$14000 first home owners grant????

[kiwibird27]

They are now giving First home owners $14,000 ... how exciting... when does it start... now???? We just bought a new house a few days ago...do we get it????

[prideNJoy]

I thought it was an idea on the table, not in affect as yet :confused:

[Eggflip]

OH man we just brought a house in July!

[RoarsomeMum]

where is the info??? I want to know if we elligable!!

[kiwibird27]

Kevin Rudd said for the duration of 08 - 09 financial year the grant would b $14000, if u build then it's 21000, does that mean all new applications???

[BellyFruit]

You need to get in contact with the Office of State Revenue - check out this website

http://www.dtf.wa.gov.au/cms/osr_content.asp?ID=344

It doesn't refer to the new $14,000 grant as yet, but you could call them to see what's happening. They probably won't backdate it so it will come into effect eg 1 January 2009 and will apply to eligible purchasers after that most likely. If you've just bought a house, sorry, prob missed out which is a bummer...

If you're thinking of buying a house, maybe hold off and see when the grant's due to go up (may be quite soon) and then buy after that...

[mumbron]

:confused: I thought he said 28k if you build!!! :D it was 21k i was wrong

[chookat]

no $21k to build

[Gruffalo]

In the news it says that the fhog will be tripled for newly constructed homes after Christmas. Also good news, looks like low income families are gonna get a bonus $1000 for Christmas.

[kiwibird27]

But Kevin said "for the duration of the 08 - 09 financial year?????" Sounds like it's affective immediatly???

[onemummmy]

I actually heard that ppl getting FTB will get $1000 PER child:confused:

[kiwibird27]

Okay..I called the office of state revenue and they haven't been notified and have no clue!!!!

Anyone in receipt if FTB part A will get $1000 per child

[mz sv6]

Just readed this on the http://www.news.com.au/dailytelegraph/story/0,22049,24494637-5001021,00.html

The payment under the first home buyers scheme will be doubled from $7,000 to $14,000 and first home buyers who buy newly-constructed home will receive an extra $14,000 taking their total grant to $21,000.


Australia's four million pensioners, carers, and seniors will benefit from December 8.
Single pensioners will receive a lump sum payment of $1,400 while pensioner couples will receive $2,100.
People receiving the carers allowance will also receive $1,000 for each eligible person in their care.


The government said about 3.9 million Australian children will receive a $1,000 one-off benefit from December 8. Families who receive Family Tax Benefit (A), families with children who receive the Youth Allowance, Abstudy or a benefit from the Veteran Children's Education scheme will be eligible

[onemummmy]

Latinprincess, do you know if the one for people on the pension is $1400/$2100 per child?(single or couple)

[kiwibird27]

Just readed this on the http://www.news.com.au/dailytelegraph/story/0,22049,24494637-5001021,00.html

The payment under the first home buyers scheme will be doubled from $7,000 to $14,000 and first home buyers who buy newly-constructed home will receive an extra $14,000 taking their total grant to $21,000.


Australia's four million pensioners, carers, and seniors will benefit from December 8.
Single pensioners will receive a lump sum payment of $1,400 while pensioner couples will receive $2,100.
People receiving the carers allowance will also receive $1,000 for each eligible person in their care.


The government said about 3.9 million Australian children will receive a $1,000 one-off benefit from December 8. Families who receive Family Tax Benefit (A), families with children who receive the Youth Allowance, Abstudy or a benefit from the Veteran Children's Education scheme will be eligible

Thanks, it's says any contract entering into until June 09..... It must be effective immediatly..am sooo excitied

[QTB]

oh my gosh this thread has made my day!!!!!!!!!!!

[mumbron]

I was shocked whilst i was watching him when he was announcing this on the breaking news i was like :eek: but this is all good news :yelclap:

[nsmonkey]

So after June 2009 do you still get the $14000?

[onemummmy]

wow I wish I had enough cash to buy a home, the $21 000 would be a huge help!

[Elmofan]

Thank you so much for starting this thread while I wasnt usefull with info it has just brightend a otherwise crappy day

missed the news thanks to mil

[kiwibird27]

I just hope it really is effective from NOW...... I don't want to miss out!!!

[kiwibird27]

And still noone knows when this actually comes into effect??????????????????:geek::geek:

[onemummmy]

I guess it has to be passed through the er, senate is it? If it was only just announced IM sure we will know by the end of the week when its going to be effective from.:fingerscrossed:

[kiwibird27]

Don't think it needs to go thru the senate... it's not a proposal... it's actually happening.... just have to wait for OSR to find out

[onemummmy]

lol dont listen to me Im talking out my bum :laughing: I just thought it might have to be approved/voted on:o

[JorBai]

OMG this is the best thread I have read all day!

The first home buyers is awesome! Just told DH and we will certainly look into that, perhaps even building a place!

and

Does this mean with 2 Children that on Dec 8 we would get paid $2000? That sounds so good, infact too good to be true!:goodvibes:

[nsmonkey]

Do you still get the $14000 if you build after June 2009?

[Elmofan]

And still noone knows when this actually comes into effect??????????????????:geek::geek:


This link has a little more detail

http://www.smh.com.au/news/national/10b-rudd-ramps-it-up/2008/10/14/1223749999940.html

Starts now

[Areca]

Yah!!! Hopefully this helps pick the housing market back up again. Sales are down 80% where I live which sucks if you are a seller. Hopefully this is the boost everyone needs.

[Cathy3]

I thought if u have all ready sign the papers for a house (to buy) then u prob only get the $7000 not the $14000. Im not sure but thats how i would think it to be.

[kiwibird27]

I thought if u have all ready sign the papers for a house (to buy) then u prob only get the $7000 not the $14000. Im not sure but thats how i would think it to be.

Hope not, I hope it's for all new FHOG applications??? We haven't put the forms in yet!!!

[kiwibird27]

It's offical we don't get the 14k cause we exchanged contracts 6 days ago...Thanks federal government for ensuring we get screwed again this year:mad::mad::mad:

[floodprincess]

The word is that the increased grant will apply to all eligible contracts (purchase and build) signed from the 14th October to June 09.....

NSW OSR are working through the processes now and hope to have their website updated by COB today.

Hope this helps (sorry to those who have only just signed contracts :hugs:)

[gonnabeaGR8mum]

grrrr!!!! had we known this was coming in we would have delayed settlement 2 days! at a cost of $200/ per day it would have been worth it!
THIS ALWAYS HAPPENS TO US:hissy::hissy::banghead::banghead::hissy::gloomy :

[clm1982]

Yep thats correct. Im so glad as we are currently in the process of getting a quote but havent signed anything yet! Only thing im worried about is the building market are going to put there prices up.
.................................................. .........
First home buyers who purchase established homes will have their grant doubled from $7,000 to $14,000; and

First home buyers who purchase a newly constructed home will receive an extra $14,000 to take their grant to $21,000

First home buyers will be eligible for the First Home Owners Boost from 14 October, 2008.

All contracts entered into by 30 June, 2009 will be eligible for this new additional assistance.

[andie_pandie]

Hi Kiwibird

I know how you feel. I had one client sign a Contract on Monday Night, and two on the weekend.

I even contacted and emailed the relevant government departments to see if there was any way they would be considering First Home Buyers whom may have recently signed contracts.

And as previously mentioned it was for contracts signed from the 14th October 08 onwards till 30th June 2009.

This came completely out of the blue, as a Mortgage Broker I was blown away, after having a huge week with the Variable Rates and now this week having the Fixed Rates plummeting. This is certainly going to help a lot of people and if I had any idea myself I would have got my clients to hold off.

They are trying to boost the home loan market over the short term. It would be great if they extend it into the 2009 financial year, we will just have to wait and see.

Here in QLD, I have worked out that the Grant will cover all costs up to a $300K purchase, so it will be a huge stimulant, mind you I hope that this does not go the opposite way and for people to over inflate their homes as a result.

[kiwibird27]

what ground are there for asking for a contract re-write, I assume there would have to b something the solicitor actually finds wrong with the inital contract. Otherwise your just negotiating the first contract??? There are a few issues with the house and we want to re-negotiate, that doesn't mean a new contract does it, but if we pull out, because we are panicky first home buyers, can we then re-sign under new terms and price legally???

[QTB]

oh man i sooo feel for anyone whos just brought a house and missed out on the rise, i cant believe it was nearly us! we were looking at buying a few months ago, then desided to wait a year and see what happens with the economy over that year - paying off our debt in the mean time...

however, we are now househunting again - the extra 7-14k is gonna help sooo much!!

[Ashlea]

it also means for people who live in Vic we actually end up getting $26000 after the stamp duty rebate if we are building new homes. YAY!!! We sign our contract in a few weeks! :flowerz:

[nsmonkey]

We were looking at a few places about a month ago and just decided to wait, glad we did though.
Just curious whats the deal if you want to get a house built?

[QTB]

it also means for people who live in Vic we actually end up getting $26000 after the stamp duty rebate if we are building new homes. YAY!!! We sign our contract in a few weeks! :flowerz:

can you tell me more about this? we are living in QLD but going to buy (and live) in shepparton... thanks :)

[Phyllis Stein]

Anyone know when exactly you get the $21k grant if you build? i.e. when you submit plans, poor concrete, at lock up stage? TIA

[nsmonkey]

My husbands boss is a builder, and he said if we were to build that you wouldn't get it until finished. Not sure how true that is?
But if we were to do that and get the money once we have the house I think that we would put that money back onto the loan.

[Phyllis Stein]

Thanks nsmonkey. Wouldn't that mean building must be finished by June 09? Cutting it very fine if so...

ETA. Just read that you need to have entered into a contract by June 09.

[nsmonkey]

Yeah all contracts have to be signed by 30 June 2009, my mum was saying tis morning that you have 18mths to build.