First home buyer grants
You could be eligible for a $10,000 grant and more! Visit the government page for the most up to date information.
You could be eligible for a $10,000 grant and more! Visit the government page for the most up to date information.
Buying or building your first home? You may be eligible for a $10,000 grant under the First Home Owner Grant (New Homes) scheme. The scheme is managed by Revenue NSW.
If you purchase vacant land and sign a building contract with a builder then we add the value of the vacant land plus the value of the building contract plus the cost of any building variations done together. The total combined cost must not exceed $750,000.
If you purchase a home which was substantially renovated by the seller, the purchase price must not exceed $600,000.
You may be eligible for the grant if:
The First Home Owners Grant may be paid in addition to other exemptions or concessions for eligible homebuyers.
You can apply for the scheme when you arrange finance to buy your home. The bank or financial institution providing you with a loan will need to be an approved agent.
For more information on the First Home Owner's (New Homes) Grant.
The NSW Government announced increased thresholds for purchases of new homes and vacant land to build a new home from 1 August 2020. The threshold for existing home purchases remains unchanged.
You may be eligible to apply for an exemption or reduction of transfer duty charges under the assistance scheme.
This assistance scheme applies to first home buyers:
For homes or vacant land bought between 1 July 2017 and 31 July 2020, you can apply for a full exemption if:
You can apply for a concession if:
If you buy a home or vacant land between 1 August 2020 and 31 July 2021 you can apply for a full exemption if:
You can apply for a concession if:
To be eligible:
You must have already exchanged contracts to purchase your first home or vacant land.
You need to lodge your applications form and supporting documents with your solicitor or conveyancer.
For more information click here.
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