End of September Marks Phasing Out of First Home Owner Grant Boost, REIA Says

The first stage of the phasing out of the First Home Owners Grant Boost (FHOG Boost) will happen on September 30.

From October until December 2009 the FHOG Boost will be reduced from $14,000 to $10,500 for established homes and from $21,000 to $14,000 for newly constructed homes.

From 1 January 2010, the FHOG will return to the $7,000 previously provided to first home buyers of new and established housing, before the implementation of the Boost.

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