First Home Owners Grant $5,000 Boost
The State Government announced on 27 December, 2016 that First home owners buying or building a new home may apply for a grant of up to $10,000, plus they may be eligible for an additional boost payment of $5,000 if their contract to purchase is signed between 1 January 2017 and 31 December 2017. First home owners entering into a contract to buy an established home will not be eligible for the FHOG.
The current FHOG applies to new residential dwellings only and does not apply to established homes, vacant land, business premises, holiday houses.
There are no income or assets tests to qualify for the FHOG.
In addition, first home owners buying an established or new home, or building a new home, may also be eligible for the First Home Owner Rate (‘FHOR’) of duty.
Full details of eligibility can be found by visiting the State Revenue Department’s website, by visiting https://www.finance.wa.gov.au/cms/State_Revenue/FHOG/About_the_First_Home_Owner_Grant.aspx