HOUSING ENTITLEMENTS

STATE BY STATE: EVERYTHING TO KNOW ABOUT THE FIRST HOME OWNERS' GRANT

When you’re buying your first home there are lots to consider – from home loans, stamp duty, inspections and conveyancers, it can get very expensive and confusing.  Thankfully, there are several grants and reductions to eligible first home buyers, all of which will give you a major upper hand. Here, we decided to go through each state and how they each contribute to helping you own your own home sooner – so that when you’re ready to buy and the time is right you’re ready to go.

What is the First Home Owners’ Grant?

The First Home Owner’s Grant (FHOG) scheme was brought in on July 1 2000 to help offset the effect of GST on home ownership. As a national scheme, it is funded by the states and territories individually and then administered under their own legislation. In short, under the FHOG scheme, you could be eligible for a one-off grant that is payable to first home owners only – you can check your eligibility here. OR, check out our handy breakdown state-by-state.

Am I eligible for the First Home Owner Grant (FHOG)?

This will depend on what state or territory you wish to buy a property in, how much you plan to spend and if you already own any property. Each state has their own conditions which you can find here, but some eligibility requirements remain the same. To be eligible you must: 
  • Be 18 years or older 
  • Permanent resident or Australian citizen 
  • Plan to live in the property as your home for AT LEAST six months 
  • Have never previously owned a home in Australia (if you’re entering a joint home loan with someone who has previously claimed FHOG, you may not be eligible again. 

How much is the FHOG?

As mentioned above, the amount of the FHOG varies across the states and territories. Learn about Stamp Duty to get an indication of the fees, grants or concessions in your state. Understanding what your FHOG entitlements are is just one piece of the puzzle! Understanding just how to use them with special focus on when and where you use them is key to using them successfully. Have you watched our FREE ADF Property Training? Check it out or send us a message to have your property questions answered!  

Complete Our Free ADF Training!

HOW TO BE A PROPERTY OWNER WITH YOUR ADF HOUSING ENTITLEMENTS: DHOAS, HPAS & HPSEA

In this FREE training you are going to find out:

Meet The Axon Team – Kat

We are thrilled to introduce the first of of three recent hires, Kat, who has joined our fast growing Build Support team. She’s bringing four years of experience in the administrative field that has instilled in her a passion for delivering exceptional support and fostering seamless communication. Yup, we can attest to that!

Read More »

ADF Housing: Investment Property Success Story #79

After watching 👀 our training videos, Mr. S came to us in July 2021. He was posted to Adelaide in the RAAF. He was in a relationship with his girlfriend, Ms. V, but he wanted personal guidance on all things money management and proven strategies to follow.

Mr. S focused on saving hard and restructuring his assets to make sure he had enough funds to reach land settlement of his first investment property. This took many months, which is a good test of one’s commitment to make it happen!

Read More »

ADF Housing: Investment Property Success Story #78

Back in March ‘21, Amy was introduced to us by another client. (The constant referrals within our community are humbling to be involved in!). She was a Learning Development Coordinator, not in the ADF. She was coachable and definitely needed some assistance in the whole process.

She had been diligent with her money habits and mindset, with a good amount of savings under her belt. However, we needed to put a plan in place for her to keep saving so the acquisition of her first property was done in a sensible way. This happens all the time. The fact she had financial milestones to reach helped her immensely in getting there!

Read More »

ADF Housing: Investment Property Success Story #77

We first met R&K in Aug 2020. They wanted to secure their financial future using property. Posted to Wagga (R was an RI at Kapooka and K was a civvie Dental Assistant), after a series of coaching sessions, we implemented a plan and strategy for them to acquire IP#1. That $457K property was built without any issues in 2021. Happy days, a good start for R&K.

Read More »

ADF Housing: Investment Property Success Story #76

M&V are a double-defence couple posted to RAAF AMB in Brisbane. After watching our educational videos, they came to us in March 2021. They needed guidance on all things money management and proven strategies to follow.

In their own words, 𝘈𝘹𝘰𝘯 𝘤𝘢𝘯 𝘩𝘦𝘭𝘱 𝘶𝘴 𝘣𝘺 𝘦𝘹𝘱𝘢𝘯𝘥𝘪𝘯𝘨 𝘰𝘯 𝘰𝘶𝘳 𝘰𝘸𝘯 𝘳𝘦𝘴𝘦𝘢𝘳𝘤𝘩 𝘵𝘩𝘳𝘰𝘶𝘨𝘩 𝘵𝘩𝘦𝘪𝘳 𝘺𝘦𝘢𝘳𝘴 𝘰𝘧 𝘬𝘯𝘰𝘸𝘭𝘦𝘥𝘨𝘦 𝘢𝘯𝘥 𝘦𝘹𝘱𝘦𝘳𝘪𝘦𝘯𝘤𝘦𝘴 𝘳𝘦𝘨𝘢𝘳𝘥𝘪𝘯𝘨 𝘱𝘳𝘰𝘱𝘦𝘳𝘵𝘺 𝘣𝘶𝘺𝘪𝘯𝘨/𝘪𝘯𝘷𝘦𝘴𝘵𝘪𝘯𝘨, 𝘱𝘢𝘳𝘵𝘪𝘤𝘶𝘭𝘢𝘳𝘭𝘺 𝘳𝘦𝘭𝘢𝘵𝘪𝘯𝘨 𝘵𝘰 𝘈𝘋𝘍 𝘦𝘯𝘵𝘪𝘵𝘭𝘦𝘮𝘦𝘯𝘵𝘴. Yep, that sums up what we specialise in!

Read More »

ADF Housing: Investment Property Success Story #75

This inspirational young lady came to us way back in June 2021 at age 20! 20! Already possessing great money habits and a desire for success, she had an openness to learn how to invest the right way. Ella was remarkably clear about what she wanted to achieve and knew that she needed to seek guidance from professionals to ‘force multiply’ her well-established position. With the deposit and cost already saved and a yearning to move with a sense of purpose towards her goals, it was time to put a plan and a strategy in place to set her on an even greater path to success.

Read More »