Home > Loans > Home loans > Your first home > Planning the purchase > First Home Owner Grant > Are you eligible?
Are you eligible?
The First Home Owners Grant provides up to $14,000 and up to $21,000 to first home buyers who build a new home or purchase a newly constructed home towards the cost of buying that home. You only get it once.
To be eligible you must:
- be a person, not a company or trust
- be a permanent resident or Australian citizen
- be at least 18 years old
- never have owned or part-owned a residential property
- enter into a contract for the purchase of a home or sign a contract to build a home
- not have received a grant under the First Home Owners Grant Act 2000 in any State or Territory
- occupy the home as your principal place of residence for at least six months within 12 months of settlement.
These are the broad criteria; visit the website for your state to see if there are any other eligibility criteria that might affect you.
Since we’re a registered agent, you can apply for the grant when you apply for a Teachers Credit Union home loan.
Contact your local government
My First Home Loan
Making your first home purchase easier with a loan specially designed for first home buyers. Including discounted rates, a longer repayment period, a reduced deposit and pre-approved $5,000 Teachers Credit Card.
Need to chat?
There’s a lot to think about when buying a home.
Perhaps you’d prefer to talk it through with one of our experienced lenders.
