First Home Owners Grant (FHOG) NSW

Buying your first home is a significant milestone, and if you’re an Australian expatriate living overseas or a foreign buyer, the process can seem even more challenging. However, there are financial incentives designed to support you in achieving your homeownership goals.

One such incentive that has gained popularity is the First Home Owners Grant (FHOG) in New South Wales (NSW). This grant provides eligible individuals with financial assistance to help make their dream of owning a home in NSW a reality.

What is the FHOG NSW?

The FHOG NSW (First Home Owners Grant in New South Wales) is a financial incentive provided to eligible first home buyers in NSW. It offers a one-time payment of $10,000 to assist with the purchase of a new or substantially renovated home.

To qualify for the grant, the purchased property must have a value of less than $750,000. Additionally, as a requirement, the recipient of the grant must move into the property within 12 months of the settlement. The FHOG NSW aims to support first-time homebuyers in their journey towards homeownership by providing a substantial financial boost.

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Who is Eligible for the FHOG NSW?

To be eligible for the FHOG NSW, you must meet the following criteria:

  • You must be an Australian citizen or permanent resident.
  • You must be at least 18 years old.
  • You must not have owned or co-owned a property in Australia in the past five years.
  • You must purchase a new or substantially renovated home in New South Wales.
  • The home must be worth less than $750,000.
  • You must move into the home within 12 months of settlement.

How to Apply for the FHOG NSW

To apply for the First Home Owners Grant in New South Wales, follow these steps:

  • Obtain the application form: Visit the official Revenue NSW website to access the application form specifically designed for the FHOG NSW. Look for the relevant form related to the grant.
  • Review eligibility requirements: Before filling out the application form, familiarise yourself with the eligibility criteria to ensure you meet the necessary requirements. These criteria typically include being a first home buyer, purchasing a new or substantially renovated home below a certain value, and planning to live in the property for a specific period.
  • Complete the application form: Carefully fill out the application form, providing accurate and up-to-date information. Ensure that you answer all the questions and provide any required supporting documentation as specified in the application form.
  • Gather supporting documents: Along with the completed application form, you will need to provide supporting documents to prove your eligibility. Commonly required documents include proof of identification, proof of residency, proof of income, and evidence of the purchase of the eligible property. Refer to the application form or the Revenue NSW website for the specific documents required.
  • Submit the application: Once you have completed the application form and gathered the necessary supporting documents, submit the application to Revenue NSW through the designated submission method outlined on their website or in the application form itself. This can usually be done online, by mail, or in person at a designated office.
  • Follow up: After submitting your application, it is advisable to keep track of your application’s progress. Note down any reference numbers or acknowledgments received upon submission. If there are any issues or additional information required, Revenue NSW may contact you.
  • Grant approval: Once your application is processed and approved, Revenue NSW will notify you of the grant approval. They will provide instructions on how to claim the grant and any further steps you need to take.

Considerations for Australian Expats and Foreign Buyers

Considerations for Australian expats and foreign buyers when applying for the FHOG NSW:

  • Proof of citizenship or residency: As an Australian expatriate, you will need to provide documentation proving your Australian citizenship or permanent residency. This can include a valid Australian passport, citizenship certificate, or permanent residency visa.
  • Proof of overseas residency: To support your application, you will also need to prove your overseas residency by providing evidence that you are currently living overseas. This can be demonstrated through documents such as an overseas residential address, employment contracts, or tax records from the country of residence.
  • Financial resources: In addition to meeting the eligibility criteria, you will need to demonstrate that you have the financial means to purchase a home in New South Wales. This may involve providing proof of income, savings, or access to funds necessary for the property purchase.
  • Seek professional advice: Given the complexities involved in applying for the FHOG NSW as an Australian expat or foreign buyer, it is advisable to seek the guidance of a professional, such as a mortgage broker or tax advisor, who has experience in assisting expats and foreign buyers with the application process.

If you are classified as a non-resident, it is important to note that you may not be eligible for the First Home Owners Grant (FHOG) in NSW. However, there may still be opportunities to apply for the FHOG once you return to Australia and establish tax residency.

When you become a tax resident in Australia, you may become eligible for the FHOG based on the specific eligibility criteria outlined by the relevant authorities in NSW. It is advisable to consult with the official sources, such as Revenue NSW, to understand the requirements and conditions for applying for the FHOG as a returning tax resident.

Speak with an Expert

The FHOG NSW presents a significant opportunity for Australian expatriates living overseas or foreign buyers looking to purchase their first home in New South Wales. To ensure a smooth application process and maximise your chances of success, it is recommended to seek the expertise of an expat mortgage broker.

Take the next step towards your dream of homeownership as an Australian expat or foreign buyer by speaking with our knowledgeable expat mortgage brokers. They have the experience and resources to assist you in understanding the eligibility requirements and supporting you throughout the FHOG NSW application process.

Get a free Australian mortgage assessment today.

Apply online to get a free recommendation with real rates and repayments.

Frequently asked questions

If you sell your home within five years of buying it, you may have to repay some or all of the FHOG NSW. The amount you have to repay will depend on how long you have owned the home.

If you already own a property in Australia, you are not eligible for the FHOG NSW. However, you may be eligible for other government assistance programs, such as the First Home Buyer Assistance Scheme.

For more information about the FHOG NSW, please visit the Revenue NSW website.

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