First home buyers who are building or buying a new home may qualify for the State Government’s First Home Owner Grant (FHOG). This $15,000 grant is awarded to anyone who buys or build a new home costing less than $750,000. To qualify, your contract must be dated 1 July 2018 or later.

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To be eligible, you must:

• Be an individual (not a company or trust)

• Be over the age of 18

• Be an Australian citizen or permanent resident, or applying with someone who is

• Never have owned a property in Australia that you lived in (you or your spouse)

• Move into the new home within 12 months of the completed transaction and live there for a minimum of 6 continuous months

 

Furthermore, the home must be:

• Being sold for the first time

• Less than $750,000 in value, including the land

 

For more information, guidelines and eligibility requirements, please visit the QLD government’s website.