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MyRate Education Centre

First Home Owner Grant (FHOG)

The First Home Owner Grant was introduced by the federal government to assist people in buying their first property. The amount of the grant differs for each state and territory and can depend on the loan amount and value of the property. The First Home Owners Grant Boost and other additional supplements may also be available depending on your state and situation.

You can find more information for your state at any of these sites:

VIC NSW WA QLD SA NT ACT TAS

Thinking of buying?


If you’re thinking of taking advantage of the increased FHOG, follow these steps:
  1. Check if you’re eligible for a home loan through MyRate
  2. Find out what documents will be needed for your loan application
  3. Speak to a loan consultant or complete a 2 minute online pre-approval

Applying for the First Home Owners Grant

  1. Get a pre approval for the loan amount.
  2. Get a contract of sale.
  3. At the time when you get formal approval, this is when you apply for the grant.
At this stage you have two options:

Apply yourself
  • The grant will go direct into your own account at settlement.
Apply via a lender
  • Your lender will handle the application from start to finish, and the funds will be available at settlement.
To make sure things run smoothly remember to have all the following paperwork to supply:
  1. FHOG application form – this must be the original, not a copy or fax.
  2. Certified contract of sale.
  3. 100 Points of certified I.D. Specific ID documents may be required depending on your state.
7. Valuations
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Friday, 27 January 2012

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