Victoria $12,000 First Home Grant
May 6th 2004, 1:15 pm
#1
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Victoria $12,000 First Home Grant
4 May 2004, the Victorian Treasurer, Hon John Brumby MP handed down the 2004-05 State Budget
It contains:
All Victorian first home buyers who qualify for the Government’s $7000 First Home Owner Grant (FHOG) will be eligible for an additional $5000 grant paid by the Victorian Government known as the First Home Bonus. This brings the total Government grants available to Victorian first home buyers to $12,000.
The First Home Bonus will be available for Victorian properties where the contract is entered into on or after 1 May 2004 and before 1 July 2005, and where the consideration paid under the contract is no more than $500,000
Victoria Office of State Revenue
It contains:
All Victorian first home buyers who qualify for the Government’s $7000 First Home Owner Grant (FHOG) will be eligible for an additional $5000 grant paid by the Victorian Government known as the First Home Bonus. This brings the total Government grants available to Victorian first home buyers to $12,000.
The First Home Bonus will be available for Victorian properties where the contract is entered into on or after 1 May 2004 and before 1 July 2005, and where the consideration paid under the contract is no more than $500,000
Victoria Office of State Revenue
May 6th 2004, 1:25 pm
#2
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Re: Victoria $12,000 First Home Grant
Originally posted by ABCDiamond
4 May 2004, the Victorian Treasurer, Hon John Brumby MP handed down the 2004-05 State Budget
It contains:
All Victorian first home buyers who qualify for the Government’s $7000 First Home Owner Grant (FHOG) will be eligible for an additional $5000 grant paid by the Victorian Government known as the First Home Bonus. This brings the total Government grants available to Victorian first home buyers to $12,000.
The First Home Bonus will be available for Victorian properties where the contract is entered into on or after 1 May 2004 and before 1 July 2005, and where the consideration paid under the contract is no more than $500,000
Victoria Office of State Revenue
4 May 2004, the Victorian Treasurer, Hon John Brumby MP handed down the 2004-05 State Budget
It contains:
All Victorian first home buyers who qualify for the Government’s $7000 First Home Owner Grant (FHOG) will be eligible for an additional $5000 grant paid by the Victorian Government known as the First Home Bonus. This brings the total Government grants available to Victorian first home buyers to $12,000.
The First Home Bonus will be available for Victorian properties where the contract is entered into on or after 1 May 2004 and before 1 July 2005, and where the consideration paid under the contract is no more than $500,000
Victoria Office of State Revenue
May 6th 2004, 1:27 pm
#3
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Bloody shame it doesnt apply to Perth as well....................
May 6th 2004, 1:29 pm
#4
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Re: Victoria $12,000 First Home Grant
Originally posted by ABCDiamond
All Victorian first home buyers who qualify for the Government’s $7000 First Home Owner Grant (FHOG) will be eligible for an additional $5000 grant paid by the Victorian Government known as the First Home Bonus. This brings the total Government grants available to Victorian first home buyers to $12,000.
All Victorian first home buyers who qualify for the Government’s $7000 First Home Owner Grant (FHOG) will be eligible for an additional $5000 grant paid by the Victorian Government known as the First Home Bonus. This brings the total Government grants available to Victorian first home buyers to $12,000.
May 6th 2004, 1:34 pm
#5
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Re: Victoria $12,000 First Home Grant
Originally posted by HiddenPaw
The extra $5k will help ease the pain of the 7% stamp duty then!!
The extra $5k will help ease the pain of the 7% stamp duty then!!
May 6th 2004, 1:37 pm
#6
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Re: Victoria $12,000 First Home Grant
Originally posted by Florida_03
Let the rorting begin...
Let the rorting begin...
May 6th 2004, 1:45 pm
#7
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actually i think it's 6% and kicks in at just over $100k. not heard of the $870 threshold at 5.5%...unless reecnt legislation change???
May 6th 2004, 2:53 pm
#9
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Originally posted by S Oldfield
Bloody shame it doesnt apply to Perth as well....................
Bloody shame it doesnt apply to Perth as well....................
http://www.abc.net.au/news/newsitems/s1102939.htm
love sophia x
May 6th 2004, 3:05 pm
#10
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Re: Victoria $12,000 First Home Grant
and where the consideration paid under the contract is no more than $500,000
what does this bit mean??? is it only available on houses valued up to $500000 or is this something else????
Andy
what does this bit mean??? is it only available on houses valued up to $500000 or is this something else????
Andy
May 6th 2004, 7:35 pm
#11
The Godfather
Joined: Feb 2004
Location: South East Suburbs of Melbourne
Posts: 7,336
Re: Victoria $12,000 First Home Grant
Originally posted by andy thomas
and where the consideration paid under the contract is no more than $500,000
what does this bit mean??? is it only available on houses valued up to $500000 or is this something else????
Andy
and where the consideration paid under the contract is no more than $500,000
what does this bit mean??? is it only available on houses valued up to $500000 or is this something else????
Andy
May 6th 2004, 9:12 pm
#12
mark,abbi,tia & max
Joined: Mar 2003
Location: bse suffolk
Posts: 103
handy if this was to happen in brissy in the near future
May 6th 2004, 10:33 pm
#13
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Location: Brisbane
Posts: 138
I can't believe they haven't means tested the 1st home owners grant.I don't think many Brits would like it if Ozzies were given $12K when they got off the plane to buy a house.
It seems unfair to me that property rich Brits can get $12K as soon as they get here buying a $500K property with a $20K mortgage.It was meant for young Oz "battlers " getting a foot on the property ladder.I'm sure the same complain about immigrants in the UK bludging off the the UK government.
I wonder how many will give it back when they decide they don't like Oz and want to go home because it is too expensive/hot/don't like the supermarkets/beer/health service....
Before I get abused.Last week Paul Clitheroe(famous financial journalist/TV presenter in Oz) commented on it in his magazine.
It seems unfair to me that property rich Brits can get $12K as soon as they get here buying a $500K property with a $20K mortgage.It was meant for young Oz "battlers " getting a foot on the property ladder.I'm sure the same complain about immigrants in the UK bludging off the the UK government.
I wonder how many will give it back when they decide they don't like Oz and want to go home because it is too expensive/hot/don't like the supermarkets/beer/health service....
Before I get abused.Last week Paul Clitheroe(famous financial journalist/TV presenter in Oz) commented on it in his magazine.
Last edited by mary1; May 6th 2004 at 10:37 pm.
May 6th 2004, 10:35 pm
#14
Joined: Aug 2003
Posts: 11,149
Maybe the bureacratic costs of means testing make it cost innefective..
May 6th 2004, 10:46 pm
#15
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Location: Brisbane
Posts: 138
I think they should live in the country for a year at least before they can apply for it.
I suppose immigrants have paid massive amounts to DIMIA for their visas/medicals/agents etc.so they feel justified.
I know heaps of struggling Ozzies who could use 12K though.
Maybe Mark(Latham) will change it after the election?
I suppose immigrants have paid massive amounts to DIMIA for their visas/medicals/agents etc.so they feel justified.
I know heaps of struggling Ozzies who could use 12K though.
Maybe Mark(Latham) will change it after the election?