First Home Buyer Grants Northern Territory
In addition to the federal government’s First Home Owners’ Grant, eligible first home buyers in the Northern Territory have access to the First Home Owner Concession Scheme.
The FHOG scheme provides eligible first home owners with a $7000 grant in relation to the purchase or construction of a home.
FHOG is not means tested however, from 1 January 2010 eligibility ceases to apply if the consideration for, or the value of the home is more than $750 000. This includes the unencumbered value of the land on which a home is to be built.