a natural person and NOT a company or trust.
NOTE: If the applicant or the applicant’s spouse fails to reside in the home for a continuous period of at least six months, and unless the applicant qualifies for exemption, the FHOG amount must be paid back. In case of failure to do, the state can prosecute and press for penalties up to $11,000.
Grant Amount: The FHOG scheme amount depends on the date which the contract is signed. While the grant for any eligible transactions whose home purchase/construction contract or in case of owner builder who started construction on or after January 1, 2016 the FHOG scheme amount is $10,000 while for eligible transactions made between October 1, 2012 and December 31, 2015, the grant amount is $15,000. For contracts dated prior to October 1, 2012 the grant amount is $7000. Visit the First Home Owner Grant page for further details.
NSW FHOG Scheme applications can be lodged through any of the state approved financial agents or by directly submitting the First Home Owner (New Homes) Application form to the Office of the State Revenue, NSW through email or post or in person at the address provided within the application form.
AusFinance has assisted many of its clients with receiving the FHOG and we would be glad to help you too. Get in touch and one of our home loan experts near you will get back to you very soon.