First Home Owner Grant 2015-2016 Update

In the 2015-16 Budget delivered on 14 May 2015, the Western Australian Government announced that the first home owner grant of up to $3,000 will be removed for the purchase of established homes in Western Australia. The first home owner grant of $10,000 for new homes will remain unchanged.

The announced first home owner grant change will not take effect until amending legislation is passed by the Parliament, which is expected to occur during the latter half of 2015. The grant will remain in place for eligible applicants purchasing established homes with contracts signed before the legislation is passed.

Eligibility for the $3,000 grant also entitles Western Australian first home owners buying an established property valued up to $530,000 to an associated first home owner duty concession.

While the $3,000 grant is to be removed, the first home owner duties concession of up to $14,400 will remain in place.

About Riverside

Principle Settlement Agent, Jan Bullen is the Licensee and holds a Settlement Agents License as required by the Settlement Agents Act 1981. With a background including banking and finance Jan also holds a Diploma in Financial Services (Conveyancing).