Find detailed information in the FHOG Guide. The video below provides a brief summary of the first home owner grant in Western Australia. Watch more videos. The Western Australia First Home Owner Grant (WA FHOG) is a WA state government initiative to help first home owners to get their ‘new’ first home sooner . If you’re a first home buyer in Western Australia (WA), here’s what you need to know about the First Home Owner Grant (FHOG) and duty.
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Buying your first home in Western Australia? You could be eligible for financial assistance via the first home fho grant. Read on to find out more about the first home owner grant in WA. The first home owner grant, or FHOG, was introduced across Australia in to help first-time buyers with the costs of purchasing or building a home to use as their main residence. The grant is a one-off payment, with eligibility criteria and payment amounts varying from state to state.
You can read more about the FHOG in other states and territories fbog. To be eligible for the FHOG in Western Australia, the total value of the home must be below the following cap amounts:.
How much is the first home owner grant in WA? – Home Loans –
Importantly, the FHOG only applies to brand new homes. You must meet a specific set of criteria to fyog eligible for the FHOG. Every applicant must also be over the age of 18, though there are some exceptions to the age restriction. Fhof can provide the application form and process your application. You will usually receive your grant payment sooner by applying through an approved agent, as it is typically paid at the date of settlement.
You can download the form online here and mail it directly to the Office of State Fhkg. In this case, the grant will usually be paid within three to six weeks of the settlement, after you have provided evidence that your name has been registered on the Certificate of Title.
How much is the first home owner grant in WA?
For both methods, the application can only be made once the contract to build or purchase the home has been signed and dated by all parties, or when the foundations have been laid for owner-builders.
The application must be made within 12 months of completion of the sale.
Owner-builders who started laying aw of their home in that timeframe can also apply. To apply for the boost payment, you will need to submit the specific boost payment application form on top of your application for the FHOG. If the value of the home exceeds these thresholds, you may be eligible for the residential concessional rate of transfer duty, which you can read about here.
This is a general guide to the regulations in WA as at July and is subject to change. The information contained in this article is intended to be of a general nature only. Before acting on this information, REA recommends that you consider whether it is appropriate for your circumstances.
REA recommends that you seek independent legal, financial, and taxation advice before acting on any information in this article. Why not check out our mortgage calculator? Explore your numbers and save your preferences to see your personalised results on our property listings.
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About the First Home Owner Grant
What is the first home owner grant? To be eligible for the FHOG in Western Australia, the total value of the home must be below the following cap amounts: To be eligible for the FHOG, you and your partner or spouse must: You could be eligible for the FHOR if you: Need help buying your first home?
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The WA First Home Owner Grant Needs Fixing|REIWA Calls For Change
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