The First Home Buyers Grant (FHBG) is a government incentive designed to assist eligible first-time homebuyers with the purchase of their first home. It provides financial assistance to reduce upfront costs associated with buying a home, such as stamp duty, legal fees, and mortgage insurance.
The FHBG was introduced in 2000 and has since helped hundreds of thousands of Australians achieve their dream of homeownership. The grant amount varies depending on the state or territory in which you are purchasing a home, and eligibility criteria may also differ. Generally, to be eligible, you must be an Australian citizen or permanent resident, not have owned a home before, and meet certain income and property value thresholds.
