Christies Beach A lot of people have been asking “what is happening with the first home owners grant?” so just to clear the air we thought it would be advantageous to share this table from the Revenue SA website with you all.
| New Homes* | Up to |
|---|---|
| First Home Owner Grant (from 15 October 2012#) | $15 000 |
| First Home Owner Grant (1 July 2002 to 14 October 2012#) | $7000 |
| Please see the First Home Buyers Grants Table for previous amounts | |
| Housing Construction Grant (15 October 2012 to 31 December 2013#) | $8500 |
| If you are purchasing an off-the-plan apartment that meets the required criteria, you may also be eligible for a Off-the-plan Concession (stamp duty) | $21 330 |
| Established Homes | Up to |
|---|---|
| First Home Owner Grant (22 November 2012 to 30 June 2014#) | $5000 |
| First Home Owner Grant (1 July 2000 to 21 November 2012#) | $7000 |
So it is our understanding that if you are an eligible first home buyer and you sign a building contract before 31.12.13 you will be entitled to $15,000 and a further $8500. If you are an eligible first home buyer and you sign a building contract after 31.12.13 you will still be entitled to $15,000 but not the $8500.
If you are already a home owner and you sign a building contract before 31.12.13 you will be entitled to $8500 but not $15,000. If you are already a home owner and you sign a building contract after 31.12.13 you will not be entitled to any grants.
If you are an eligible first home buyer and you purchase an established home before 30.6.14 you will be entitled to $5000. If you are an eligible first home buyer and you purchase an established home after 30.6.14 you will not be entitled to any grants.
Speak to Revenue SA to find about eligibility as well as terms and conditions as everyone’s circumstances may be different and the above information is to be used as a general guide only. Call Revenue SA on (08) 8226 3750.
Click here for more details.
Also see:
NEW YEAR SAYS GOODBYE TO THE $8,500 CONSTRUCTION GRANT
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