Conveyancing and Property Lawyers Sydney Solicitors

Property is our passion

First home buyers

Gain up to $10,000

Stamp duty exemption

Save up to $17,990

First Home Buyers

We can help you obtain the First Home Buyers benefits of up to $7,000.00 if you are an eligible First Home buyer. This grant is known as the First Home Owners Grant and also known as the FHOG (pronounced "fog"). The full benefits of up to $10,000.00 may be available for some contracts exchanged on or before 30 June 2010.

The First Home Owners Grant is $7,000.00 as at 1 January 2010 and is available for first home buyers who purchase properties with a value of $750,000.00 or lower.

We can help you obtain the New South Wales New Home Buyers Grant of $3,000.00 if you are an eligible First Home buyer purchasing a new home. The full benefits of up to $10,000.00 is currently available for some contracts exchanged on or before 30 June 2010.

You could be eligible if you are ...

  • An individual or a couple buying or building your first home,
  • An Australian citizen or permanent resident,
  • have all the proof of identification required for the application, and
  • Entering into a binding contract to buy or build a new home after 1 July 2000 (owner-builders who started building a home after 1 July 2000 are also eligible).

Please ensure that before you enter into a contract that you are certain that you meet all the requirements to gain the First Home Owners Grant (FHOG) otherwise you may not recieve the grant. We can help you determine if you meet the requirements of the Government (Office of State Revenue) to obtain the Grant and also complete the documentation needed.

You should ensure, before exchange of contracts, that you do meet the conditions of obtaining the FHOG. You should also ensure, before exchange of contracts, that you do meet the conditions of obtaining, any stamp duty exemption or concession.

Houses, townhouses, flats and units all qualify for the grant. You remain eligible even if you've previously purchased land, just as long as you haven't built a home on it. We have helped a client in this situation.

A successful application means that you receive the FHOG of $7,000.00 (plus $3,000.00 if you are purchasing a new property). The amount that you would receive will depend on the date that you exchange contracts. Usually you would receive the Grant on settlement of your purchase, or alternatively you may receive these monies after settlement.

For more detailed information download these factsheets:

First Home Benefits

First Home Buyers Identity Proof

NSW New Home Buyers Supplement

First Home Buyers Residence Requirement

Firsr Home Buyers Penalties for Non Compliance.

or call us on (02) 9232 0050.

 

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Phone:02 9232 0050