Meeting the Criteria for a First Home Owners Grant

Getting a first home owners grant is a massive help to any first-time buyers who are in Australia and who wish to buy their first home. Everyone knows how difficult this can be as there are so many different costs that need to be met and often this can prevent people from getting on the property ladder. To help with this the Australian government brought the first home owners grant payments into existence on 1 July 2000. The first home owner's grant amount is currently $7,000. Meeting the Criteria for a First Home Owners Grant

To be eligible for a first home owners grant one or more of the applicant need to meet certain criteria which are:

Every applicant who will be residing in the new property cannot have owned a residential property in any way previous to their application - this includes joint ownership with another party.

This should be the first time that any of the applicants are eligible to receive a first home owners grant, otherwise the application will be turned down.

Each applicant needs to be a natural person - this means companies or trusts are not able to apply for a first home owners grant.

As a minimum of one of the applicants must be an Australian citizen or be a permanent resident of Australia in order to qualify for the grant.

Every one of the applicants must be resident within the property within 12 months of either completing the purchase of the property or within 12 months of the property being constructed. If this is not the case then a first home owners grant will not be paid out as the criteria have not been met.

You need to be able to provide all necessary paperwork to prove that you meet the eligibility criteria for a first home owners grant. This will include a copy of your birth certificate if you are an Australian citizen, a copy of your Australian passport or certificate of Australian citizenship if one of the applicants is a naturalised Australian or a copy of your permanent resident Visa if you are a permanent resident.

In addition to this to meet the criteria for a first home owners grant you will need to provide evidence to support the cost of the property, a copy of the offer and acceptance on the property which is signed or a copy of the building contract which is signed.

Once you have all this evidence you then need to fill out an application form for your first home owners grant and this should be sent to the relevant state revenue Department. Once you've done this you will then have to wait for your application to be reviewed and then someone from the state revenue Department will get in touch with you to discuss your application and to help move it on. Then you all you need to do is wait to receive your first home owners grant payment.

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