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This information has been copied
from the First Home Owners Grant Victoria Web site.
To be eligible to receive the grant, the following criteria must be satisfied:
- You and your spouse/partner must not have received a grant in any State or Territory of Australia.
- You and your spouse/partner must not have owned residential property, either jointly, separately or with some other person prior to 1 July 2000, in any State or Territory of Australia
- You and your spouse/partner must not have occupied for a continuous period of at least 6 months, a residential property in which either of you acquired a relevant interest on or after 1 July 2000 in any State or Territory of Australia.
- You must be a natural person (not a company) and at least 18 years of age at the time of settlement or completion of construction.
- You (or at least one applicant) must be a permanent resident or Australian citizen at the time of settlement or completion of construction of the home
- You (or at least one applicant) must occupy the home as your/their principal place of residence for a continuous period of at least 6 months, commencing within 12 months of either settlement or completion of construction.
(Note: The Commissioner may approve a lesser period if he is satisfied that there are good reasons why you cannot comply with the 6-month requirement. The Commissioner also has a discretion to extend the 12-month period if satisfied that you cannot occupy the home within 12 months of settlement or completion of construction due to circumstances that were unforeseen and beyond your control. If you wish to have the Commissioner exercise his discretion, you should contact us in writing as soon as you are aware that you may not be able to satisfy the residency requirement and provide reasons.)
A Your Local Finance Mortgage Broker can assist with the application for the grant as part of your loan application process. Call Your Local Finance mortgage broker on 1300 787 665
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