FHOB grant will continue, but at a reduced rate. . .
Treasurer Peter Gutwein announced yesterday that when the $30,000 first home builder boost expires at the end of this year, it will continue at $20,000 until July 1 next year, then be cut to $10,000.
Mr Gutwein said the Government wanted to continue the scheme following positive signs in the building sector.
The announcement follows the latest report card into the state’s housing sector that shows new building starts were forecast to rise by 2.7 per cent this year, before an even stronger rise of 12.6 per cent next year.
Buyers of newly constructed homes and builders of new homes (either as an owner-builder or through a registered builder). Applicants buying an existing home (that’s is, a home previously used as a place of residence) are not eligible for the FHBB>
Following completion of the laying of foundations or on completion of a home that is not financed.
For any further questions on how to apply for the FHBB, you can click on the following link -http://www.sro.tas.gov.au/domino/dtf/SROWebsite.nsf/v-all/8D67B514FA1A41E0CA257AD00009BB85/$file/FHBB_001.pdf