First Home Buyers
About the first home owner grant
Helping you own your first home…
The $7,000 first home owner grant was created to help you buy or build your first home. It is a federal initiative that is administered and funded by the state government.
Regional First Home Owner Grant (RFHOG)
A new grant of $4,000 is available to first home buyers in regional areas—this is in addition to the $7,000 first home owner grant.
To be eligible for the $4,000 regional bonus, the following must apply:
- You must be eligible for the $7,000 first home owner grant.
- You must either build or buy a new home—the bonus does not apply to established homes.
- The home must be located in a Queensland regional area
- The commencement date (i.e. the contract date or, for owner-builders, the date the foundations are laid) must be between 1 June 2010 and 30 June 2011 (inclusive). However, there is no set time that building must be completed.
What is a new home?
A new home is a home that has never been sold before or occupied by another person. This includes:
- contracts to build a home
- homes bought ‘off the plan’
- homes built by an owner-builder
- display homes.
A substantially renovated home may qualify as a new home if it has not, since being substantially renovated, been occupied or sold as a place of residence. Substantial renovations of a building are renovations in which all, or substantially all, of a building is removed or replaced.
Generally, if you pay GST on the purchase of your home, it will be considered to be a ‘new home’.
We at BK Ganter Constructions strive to make the buyers experience as hassle free as possible and will work through the different stages of building with them.
For more information contact:
Sean Appleton 0410 323 386 or Hollie Tickner 0423 415 464
Or, phone (07) 4922 6100 or complete your details below:
cforms contact form by delicious:days
For details on the scheme, please visit www.firsthome.gov.au.