Regional First Home Owners Grant
The State Government has announced a new $11,000 Regional First Home Owners Grant for new build homes.
The new grant is a $4000 boost to the State Government’s existing $7000 First Home Owners Grant and is available to first home owners who build their first home, or buy a new build home between 1 June 2010 and 30 June 2011 (contract date or for owner-builders the date the foundations are laid) in specificied regional local government areas of Queensland.
Information from the Office of State Revenue website states that the following local government areas are not eligible for the regional first home owners grant:
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Brisbane City Council
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Gold Coast City Council
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Ipswich City Council
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Lockyer Valley Regional Council
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Logan City Council
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Moreton Bay Regional Council
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Redland City Council
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Scenic Rim Regional Council
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Somerset Regional Council
- Sunshine Coast Regional Counci
For more information visit the Office of State Revenue website.
First Home Owners Grant
The $7,000 First Home Owners Grant (FHOG) commenced on 1 July 2000 and applies to people who are buying or building their first home.
The grant is administered in Queensland by the Office of State Revenue.
Who is eligible?
Applicants are eligible if:
- They are buying/building their first property as a person, not as a company or trust;
- They (or a joint applicant) are an Australian citizen or permanent resident;
- They or their spouse have not previously owned an interest in land in Australia that had a residence on it prior to July 1 2000.
If the applicant has been married or living in a de facto relationship for more than two years, neither they nor their spouse can have owned a home, individually or with any other person.
What type of property is eligible?
It does not matter if the applicant is building a new home or purchasing an established home. The home can be a house, unit, flat or any other type of self-contained, fixed dwelling that meets local planning standards.
The transaction is eligible if:
- The contract to buy a home in Queensland was made on or after 1 July 2000; or
- The owners of the land in Queensland made a comprehensive building contract on or after 1 July 2000 to have a home built; or
- An owner builder started building a home in Queensland on or after 1 July 2000;
- Between 1 January and 30 March 2010, the property costs less than $1 million.
- After 31 March 2010, the property costs less than $750,000.
When is the grant payable?
The grant is paid:
- For the purchase of a home - when the title is registered in the purchaser's name; or
- For the construction of a home - when the building is ready for occupation as a home.
It is important to note that all applicants must occupy the home as their principal place of residence within one year of this event.
For more detailed information visit the Office of State Revenue's website or email FirstHomeOwnerGrant@osr.treasury.qld.gov.au
Update:
The Australian Government's First Home Owner Boost (FHOB) ended on 31 December 2009. The grant supplemented the Queensland Government-funded FHOG scheme.
