The First
Home Owner Grant (FHOG) is one of the many ways the Western Australian
government makes homes more affordable, specifically to first-time buyers. As
of 25 September 2013, buyers who fall under this category can be awarded a
grant of $10,000 to fund the construction of their new home or a grant of
$3,000 to help them purchase an existing property.
These
benefits are the biggest reason why certain Perth home builders encourage their
clients to apply for the FHOG. That said, the grant also has strict
requirements applicants must meet before they can even be considered. For one
thing, applicants must use the property they’re building or buying as their
principal place of residence. In addition, they must also stay at the property
for a continuous period of at least six months and within 12 months after it
was bought or constructed.
Then there
are the more specific FHOG requirements to consider. Aspiring home owners must
be at least 18 years old before they can apply for the grant. In addition,
neither they nor their spouses must have received the FHOG from anywhere else
in Australia. Finally, applicants can’t use the FHOG to purchase a vacant land
or a holiday home, or even fund the construction of a house that will be used
for commercial purposes.
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