State-by-state guide to first home buyers grants

PHOTO: Many of the grants cover only newly-built homes. Picture: Getty Images

The First Home Owner Grant (FHOG) has changed a fair bit since it was introduced 16 years ago. 

Initially established to offset the impact of the then-new GST, the national scheme has since become an important economic stimulus tool.

It’s administered and funded by the individual state and territory governments, which, over the years, have tweaked the eligibility criteria and amounts available.

That said, the aim of the scheme has remained the same: help first-time buyers get their foot on the property ladder, by making house prices more affordable.

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