First Home Owners Grant and Assistance in Tasmania
In Tasmania, eligible first home owners can get $10,000 or $20,000 when buying or building a new home. It is not available for established homes.
The base amount for the First Home Owners Grant is $10,000 but until 30 June 2018, first home owners may be eligible for the First Home Builder Boost which is another $10,000.
For a property or transaction be eligible for the FHOG and FHBB, it must be one of the following:
– a comprehensive home building contract for a new home
– the building of a new home by an owner builder (this includes the relocation of a new movable building) or
– a contract for the purchase of a new home, for example, a spec. home or an off-the-plan purchase of a new home.
Other eligibility and criteria apply including the fact the transaction must be completed within 24 months of the contract commencing or if being done by an owner builder, within 24 months of the foundations being laid.
To find out more, click here for the First Home Owners Grant and here for the First Home Builder Boost.
If you’d like to discuss your home loan options and get assistance with the process of applying for your first home plus the FHOG and FHBB, click here to make an enquiry and be connected with a MoneyQuest broker in your area.
Disclaimer:
This article is written to provide a summary and general overview of the subject matter covered for your information only. Every effort has been made to ensure the information in the article is current, accurate and reliable. This article has been prepared without taking into account your objectives, personal circumstances, financial situation or needs. You should consider whether it is appropriate for your circumstances. You should seek your own independent legal, financial and taxation advice before acting or relying on any of the content contained in the articles and review any relevant Product Disclosure Statement (PDS), Terms and Conditions (T&C) or Financial Services Guide (FSG).
Please consult your financial advisor, solicitor or accountant before acting on information contained in this publication.
© 2017-2024 MoneyQuest Australia Pty Ltd, Australian Credit Licence 487823