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01/01/2010: FHOG Summary

Posted by: Craig Vaughan on 1/28/2010

 

FHOGS& STATE SUBSIDYSUMMARY
 
 
NEW SOUTH WALES
 
 
 Contract Date
 
 Transaction Type
First Home Owner
Grant
Federal Grant
$
First Home Owner
Boost Payment
Federal Grant
$
NSW New Home Buyers
Supplement
State Subsidy
$
Maximum amount
$
01/01/10to 30/06/10
Established home
7,000***
0
0
7,000
 
New Constructed home
7,000***
0
3,000
10,000
 
***Customersenteringintoacontractinsidetheabovespecifieddateswillberestricted toa capped
 
VICTORIA
 
 
 Contract Date
 
 
 Transaction Type
 
First Home Owner
Grant
Federal Grant
$
 
First Home Owner Boost Payment Federal Grant
$
 
First Home
Bonus
State Subsidy
$
First Home
Owner Regional
Bonus
State Subsidy
$
 
 
Maximum amount
$
01/01/10to30/06/10
Established home
7,000***
0
2,000**
0
9,000
 
Newly constructed home in Metro Victoria
7,000***
0
11,000**
0
18,000
 
Newly constructed homei n Regional Victoria
7,000***
0
11,000**
4,500
22,500
 
*Value ofpropertymustnot exceed$500,000 **Value ofpropertymustnotexceed $600,000.
***Customersenteringintoacontractinsidetheabovespecifieddateswillberestricted toa cappedproperty valueof$750,000including landvaluewith theexceptionoffarms being purchased astheprincipleresidence oftheFirst HomeBuyer.
 
SOUTH AUSTRALIA
 
 Contract Date
 
 Transaction Type
 
First Home Owner Grant
Federal Grant
$
First Home Owner
Boost Payment
Federal Grant
$
First Home Bonus
Grant
State Subsidy
$
 
Maximum amount
$
01/01/10to30/06/10
Established home
7,000
0
4,000* “
11,000
 
Newly constructed home
7,000
0
4,000* “
11,000
 
*Availableforproperty/constructedpropertywithamarketvalue of $400,000.
“Reducedby$8per$100forproperty/constructedpropertywithmarketvaluebetween $400,001- $450,000.
 
QUEENSLAND
 
 Contract Date
 
 Transaction Type
 
First Home Owner Grant
Federal Grant
 
$
 
First Home Owner Boost
Payment
Federal Grant
$
 
Maximum amount
 
 
$
01/01/10to30/06/10
Established home
7,000***
0
7,000
 
Newly constructed home
7,000***
0
7,000
 
***Customersenteringintoacontractinsidetheabovespecifieddateswillberestricted toa cappedproperty valueof$1,000,000includinglandvalue.
 
 
NORTHERN TERRITORY
 
 Contract Date
 
 Transaction Type
 
First Home Owner Grant
Federal Grant
 
$
 
First Home Owner Boost
Payment
Federal Grant
$
 
Maximum amount
 
 
$
01/01/10to30/06/10
Established home
7,000***
0
7,000
 
Newly constructed home
7,000***
0
7,000
 
***Customersenteringintoacontractinsidetheabovespecifieddateswillberestricted toa cappedproperty valueof$750,000including landvalue.
 
 
ACT &TAS
 
 Contract Date
 
 Transaction Type
 
First Home Owner Grant
Federal Grant
 
$
 
First Home Owner Boost
Payment
Federal Grant
$
 
Maximum amount
 
 
$
01/01/10to30/06/10
Established home
7,000
0
7,000
 
Newly constructed home
7,000
0
7,000
 
Nocappedproperty valueapplies.
 
WESTERN AUSTRALIA
 
 
 
  ***Customersenteringintoacontractinsidetheabovespecifieddateswillberestricted toa cappedproperty valueof$750,000 forpostcodessouthofthe 26th  parallel  (fromKalbarri
6536)and$1,000,000for postcodesnorthofthe 26thparallel (fromDenham6537),including landvalue.
 
 
 
 

 

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