September brought about a fresh wave of news in Australia’s business and finance sector. Over the past month, the Federal Government has made it easier...Read more
The first home owners grant (New Homes) scheme is a cash grant intended for first home buyers who are purchasing or constructing a new house. The purpose of the FHOG is to encourage people to save up and buy their first home. You are eligible for the scheme if your are:
- Purchasing a well-renovated or newly constructed home valued under $600,000.
- When buying or building on land, with the combined value being less than $750,000.
- If the grant provided under this program was available for eligible property transactions that took place after 1 January 2016,