The best part of being a first time home owner is that you may be eligible for the first home owner grant for your first home or the land that you buy to build your first home.
The First Home Owner Grant (FHOG) scheme was introduced on 1 July 2000 to offset the effect of the GST on home ownership. It is a national scheme funded by the states and territories and administered under their own legislation.
Under the First Home Owner Grant scheme, a one-off grant of up to $7,000 is payable to first home owners that satisfy all the eligibility criteria.
Click here to see if you are eligible or to obtain more information about the First Home Owner Grant.