One month to go for maximum first home grant

The first home buyer’s boosted grants phase out on October 1. To be eligible for the Boost, you must enter into a contract to purchase an existing home, construct or purchase a new home or buy ‘off the plan' by 31 December 2009 and be an Australian citizen over 18 who has not received the first home buyers grant before.

Eligible first home buyers who sign a contract to purchase an existing home by 30 September 2009 will receive an extra $7000, taking the total lump sum payment (including the First Home Owner Grant) to $14,000. Eligible first home buyers who sign a contract to construct or purchase a new home by 30 September 2009 will receive an extra $14,000, taking the total lump sum payment (including the First Home Owner Grant) to $21,000. The First Home Owners Boost payment will change from 1 October 2009 and cease on the 31 December 2009.

Eligible first home buyers who sign a contract to purchase an existing home between 1 October 2009 and 31 December 2009 (inclusive) will receive an extra $3500, taking the total lump sum payment (including the First Home Owner Grant) to $10,500. Eligible first home buyers who sign a contract to purchase or construct a new home between 1 October 2009 and 31 December 2009 (inclusive) will receive an extra $7,000, taking the total lump sum payment (including the First Home Owner Grant) to $14,000.

Source: Department of Housing (FAHCSIA)

 

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