{"id":309,"date":"2021-03-04T11:34:47","date_gmt":"2021-03-04T00:34:47","guid":{"rendered":"https:\/\/ensohomes.com.au\/?p=309"},"modified":"2024-01-30T16:42:51","modified_gmt":"2024-01-30T05:42:51","slug":"grants-and-schemes","status":"publish","type":"post","link":"https:\/\/ensohomes.com.au\/grants-and-schemes\/","title":{"rendered":"Three ways the government helps first home buyers"},"content":{"rendered":"
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Our guide to the grants, schemes and concessions available to first home buyers<\/h2>\n

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Like most things to do with the government, when it comes to buying your first home, there\u2019s plenty of reading to do, forms to fill in, and fine print to leave to your lawyer. It doesn\u2019t help that the grants and schemes available to first home buyers come with impossibly dull acronyms: FHOG and FHLDS in particular come to mind. Regardless, it\u2019s worth knowing what options you have and what help is available. Here are the four primary schemes available if you\u2019re in the market to buy your first home\u00a0\u2013\u00a0you can use as many as you qualify for.<\/p>\n

1. First Home Owner Grant (FHOG)<\/h3>\n

The most self-explanatory of the schemes, this is a $10,000 grant for first home owners in the Geelong region that can be used to either build a new home or buy an existing home and land package that\u2019s five years old or newer. True to its name, the FHOG is only available if you have never owned property and you and your spouse haven\u2019t already received the FHOG. Your property must be valued at $750,000 or less, and you must live in it as your principal residence for the first year after purchase or construction. If you are eligible for the FHOG, you can then also apply to reduce the amount of land transfer and stamp duty that you pay.<\/p>\n

How to apply<\/strong><\/p>\n