If you are buying or building a new home, you may be eligible for the FHOG ($10,000) if you signed your contract on or after 1 July 2013.
Your new home must be valued at $750,000 or less and be a new home. The property must not have been previously sold as a place of residence, occupied as a home, or leased out or used for short-term accommodation, such as Airbnb.
You’re not eligible for the FHOG if you or your spouse or partner have already:
received the FHOG in Australia
owned a home or other residential property in Australia, either jointly or separately, prior to 1 July 2000, or
lived in a home in Australia which either of you owned or part-owned on or after 1 July 2000 for a continuous period of at least six months.
These criteria apply even if your spouse or partner is not an applicant with you for the FHOG.
You may still be eligible for the FHOG if you or your spouse/partner purchased property on or after 1 July 2000 and have not lived there as your home. For example, Tom bought his first property in July 2004. It was a house and Tom has always rented it out. As he has never lived there himself, this house is not considered to be his first residential home and he may be eligible for the FHOG.
In addition:
All FHOG applicants must be at least 18 years of age at settlement or completion of construction (although there is discretion).
You, or at least one applicant, must be an Australian citizen or permanent resident:
in the case of the purchase of a new home, as at the date on which the applicant(s) become entitled to possession of the home under the contract, which generally occurs on the date of settlement,
in the case of the entering into of a comprehensive building contract, as at the date on which the building is ready for occupation as a place of residence, which generally occurs when the construction of the home is completed.
You (or at least one applicant) must occupy the home as your PPR for at least 12 months, commencing within 12 months of settlement or completion of construction. From 27 June 2017, Australian Defence Force personnel are exempt from this residency requirement. The exemption applies to current members of the Australian Army, Air Force or Navy who are enrolled to vote in Victorian elections and are either on duty or leave. The exemption does not apply to reservists or to Australian Public Service staff.
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