The First Home Owner Grant offsets the GST on homeownership. It is a one-off payment for eligible first home buyers. The grant differs from state-to-state. In New South Wales, you would need to be buying or building your first home, with the property’s worth no more than $750,000.
Find out more about the First Home Owner Grant and relevant schemes.
Mitchelle Katsande is Head of Marketing and Communications at Benevolence Financial Group. Mitchelle currently holds a degree in International Business and Finance and is currently supported by Macquarie University Incubator and City of Parramatta Council.