1307.8 - Australian Capital Territory in Focus, 2007  
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Contents >> Housing and Construction >> First Home Owners Grant

FIRST HOME OWNERS GRANT

The First Home Owner Grant (FHOG), introduced on 1 July 2000, entitled eligible applicants to a one-off payment of $7,000. On 9 March 2001, the Commonwealth Government announced that an additional $7,000 grant would be available to first home owners who entered into contracts between 9 March 2001 and 31 December 2001 to build their first home, or purchase a new but previously unoccupied home.


This additional grant was later reduced from $7,000 to $3,000 for contracts made between 1 January 2002 and 30 June 2002 (inclusive) by applicants building a first home, or purchasing a new but previously unoccupied home.


From July 2002 onwards, the FHOG stands at the original amount of $7,000.


In the ACT, there have been 15,158 applicants with more than $106m paid since the introduction of the home owners grant.

12.1 First home owner grants, ACT

2001-02
2002-03
2003-04
2004-05
2005-06
2006-07

Applicants no.
3 632
2 406
1 565
2 077
2 524
2 954
Amount paid $
28 056 000
17 579 000
10 603 000
14 012 789
16 798 089
19 541 745

ACT Department of Treasury, ACT Revenue Office, First Home Owners Grants, Data available on request



Grants by district

Within the ACT, there was a 18% increase in the total number of FHOG grants from 2005-06 (2,407 grants) to 2006-07 (2,833 grants). The Belconnen district had the highest number of first home owner grants during the 2006-07 financial year (771 grants, or 27% of all FHOG grants in the ACT). The next highest districts were Tuggeranong (656 grants, or 23%) and Canberra Central (594 grants, or 21%).

12.2 First Home Owner Grant, By district - ACT

2005-06
2006-07
no.
no.

Canberra Central
473
594
Belconnen
696
771
Gungahlin
343
527
Woden Valley
140
145
Weston Creek
142
134
Jerrabomberra
1
2
Stromlo
-
4
Tuggeranong
612
656
Total(a)
2 407
2 833

- nil or rounded to zero (including null cells)
(a) Totals may vary from those in Table 12.1 due to the grants in some districts being repaid
ACT Department of Treasury, ACT Revenue Office, First Home Owners Grants, Data available on request.


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