Review Of Government First Home Owners Grant 2022. The home owner grant reduces the amount of property tax you pay for your principal residence. The first home owner grant (fhog) scheme was introduced on 1 july 2000 to offset the effect of the gst on home ownership.

A $10,000 first home owner grant (fhog) is available when you buy or build your first new home. What is available through the initiative grants from $125 to $5,000 to get a part of your costs back for eligible home retrofits up to $600 as a maximum contribution toward the total costs. The first home ownership initiative.