First Home Owner Grant – FHOG
Posted by Adam in Loans, Mortgages on May 28th, 2009. No Comments »
First home owner grant (FHOG) is a grant that Australian government is giving to all first home buyers in different states. Due to current financial crisis around the globe & extremely lower interest rates, government makes a smart move. To promote first home buyers & increase buying power for first home buyers increase the housing grant. In early 2008 housing grant in NSW was 7000 AUD & government has increase that to 14000 AUD for first home buyers who is buying home which is old, however for new constructed home government grant is 21000 AUD.