If you’re a first home buyer and you’re buying or building a new home, you may qualify for a $10,000 grant under the First Home Owner Grant (New Homes) scheme.
The grant is available for
To qualify, the purchase price of your new home must be no more than $600,000.
If you’re buying land to build a new home, the total price – including the land and home – must be no more than $750,000.
To receive the grant for your property
You won’t be eligible for the First Home Owner Grant (New Homes) scheme if you or your spouse have previously:
However, you may still be eligible if
You or one of the other first home buyers must
If you’re buying land and building a new home, you must move in within 12 months after construction is complete.
If you’re a member of the Australian Defence Force may you may be exempt from the six month residence requirement, providing all buyers are on the New South Wales electoral roll. Contact us for more details.
If you’re buying a home, you can apply for the grant if:
Your home will also be considered new if it has been substantially renovated before you buy it. You might be eligible for the grant if:
You can apply for the First Home Owner Grant (New Homes) scheme through your bank or financial institution when you’re arranging finance to buy your home.
View our list of approved agents.
If you’ve already completed the purchase process or construction has commenced, you can send your application straight to us.
Whether you’re applying through an approved agent or directly with us, you’ll need to complete the First Home Owner Grant (New Homes) Application form
The application form has all the information you’ll need to lodge your claim.
When you apply, we’ll ask you to provide some documents to support your claim. These include:
If you’re building a new home, you must provide documents such as council approvals, building contracts or occupation certificates, and evidence of land value.
If your circumstance change after you’ve received the grant and you no longer meet the eligibility requirements, you’ll need to pay back the grant. If you don’t, you may face prosecution and a penalty of up to $11,000.
If you won’t be able to move into the house within 12 months or you can’t live there for six continuous months, you must let us know straight away and pay back the grant. Please contact us to update your details.
We regularly check First Home Owners Grant (New Homes) scheme applications for inaccuracies and compare your information to data from other government agencies and businesses. If you provide false or misleading information you may face a substantial penalty.