First home owner boost

If your home was already constructed, it was considered new if:

• It had never been sold until you purchased it
• it had never been lived in, including by the builder or a tenant.

Homes may also have been considered new if they were substantially renovated prior to sale. This required that:

• most or all of the building was removed and replaced
• your purchase was the first time the home was sold after the renovations
• it hadn’t been lived in since being renovated, including by the builder or a tenant.

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:

• 14 October 2008 and 30 June 2009 and construction was complete by 1 January 2011
• 1 July and 30 September 2009 and construction was complete by 31 March 2011
• 1 October and 31 December 2009 and construction was complete by 30 June 2011.

If you built a new home as an owner/builder, you are only eligible for the new home boost if construction:

• began between 14 October 2008 and 31 December 2009
• was finished within 18 months.

The First Home Owner Boost doesn’t apply when a contract to purchase a home replaces a rescinded contract for the same home signed before 14 October 2008.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.