The First House Consumers Grant (FHBG) is a authorities incentive designed to help eligible first-time homebuyers with the acquisition of their first residence. It offers monetary help to cut back upfront prices related to shopping for a house, resembling stamp obligation, authorized charges, and mortgage insurance coverage.
The FHBG was launched in 2000 and has since helped lots of of 1000’s of Australians obtain their dream of homeownership. The grant quantity varies relying on the state or territory wherein you might be buying a house, and eligibility standards can also differ. Usually, to be eligible, you have to be an Australian citizen or everlasting resident, not have owned a house earlier than, and meet sure revenue and property worth thresholds.
