First Home Owner Grant, FHOG - Honey Loans

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How Much FHOG Will I receive ?

If you are a first home buyer who purchases an existing home, you may receive a total payment of $14,000 ($7000 First Home Owners Scheme grant + $7000 First Home Owners Boost).

If you are a first home buyer who purchases a new home, you may receive a total payment of $21,000 ($7000 First Home Owners Scheme grant + $14,000 First Home Owners Boost).

A new home is a home that has never been sold before nor occupied by any person.

This includes:

contracts to build a home ;
homes bought 'off the plan'
homes constructed by owner-builders
purchase of homes that have been built but never sold or occupied, for example display homes.

A residence that undergoes substantial renovation or the replacement of a demolished premises may qualify as a new home, but only if the sale of the property is treated by the vendor as the taxable supply of new residential premises as defined in A New Tax System (Goods and Service Tax) Act 1999.

The Boost is not means tested and can be used to buy a property of any value.

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