The First Home Owner Grant can usually be used as part of your deposit. However, you will still need to factor in the other upfront costs of buying a home, such as legal fees and moving expenses.
The FHOG is normally paid on settlement if you are buying a brand new home. If you are building a new home, you are likely to receive the FHOG when you make your first progress payment — typically when the slab is laid.
Each state and territory has different requirements for the First Home Owner Grant (FHOG), but some do not offer this incentive for established homes. Read here to find out what’s on offer in your state or territory.