First home buyers - State Securities

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Buying your first home can often be an exciting but daunting time – State Securities can make it easier by helping you organise that ideal mortgage.

We can help you with the following:

Apply for the $7000 first home owner's grant. We can also suggest ways you can best use your grant - ie you may be able to use the grant as part of your deposit.

Organise a loan that is most appropriate for your current situation.

Arrange potential assistance with the initial deposit amount.

The First Home Owner Grant (FHOG) scheme was established to offset the effect of the GST on home ownership by providing a grant to first homeowners. The scheme came into effect on 1 July 2000 and is on-going with no end date yet specified.

The FHOG is not means-tested nor is it restricted by the purchase price of the property. A contract to purchase an existing home or to build a new home must be signed on or after 1 July 2000.

The grant is a one-off payment of up to $7,000 that will be payable to eligible first home owners to help with their purchase or construction.

Application forms are can be downloaded below. These forms require supporting documentation and can be lodged with specific Government agencies or with an Approved Agent (i.e. State Securities) when the applicant is borrowing funds from that Approved Agent.

To find out more about this scheme download the State specific factsheets and application forms located below. Or visit the First Home Owners Grant hotline website where you will also be able to check out whether you are eligible to receive this grant.

		Australian Capital Territory			South Australia
		Factsheet - (52kb)			Factsheet - (95kb)
		Application form - (73kb)			Application form - (85kb)
		State Government website			State Government website

		New South Wales			Tasmania
		Factsheet - (17kb)			Factsheet - (83kb)
		Application form - (39kb)			Application form - (113kb)
		State Government website			State Government website

		Northern Territory			Victoria
		Factsheet - (183kb)			Factsheet - (108kb)
		Application form - (248kb)			Application form - (217kb)
		State Government website			First Home Bonus Factsheet - (78kb)
					State Government website

		Queensland			Western Australia
		Factsheet - (59kb)			Factsheet - (529kb)
		Application form - (67kb)			Application form - (590kb)
		State Government website			State Government website


		When you are buying a property, there are a few other financial considerations that you will need to be aware of. These include:

			Stamp Duty When you purchase a property you are required to pay stamp duty on the sale and the property. As a First Home Buyer the State Governments have introduced stamp duty related incentives. Click here for more information...

			Mortgage Insurance Depending on the conditions of your mortgage you may need to take out mortgage insurance. To find out more click here...

Last modified 14-07-2004