First Home Owner Grant Changes

22 October 08

The Australian Government has announced a First Home Owner Boost, which supplements the Queensland Government funded First Home Owner Grant Scheme.

According to the announcement from the Commonwealth:

First home buyers who purchase established homes will receive a boost of $7000 that will double the grant to $14,000.
First home buyers who build a new home or purchase a newly constructed home will receive an extra $14,000 to take their grant to $21,000, provided the home meets their relevant state or territory energy efficiency and sustainability standards.

First home buyers will be eligible for the First Home Owner Boost on contracts entered into from 14 October 2008 to 30 June 2009.

Source: Office of State Revenue Website