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01/01/2010: FHOG Summary

Posted by: Craig Vaughan on 1/28/2010

 

 

FHOGS & STATE SUBSIDY SUMMARY

 

 

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

$

01/01/10 to 30/06/10

Established home

7,000***

0

0

7,000

 

New Constructed home

7,000***

0

3,000

10,000

*** Customers entering into a contract inside the above specified dates will be restricted to a 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

$

01/01/10 to 30/06/10

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 home in

Regional Victoria

7,000***

0

11,000**

4,500

22,500

* Value of property must not exceed $500,000 ** Value of property must not exceed $600,000.

*** Customers entering into a contract inside the above specified dates will be restricted to a capped property value of $750,000 including land value with the exception of farms being purchased as the principle residence of the First Home Buyer.

 

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

$

01/01/10 to 30/06/10

Established home

7,000

0

4,000 *  “

11,000

 

Newly constructed home

7,000

0

4,000 *  “

11,000

* Available for property/constructed property with a market value of $400,000.

“ Reduced by $8 per $100 for property/constructed property with market value between $400,001- $450,000.

 

QUEENSLAND

 

 

Contract Date

 

 

Transaction Type

 

First Home Owner Grant

Federal Grant

 

$

 

First Home Owner Boost

Payment

Federal Grant

$

 

Maximum amount

 

 

$

01/01/10 to 30/06/10

Established home

7,000***

0

7,000

 

Newly constructed home

7,000***

0

7,000

*** Customers entering into a contract inside the above specified dates will be restricted to a capped property value of $1,000,000 including land value.

 

NORTHERN TERRITORY

 

 

Contract Date

 

 

Transaction Type

 

First Home Owner Grant

Federal Grant

 

$

 

First Home Owner Boost

Payment

Federal Grant

$

 

Maximum amount

 

 

$

01/01/10 to 30/06/10

Established home

7,000***

0

7,000

 

Newly constructed home

7,000***

0

7,000

*** Customers entering into a contract inside the above specified dates will be restricted to a capped property value of $750,000 including land value.

 

ACT & TAS

 

 

Contract Date

 

 

Transaction Type

 

First Home Owner Grant

Federal Grant

 

$

 

First Home Owner Boost

Payment

Federal Grant

$

 

Maximum amount

 

 

$

01/01/10 to 30/06/10

Established home

7,000

0

7,000

 

Newly constructed home

7,000

0

7,000

No capped property value applies.

 

WESTERN AUSTRALIA

 

 $7000 for Newly Constructed or existing***

 

  *** Customers entering into a contract inside the above specified dates will be restricted to a capped property value of $750,000 for postcodes south of the 26th  parallel  (from Kalbarri

6536) and $1,000,000 for postcodes north of the 26th parallel (from Denham 6537), including land value.

 

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