Residential Settlements

First Home Owner Grant Cap

The First Home Owner Grant Act 2000 has been amended in order to introduce a cap on the total value of properties considered to be eligible transactions for the first home owner grant (FHOG) in Western Australia.

Once operational, the total value of properties that are eligible transactions in WA for the first home owner grant must be $750,000 or less if the property is located south of the 26th parallel, or $1,000,000 or less if the property is located north of the 26th parallel.

Accordingly, the WA Office of State Revenue intends, effective from 1 January 2010, to introduce a new version of the Western Australian first home owner grant application form for use by all stakeholders. This new form is identified by a version date of January 2010, and will only available from our website as a printable download once the proposed amendments come into effect.

It is expected that these amendments will become operational on 1 January 2010, although this is subject to the proclamation receiving the necessary approvals and appearing in the Government Gazette. This is expected to occur before the end of December 2009, however, should this timing change we will advise you of the revised details, as soon as possible.

For further information on the first home owner grant is available from the Department of Tresury and Finance website. Click here for details.

Edit

The WA State Government has since abolished the $3,000 grant for first home buyers purchasing an established property on or after 3rd October 2015. First home buyers who purchased a property prior to that date can still apply for the FHOG and related first home owner rate of duty for a period of 12 months after completion of the eligible contract.

On or after 3rd October 2015  purchasers of established homes will still be able to apply for the first home owner rate of duty if the value of the home is below the current threshold of $530,000.

The FHOG of up to $10,000 for ‘new’ homes will remain unchanged.