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5 JULY 2010 CHANGES TO FIRST HOME OWNERS GRANT

5 JULY 2010 CHANGES TO FIRST HOME OWNERS GRANT

From 1 June 2010, there is a new $4,000 Regional First Home Owners Grant (RFHOG) for new homes in Regional Areas.

The Grant is an additional $4000 on top of the existing $7000 First Home Owners Grant, and is available to eligible first home buyers.

To be eligible for the $4000 regional bonus, the following must apply:

  • You must be eligible for the $7000 First Home Owners Grant
  • You must either build or buy a new home – the bonus does not apply to established homes
  • The home must be located in Queensland regional areas – this basically means outside the South East Queensland area (see map attached ).
  • The commencement date (i.e the contract date or for owner-builders, the date the foundations are laid) must be between 1 June 2010 and 30 June 2011 (inclusive). However, there is no set time that the building must be completed.

If you require further information please do not hesitate to contact us.