Changes To First Home Owners Grant
The Boost to the First Home Owners Grant (FHOG) offered by the Federal Government ended on 31 December 2009. Therefore, the FHOG has reverted back to $7,000 in NSW (For other States, check your local Office of State Revenue website). In addition, the Office of State Revenue has made the following changes: From Friday 1 January 2010, eligibility for the existing FHOGS benefit of $7,000 will be restricted as follows: New South Wales – purchase property value capped at $750,000. (i.e: If the purchase price exceeds $750,000 you will be ineligible for the Grant). Western Australia – purchase property value capped at $750,000 for post codes south of the 26th parallel (i.e. from Kalbarri 6536) and $1,000,000 for post codes north of the 26th parallel (i.e. from Denham 6537)
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Changes To First Home Owners Grant
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