Which state has the highest first home owner grant?

Which state has the highest first home owner grant?
Which state has the highest first home owner grant?

Here are the grants currently accessible by first time buyers, as per information available from the respective Office of State Revenues and Treasuries.

Please note that eligibility factors may influence the amounts available in each state. You can check out the national guide to first home buyer grants to see a more detailed rundown of what's available across Australia for first home buyers.

$10,000

  • Victoria

For new properties a grant of $10,000 is available.

There is no grant for buying established properties.

  • Western Australia

A grant is available for first time buyers of $10,000 for those purchasing or building a new home. 

Those looking to buy established may be able to net a $3,000 grant.

 

$12,500

  • Australian Capital Territory

First home buyers in the ACT purchasing a "new" or "substantially renovated" property can net themselves $12,500. 

There is no grant for buying established properties.

 

$15,000

  • South Australia

For those buying a new home, since 1 January 2014 $15,000 is achievable.

For those purchasing established homes, currently $5,000 is attainable - dropping to $0 from 1 July.

  • New South Wales

First home buyers in New South Wales can currently net a $15,000 grant - however this will be reduced to $10,000 as of 1 January 2016.

This grant is only available to those who buy a new home or build their home.

  • Queensland

W hen purchasing new, Queensland first time buyers can receive $15,000. 

There is no grant for buying established properties.

 

$26,000

  • Northern Territory

From 13 May 2014 to 31 December 2014, a new home is applicable for a $26,000 grant.

An established property in an urban area will be provided $12,000 and elsewhere $25,000. 

 

$30,000

  • Tasmania

Currently, established and new properties can receive a $7,000 benefit for first time buyers.

For new properties, the First Home Builder Boost has increased since 7 November 2013 from $8,000 to $23,000, and applies until 31 December 2014. Those eligible for this would also be eligible for the $7,000 FHOG, bringing their total payment to $30,000.

Tags: 
First Home Buyers

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