Eligibility Criteria for FHSA
An account opener may be called as eligible for the First Home Saver Account if he or she is above eighteen years or less than sixty five years of age. The person interested in the First Home Saver Account must be an Australian Nationalist for taxation purposes. He must be going to buy the first home to live in Australia. This means he must not be the owner of any home in Australia before purchasing a home through First Home Saver Account.
You must not have a First Home Saver Account before opening another account. An individual can have only one First Home Saver Account. You can face penalties if you try to open a First Home Saver Account and you are not eligible for that.