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FHOG Summary

Jan 1, 2010 by Craig Vaughan

FHOGS& STATE SUBSIDYSUMMARY

NEW SOUTH WALES

 

Contract Date

  

Transaction Type

First Home Owner

Grant

Federal Grant

$

First Home Owner

Boost Payment

Federal Grant

$

NSW New Home Buyers

Supplement

State Subsidy

$

Maximumamount

$
01/01/10to 30/06/10 Established home

7,000***

0

0

7,000
  New Constructed home

7,000***

0

3,000

10,000

***Customers entering into a contract inside the above specified dates will be restricted to a capped property value of $750,000

VICTORIA

 

Contract Date

  

Transaction Type

  

First Home Owner

Grant

Federal Grant

$

  

First Home Owner Boost PaymentFederal Grant

$

  

First Home

Bonus

State Subsidy

$

First Home

Owner Regional

Bonus

State Subsidy

$

  

Maximumamount

$
01/01/10to30/06/10 Establishedhome

7,000***

0

 2,000**

0

 9,000
  Newlyconstructedhome in MetroVictoria

7,000***

0

 11,000**

0

 18,000
  Newlyconstructedhomei n RegionalVictoria

7,000***

0

 11,000**

4,500

 22,500

*Value ofpropertymustnot exceed$500,000 **Value ofpropertymustnotexceed $600,000.

***Customers entering into a contract inside the above specified dates will be restricted to a capped property value of $750,000 including landvaluewith theexceptionoffarms being purchasedastheprincipleresidence oftheFirstHomeBuyer.

SOUTH AUSTRALIA

 

Contract Date

  

Transaction Type

  

First Home Owner Grant

FederalGrant

$

First Home Owner

BoostPayment

FederalGrant

$

First Home Bonus

Grant

State Subsidy

$

  

Maximum amount

$
01/01/10to30/06/10 Established home

7,000

0

 4,000* “

11,000
  Newlyconstructedhome

7,000

0

 4,000* “

11,000

*Available for property/constructed property with a market value of $400,000.

“Reduced by $8 per $100 for property/constructed property with market value between $400,001- $450,000.

QUEENSLAND

 

Contract Date

  

Transaction Type

  

First Home Owner Grant

Federal Grant

$

  

First Home Owner Boost

Payment

Federal Grant

$

  

Maximum amount

 

$
01/01/10to30/06/10 Established home

7,000***

0

7,000
  Newly constructed home

7,000***

0

7,000

***Customers entering into a contract inside the above specified dates will be restricted to a capped property value of $1,000,0 00includinglandvalue.

NORTHERN TERRITORY

 

Contract Date

  

Transaction Type

  

First Home Owner Grant

Federal Grant

$

  

First Home Owner Boost

Payment

Federal Grant

$

  

Maximum amount

 

$
01/01/10to30/06/10 Established home

7,000***

0

7,000
  Newly constructed home

7,000***

0

7,000

***Customers entering into a contract inside the above specified dates will be restricted to a capped property value of $750,000 including landvalue.

ACT &TAS

 

Contract Date

  

Transaction Type

  

First Home Owner Grant

Federal Grant

$

  

First Home Owner Boost

Payment

Federal Grant

$

  

Maximum amount

 

$
01/01/10to30/06/10 Established home

7,000

0

7,000
  Newly constructed home

7,000

0

7,000

Nocappedproperty valueapplies.

WESTERN AUSTRALIA

***Customers entering into a contract inside the above specified dates will be restricted to a capped property value of $750,000 for post codes south of the 26th parallel
(from Kalbarri 6536) and $1,000,000 for postcodes north of the 26th parallel (from Denham6537), including land value.

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