FIRST HOME BUYER GRANTS

QUICK GUIDE:

THE SIMPLE GUIDE

August 2015

Type of dwelling & value Grant amount Signed contract date Duty concessions

New Home only <$750,000 $10,000 From 1st July 2013

Up to 50% discount (new or established homes up to the value of $600,000 on or after 1st Sept 2014)

New home <$750,000 $10,000 From 1st Jan 2016 Exemption: New homes up to $550,000 and vacant land valued up to $350,000Concessions: New homes valued between $550,000 and $650,000 and vacant land between $350,000 and $450,000

New Home <$750,000 $15,000 1st Jul 2014 - 31st Dec 2015

NSW

VIC

FIRST HOME BUYER GRANTSQUICK GUIDE:

THE SIMPLE GUIDE

New Home <$750,000 (if south of the 26th parallel of south lattitude)New Home <$1,000,000 (if north)

$10,000 From 25th Sept 2013

Exemption: If house value is less than $430,000.Concessions: If house value is between $430,000 and $530,000

Established Home <$750,000 (if south of the 26th parallel of south lattitude)New Home <$1,000,000 (if north)

$3,000From 25th Sept 2013 (note: this will be ending soon. Refer to State Revenue Office website for updates)

New Home <$575,000 $15,000 From 1st Jan 2014 Ended 30 Jun 2014.

New Home <$750,000 $15,000 From 12th Sept 2012 Concessions: If house value is under $550,000

New Home (uncapped) $20,000 Until 31st Dec 2015

WA

SA

QLD

TAS

New Home <$750,000 $12,500 From 1st Sept 2013

Concessions:July-Dec 14: If value less than $540,000Jan-Jun 15: If value less than $550,000Jul-Dec 15: If value less than $560,000

New Home (uncapped) $26,000 From 1st Jan 2015

Information for this document was sourced from the relevant State Revenue office websites, and is correct as at 24th August 2015. As these details are subject to change, please refer to your relevant State Revenue office website for the latest information.

ACT

NT

Refer to relevant State Revenue Office for other eligibility requirements: http://www.sro.vic.gov.au/first-home-owner http://www.osr.nsw.gov.au/grants/fhoghttp://www.finance.wa.gov.au/cms/uploadedFiles/_State_Revenue/FHOG/FHOG_Fact_Sheet.pdfhttp://www.finance.wa.gov.au/cms/uploadedFiles/_State_Revenue/Duties/First_Home_Owner_Rate_Of_Duty.pdfhttp://www.revenuesa.sa.gov.au/generic-pages/i-am-a-first-home-buyerhttps://greatstartgrant.osr.qld.gov.au/index.php?s=1http://www.sro.tas.gov.au/http://www.revenue.act.gov.au/home-buyer-assistance/first-home-owner-granthttp://www.revenue.act.gov.au/home-buyer-assistance/home-buyer-duty-concessionhttp://www.treasury.nt.gov.au/TaxesRoyaltiesAndGrants/HomeOwnerIncentives/FirstHomeOwnerGrant/Pages/default.aspx