First Home Owners Grant
The First Home Owners Grant (FHOG) is a government initiative which offers financial assistance to those buying their first home. It helps thousands of Australians reach their property dreams each year.
While the concept is pretty simple - the government gives you a one off payment towards buying your first home, in practice there’s a bit more to it. There are plenty of conditions, eligibility criteria and a strict application process to follow, and these differ from state to state.
How much is the First Home Owner Grant?The grant amount can vary depending on the state you're in, the type of property you're buying or building, and whether it's in a rural; or urban location.The grant can range from around $7,000 to $25,000 in some circumstances.
Here's a breakdown of what is available to help you on your way towards raising your deposit.
New South Wales
- Northern Territory
- South Australia
- Western Australia
To see if you are eligible or to obtain more information about the FHOG visit the Australian Government's First Home Owners Scheme website www.firsthome.gov.au
More help for first home ownersAs G&C Mutual Bank is a registered agent for the FHOG, you can apply for your grant when you apply for a loan to buy or build your first home.
If there's any other aspect to buying your first home that you'd like to know more about, just call us on
1300 364 400 Monday-Friday 8.00am - 6.00pm and our friendly staff will be happy to assist.
With these incentives in mind, take a look around for your next big step!
Any advice or information on this site does not take into account your personal objectives, financial situation or needs and you should consider whether it is appropriate for you.