First Home Owner Grants were introduced on July 1st 2000, the same day the new Goods and Service Tax also took affect. First Home Owner Grants were seen as a way to counteract the impact of the GST. For those who are eligible, and meet the criteria set, a $7000 grant is available, to help individuals buy their very first, permanent, residence. First Home Owner Grants are funded by the revenue offices of the Australian Central Territories, but they’re administered by each individual state’s office. Basic requirements remain true throughout those states, although each office can have particular, additional criteria, which must also be met. First Home Owner Grants are an ongoing scheme, with no current plans to withdraw them. In Fact, an additional grant has recently been introduced and funded by the Australian Government, by way of the First Home Owner Boost Scheme. It is applicable to any home … Read the rest
