First Home Owners Grant Scheme to Buy Your Own Home in Australia
First Home Owners Grant Scheme is offered by NSW government to those who are eligible to buy first home in the market. If you live in Melbourne, you can get advantages of first home loan Melbourne . The First Home Owner's grant is a good offering by the Australian federal government for Australians who're acquiring their first home. Buying a new home is dream for everyone. First home buyer are most important it is the first time they are buying a home so they are especially prone to being ripped off by bad finance sources who are just looking out for their best interests. The First Home Owners Grant (FHOG) was introduced by Australian government in year 2000. It is a lump sum payment awarded to Australians who qualify for the scheme when they buy their first home. The grant was awarded up to $14,000 when it was first introduced. This was lowered to $7,000 after a few years. When the global financial crisis took hold in 2008, the grant was substantially increased and the f