The first home owner grant is different to the Australian Government's 5% Deposit Scheme scheme and the Help to Buy Scheme.
The first home owner grant (FHOG) is a one-off payment to encourage and assist first home buyers to buy or build a new residential property for use as their principal place of residence.
The grant is $10,000 or the consideration paid to buy or build the house if less than that amount.
Only one grant is payable per eligible transaction, so two people purchasing a house together may only receive one grant.
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