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Big First Home Owners Grants to end next month

Aug 24, 2009 Homeowners Specials

The First Home Owners Grant (FHOG) which has given property buyer and sellers a bonanza will soon see a mad rush to meet the deadline.

The FHOG, extended another three month after its original 30 June expiry date following the 2009 Federal Budget, will finish 30 September.

People who enter into contracts on or before 30 September will still be eligible for a grant of $14,000 for an existing dwelling and $21,000 for a new home.

But after 30 September, the more generous scheme will be phased down, and end after December 31.

Between October 1 and December 31, the boost will be halved, meaning first home buyers will receive a total of $10,500 for established homes and $14,000 for new homes.

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