First Home Owners Grant

When you find a property that is right for you and you come to Headstart Property Finance to get your loan approval we will help you with the application to apply for your First Home Owners Grant.

When Will I receive the payment?

•    For the purchase of an existing dwelling, payment will be made at settlement.
•    For a building contract, payment will be made on the first progress payment.
•    For an owner-builder, payment will be made on certificate of occupancy/completion.

First Home Buyers Grant Eligibility Criteria - federal

   To qualify for the first home buyers grant, you will need:

• Your application must be made within 12 months of completion of construction or settlement of the home
• You or a joint applicant must be an Australian Citizen or permanent resident. Requirements vary among states and territories regarding the number of applicants who must be an Australian citizen or permanent resident and age of the applicant
• You must be buying or building your first property as a person, not as a company or trust
• You or your spouse must not have owned and occupied a home after July 1, 2000
• You or your spouse must not have previously owned an interest in land in Australia that had a residence on it prior to July 1, 2000
• Neither you or your spouse must have claimed this grant
• If you have purchased investment property(ies) after 1 July 2000 as long as you have never owned property before 1 July 2000 and have never lived in the investment property(ies), you should eligible

For more information on the First Home Owners Grant vist: www.firsthome.gov.au