The First Home Guarantee (FHBG) is part of the Home Guarantee Scheme (HGS), an Australian Government initiative to support eligible home buyers to buy a home sooner. It is administered by Housing Australia on behalf of the Australian Government. Under the FHBG, part of an eligible home buyer's home loan from a Participating Lender is.. The First Home Owner Grant (FHOG) scheme was introduced on 1 July 2000 to offset the effect of the GST on home ownership. It is a national scheme funded by the states and territories and administered under their own legislation. Under the scheme, a one-off grant is payable to first home owners that satisfy all the eligibility criteria.
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The First Home Owners Grant SA may also be available if you are purchasing an established home, as long as it has been 'substantially renovated' and no one has lived in the home since the renovations were completed. The common thread is that to be eligible for the First Home Owners Grant SA, the value of your first home must be $575,000 or.. With property prices surging across the country, being able to use superannuation to buy a home is sure to appeal to first-home buyers struggling to save a deposit - but with a raft of.
