The Australian Government offers the First Home Owners Grant (often referred to as FHOG), as a one-off financial grant, to eligible home buyers who are buying or building their first home..

The FHOG is aimed at helping eligible first time buyers by providing them a lump-sum payment to offset purchase costs including transfer duty (stamp duty) and legal fees. •

The grant is tax-free and is not means tested. •

Each state sets a property value limit for grant eligibility. Check with your own state government’s requirements regarding property value limits.

In some states there are additional incentives for first home owners who are building a new home, so it pays to do some research to find out if you are eligible for other types of financial assistance