Who can apply (eligibility):
Each person who owns a part of the home must be an applicant. This includes anyone who is or will be on the title of the property with you. If you have a spouse who will not own any part of the home, you must include them on the application as a non-applicant spouse. All applicants must meet the eligibility criteria.
You may be eligible for the grant if you are:
- at least 18 years of age
- not a company or a person acting as a trustee
- an Australian citizen or a permanent resident (or a joint applicant with someone who is an Australian citizen or permanent resident).
You may be eligible for the grant if you are a trustee of a trust (other than a discretionary or unit trust) and all the beneficiaries are individuals under a legal disability who will live in the home as their principal place of residence. You and your spouse have:
- never been paid the first home owner grant
- before 1 July 2000, not owned residential property in Australia
- from 1 July 2000, not lived in residential property (in Australia) you have owned.
You will:
- move into the home within one year of buying it
- live in the home for 6 months continuously as your principal place of residence.
The grant may be approved in special circumstances if you:
- are under 18 years of age
- move into the home after one year
- live in the home for less than 6 months.
However, we must consider that there are good reasons for you to get the grant".
Grant Besley is McConachie Stedmans' in house Accredited Mortgage Consultant. Contact him on 4632 1966 or email grant.besley@mccon.com.au if you require an obligation free lending quote or would like more information about the First Home Owners Grant. Hurry time is running out!
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