The First Home Owner Boost applies to property purchased between 14 October 2008 and 31 December 2009.
The First Home Owner Boost gave buyers who qualified for the First Home Owner Grant a once-off additional payment of up to $14,000.
The amount you were entitled to depended on when you bought your home and whether it was an established or new home.
|Purchase date||Established homes||New homes|
|Between 14 October 2008 and 30 September 2009||$7,000||$14,000|
|Between 1 October 2009 and 31 December 2009||$3,500||$7,000|
To qualify, you needed to be eligible for the First Home Owner Grant. You also had to meet some additional requirements.
If your home was already constructed, it was considered new if:
Homes may also have been considered new if they were substantially renovated prior to sale. This required that:
If your home was constructed on land you purchased, you were only eligible for the new home boost if construction began within 26 weeks after buying the land and it was completed within 18 months.
If you bought a home off the plan, you’re eligible for the new home boost if you signed a contract between:
If you built a new home as an owner/builder, you are only eligible for the new home boost if construction:
The First Home Owner Boost doesn’t apply when a contract to purchase a home replaces a rescinded contract for the same home signed before 14 October 2008. This also applies for contracts to build the same home or a substantially similar home.
To apply for the First Home Owner Boost, download and complete the First Home Owner Grant application form (PDF, 487 KB).
If you’re applying for the new home boost, also complete the Addendum for First Home Owner Boost Scheme.