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. |
