As of 1st July 2016, the Queensland Government has announced a one-off, 12-month boost of $5,000 to the Home Buyers Grant or First Home Owner’s Grant (FHOG), which will now be worth $20,000, starting 1 July 2016. Home Buyers Grant will increase from $15,000 to $20,000 for a 12 month period only.

The FHOG grant is only available for eligible Queenslanders for a newly built property, newly constructed house, unit or townhouse valued, equal to less than $750,000.

 

First Home Grants Calculator

To calculate the Transfer Duty and the First Hone Buyers Grants figures follow this link.

Queensland First Home Owners’ Grant

The Office of State Revenue will change the name from, Great Start Grant, to be known as the Queensland First Home Owners’ Grant.

Link to Queensland Office of State Revenue, First Home Owners’ Grant. 

There is nothing additional you as an Owner have to do to get the extra $5k apart from complete the FHOG Application form on the above FHOG site.

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Let Neomoney get you sorted with a Preliminary Loan Approval so you know your maximum borrowing power (Capacity). Follow this link, Get Me A Pre-Approved Loan, now!

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