The State Government has announced it would end a $5000 FHOG boost on 30th June 2017. Along with the eligibility requirements for the existing $10,000 grant, the following requirements must be met to be eligible for the $5,000 boost:
- The contract for the construction or purchase of an eligible new home must be made on or before 30 June 2017.
- Construction of a new home must have commenced within 26 weeks after the date of the contract and be completed within 18 months of commencing construction.
- For owner builders, construction must commence on or before 30 June 2017 and be completed by 30 June 2019.
- For a contract to buy an ‘off the plan’ home, the contract must have been entered into on or before 30 June 2017, and be completed 30 June 2019.