Buying a home for the first time can be one of the most exciting times in your life - it can also be one of the most complicated too! However, if you're prepared for it, buying a home doesn't have to be a nightmare and it leaves you with more time to be excited about the future. First home buyers are blessed with a range of government benefits designed to help people break into the property market. Read on for more information about purchasing your first home. First Home Buyers Grant Introduced in July 2000, the First Home Owner Grant (FHOG) is an initiative developed by the Federal Government to encourage first home buyers to enter the property market. In New South Wales the FHOG launched at $7,000; however, this has been increased to $14,000 for an existing home and $21,000 if building a new home. The increased grant is only valid between October 14 2008 and June 30 2009, after which it will return to $7,000. Am I eligible for the First Home Owner G...