Australia’s Feb Interest Rate Cut: What It Means for Borrowers and the Property Market in 2025
The RBA's recent rate cut and what it means for home owners, borrowers and prospective home buyers in 2025. Get on top of the latest news.
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The FHOG is a government scheme introduced in 2000 designed to offset the effect of Goods and Services Tax on homeownership for first time home buyers. While it is a national scheme, it is funded by the states and territories, and administered under their own individual legislations and rules. Under the scheme, this one-off grant is payable for eligible first home buyers who wish to buy or build a residential property to live in. The eligibility criteria is not based on financial considerations.
Please Note: The eligibility criteria for First Home Owner Grants vary between states. Check with your lender when you apply for a home loan to determine if you fully qualify.
