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first home owners grant

Aldgate Lawyers is especially attentive to the needs of first home buyers. Our team of lawyers and conveyancing executives understand that being a first home buyer is exciting as well as being somewhat overwhelming; that is why we are always here to answer every question you may have and discuss the process in detail with you so you understand exactly what is happening with your purchase.

First home buyers are entitled to a suite of government concessions and Aldgate Lawyers will assist you with all the forms and requirements at no extra charge – it is all included in our low-fixed fee. Please refer to the chart below to see how much you might be eligible for.

Even if you are still looking for the right property, please feel free to contact us to ask any questions you might have about being a first home buyer, including asking us to review a contract or Vendor Statement for you – for your peace of mind, we do not charge for those services.


Contract Date

Conditions

First Home Owner Grant (FHOG)

New First Home Owner Boost

First Home Bonus

First Home Owner
Regional Bonus

Total

From 1 January 2010 to 30 June 2010
Note: This information has been taken from the Premier's announcement on 6/5/2009 and the 2009-2010 Federal Budget. This information is subject to legislative approval.

Established homes only

$7,000

$0.00

$2,000‡

$0.00

$9,000

Newly constructed homes in Metropolitan Victoria only

$7,000

$0.00

$11,000‡

$0.00

$18,000

Newly constructed homes in Regional Victoria only

$7,000

$0.00

$11,000‡

$4,500‡

$22,500

From 1 October 2009 to 31 December 2009
Note: This information has been taken from the Premier's announcement on 6/5/2009 and the 2009-2010 Federal Budget. This information is subject to legislative approval.

Established homes only

$7,000

$3,500

$2,000‡

$0.00

$12,500

Newly constructed homes in Metropolitan Victoria only

$7,000

$7,000

$11,000‡

$0.00

$25,000

Newly constructed homes in Regional Victoria only

$7,000

$7,000

$11,000‡

$4,500‡

$29,500

From 1 July 2009 to 30 September 2009
Note: This informationhas been taken from the Premier's announcement on 6/5/2009 and the 2009-2010 Federal Budget. This information is subject to legislative approval.

Established homes only

$7,000

$7,000

$2,000‡

$0.00

$16,000

Newly constructed homes in Metropolitan Victoria only

$7,000

$14,000

$11,000‡

$0.00

$32,000

Newly constructed homes in Regional Victoria only

$7,000

$14,000

$11,000‡

$4,500‡

$36,500

From 14 October 2008 to 30 June 2009

Established homes only

$7,000

$7,000

$3,000#

$0.00

$17,000

Newly constructed homes in Metropolitan Victoria only

$7,000

$14,000

$5,000#

$0.00

$26,000

Newly constructed homes in Regional Victoria only

$7,000

$14,000

$5,000#

$3,000#

$29,000

From 6 May 2008 to 13 October 2008

Established homes only

$7,000

$0.00

$3,000#

$0.00

$10,000

New homes in Metropolitan Victoria only

$7,000

$0.00

$5,000#

$0.00

$12,000

New homes in Regional Victoria only

$7,000

$0.00

$5,000#

$3,000#

$15,000

From 1 January 2007
to 5 May 2008

Established homes only

$7,000

$0.00

$3,000#

$0.00

$10,000

New homes only

$7,000

$0.00

$5,000#

$0.00

$12,000

From 1 January 2006 to 31 December 2006

Established and New homes

$7,000

$0.00

$3,000#

$0.00

$10,000

From 1 May 2004 to 31 December 2005

Established and New homes

$7,000

$0.00

$5,000#

$0.00

$12,000

Additional Conditions for Bonus and Regional Bonus:

# For contracts entered into up to 30 June 2009, the value of the property must not exceed $500,000.
‡ For contracts entered into between 1 July 2009 to 30 June 2010, the value of the property must not exceed $600,000.

The information provided in the above table is to be used as a guide only.

Table from http://www.sro.vic.gov.au/sro/SROWebSite.nsf/rebates_fhog_overview.htm#overviewtable

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1300 557 667
richmond:03 9095 8655
bentleigh:03 9095 8755
geelong:03 5249 5588
hampton park:03 9095 8055
info@aldgategroup.com.au

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