First Home Owner Grant: What you need to know and how to apply 

Presented by Ros Burton (Principal – The Real Estate People)

Buying your first home is a thrilling journey filled with excitement and a fair share of challenges. 

It marks a major step towards independence and involves a significant financial commitment. 

The First Home Owner Grant (FHOG) scheme plays an important role in making the dream of homeownership more attainable for many. 

Whether you’re just starting to explore the idea or are ready to make your move, this guide will help you make informed decisions on your path to owning your first home. 

Understanding First Home Owner Grant 

The First Home Owner Grant (FHOG) is a government initiative aimed at helping individuals step onto the property ladder. 

This one-time payment is designed to support first-time homebuyers in managing the various costs associated with purchasing a home. 

How Do First Home Owner Grants Work? 

The FHOG operates as a national scheme, yet its administration is handled at the state level. 

This means that the details of the grant can differ based on your location. 

Typically, it’s accessible to first-time buyers who are purchasing a new or significantly renovated property, and the grant can play a crucial role in covering a portion of your deposit and other initial expenses. 

FHOG in Queensland 

The First Home Owner Grant (FHOG) in Queensland provides financial support for eligible applicants looking to buy or build a new home. 

The amount of the grant varies based on the date of the contract signing or the laying of foundations for owner-builders and eligible applicants may receive $15,000 or $30,000 towards buying or building a new house, unit or townhouse. 

Specifically, there are two distinct grant amounts available, with one being applicable for contracts signed or foundations laid within a specified period between November 2023 and June 2025 and the other for earlier dates. 

It’s crucial for you to adhere to the eligibility criteria, as the Commissioner of State Revenue closely monitors any attempts to bypass these requirements. 

Step-by-Step Guide to Applying for Your First Home Owner Grant 

Applying for the FHOG might seem challenging, but it’s quite straightforward. Here’s a simplified process: 

  • Determine Eligibility: Ensure you meet the criteria for the FHOG, including the property value limit and the contract signing or foundation laying dates. 
  • Gather the Required Documents: Prepare the necessary supporting documents for your application. This includes proof of identity, a contract of sale and evidence of eligibility. 
  • Choose the Application Method: Decide whether to apply through an approved agent (like a bank or lending institution) or directly to the Queensland Revenue Office. 
  • Submit Application: The fastest way to receive the grant is through an approved agent. If applying directly, the grant isn’t paid until the home is complete and all supporting documents are supplied. 
  • Track Application Status: After submission, you can track the status of your application. The processing time is typically within 10 working days but may vary. 
  • Await Grant Payment: The timing of the grant payment depends on your application method and whether you are building or buying. 
  • Solving Common Challenges in First Home Owner Grant Applications 
  • While the process is designed to be user-friendly, applicants may face hurdles. Here are some common challenges and how to overcome them: 
  • Eligibility Confusion: Thoroughly read the eligibility criteria or seek professional advice to ensure you qualify. 
  • Document Errors: Double-check all documents for accuracy to avoid delays in processing. 
  • Timing Issues: Be mindful of deadlines and apply as soon as you’re able. 

Need Help with Your First Home Purchase? 

Embarking on the journey of buying your first home is exciting, but it can also be overwhelming.  

That’s where professional guidance comes in. 

If you’re thinking about buying your first home, you don’t need to be alone – reach out to us at The Real Estate People for professional advice on how to navigate the complexities of the real estate market. 

With the right support, your path to homeownership can be smoother and more rewarding, so contact us today for your first home buying needs in Toowoomba!