Home Loan Mortgage First Home Buyer Benefits

First Home Buyers

FHOG Benefits

First home benefits

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First Home Owner Grant property value cap. Effective from 1 July 2009 (subject to Federal Government approval) the First Home Owner Grant will be capped and only be available for properties valued up to $750,000.

First home benefits. If you are buying or building your first home, you may be eligible for benefits under the First Home Owner Grant Scheme and/or the First Home Plus Scheme.

The First Home Owner Grant Scheme is fully funded by the NSW Government and administered by the Office of State Revenue. The Scheme was established to assist eligible first home buyers to purchase their first home by offering a $7000 grant.

The NSW First Home Plus Scheme provides generous exemptions or concessions on transfer duty for eligible first home buyers. This includes vacant land on which you intend to build your first home.

There are no income or assets tests to qualify for the benefits. Click for more info http://www.osr.nsw.gov.au

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