A first home buyer in WA purchases an established home for $430,000. Are they eligible for the First Home Owner Grant (FHOG)?
Correct Answer
B) No, the WA FHOG only applies to newly constructed homes or substantially renovated homes, not established homes
In WA, the First Home Owner Grant applies only to new homes — either newly constructed or substantially renovated properties. Established (existing) homes are not eligible for the FHOG, though first home buyers may be eligible for transfer duty concessions on established homes.
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A first-home buyer in Victoria purchases a newly built home valued at $600,000. Which government concession or grant are they most likely eligible for?
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A foreign investor purchases a residential property in WA for $800,000. In addition to the standard transfer duty and the 7% foreign buyer surcharge, what other approval might they need?