The Basics of FHOG
The First Home Owners Grant is currently $30,000 for new builds/off the plan properties, purchased up until 30 June 2024.
The maximum established home purchase price is up to $600,000. Land and build (construction) price is up to $600,000. With established homes, First Home buyers are eligible for 50% discount off the stamp duty.
There are numerous First Home Buyers Schemes currently available which may get potential buyers into the property market sooner. Please contact Mortgage World Finance to ascertain what scheme you may be eligible for.
Click here for State Revenue Office Stamp Duty Calculator
First Home Owners Grant for Buying or Building a Brand New Residence
The Tasmanian Government has extended the $30,000 First Home Owners Grant until 30 June 2024.
The First Home Owners Grant is a one-off payment for eligible applicants who buy or build a new home. The transaction needs to meets certain eligibility criteria.
The extension will mean that the increased $30,000 payment will be available for eligible transactions entered into up until and including 30 June 2024.
For more information please see State Revenue Office, Tasmania – click here.
Applying for the First Home Owners Grant
I am only too happy to complete forms and apply on your behalf and give you guidance in purchasing your first home.
That’s all part of the service at Mortgage World Finance and I’m available 7 days a week. Click here to go to contact form for Mortgage World Finance
