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 grant applies only to new or substantially renovated 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.
Why This Is the Correct Answer
The WA First Home Owner Grant is available only for new homes, including substantially renovated ones, so an established home does not qualify.
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A first-home buyer in Victoria signs a contract for a newly built home priced within the limits that apply at the time. Which assistance are they most likely eligible for?
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