The Australian federal government presented the First Home Owner Grant (FHOG) in 2000 to compensate for the GST (services and items tax) and to make purchasing a home much easier for all Australians. Depending on your lender, you might be able to utilize the $7,000 grant as part of your down payment. The home loan market is extremely competitive, and more lending institutions are beginning to enable the grant to be utilized as down payment. Even if you do not use it as a down payment though, there are numerous other practical uses for the Grant.

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