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As announced in the Commonwealth Budget on 12 May 2009, the First Home Owners Boost inclusive of the existing $7,000 First Home Owners Grant will continue until 30 September 2009 at its current levels of $14,000 for established homes and $21,000 for building a new home or purchasing a newly constructed home.
For South Australia, this means that for contracts entered into between 14 October 2008 and 30 September 2009 the First Home Owners Boost together with the existing First Home Owners Grant and Bonus Grant will continue to provide a total of up to $18,000 for established homes and a total of up to $25,000 for building a new home or purchasing a newly constructed home. |
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From 1 October 2009 to 31 December 2009 the First Home Owners Boost inclusive of the $7,000 First Home Owners Grant will halve to $10,500 for established homes and $14,000 for building a new home or purchasing a newly constructed home.
This means that for South Australia, for contracts entered into between 1 October 2009 and 31 December 2009 the First Home Owners Boost together with the existing First Home Owners Grant and Bonus Grant will provide a total of up to $14,500 for an established home and a total of up to $18,000 for building a new home or purchasing a newly constructed home.
Contact the Blakes Crossing Sales and Information Centre on 1800 068 388 and speak to one of our sales consultants to find out how this grant can assist you.
For further information visit Revenue SA at www.revenuesa.sa.gov.au |
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