New South Wales

New South Wales First Home Owner (New Homes) Grant

A First Home Owner Grant (FHOG) of $10,000 is available when you buy or build your first new home. The grant only applies for newly built and substantially renovated homes, and is not available for established homes.

If you buy a newly built house, townhouse, apartment, unit or similar, or a home that has been substantially renovated by the seller, the total value of the property must not exceed $600,000.

If you purchase vacant land and sign a building contract with a builder, the total combined cost must not exceed $750,000. The total combined cost is the value of the vacant land plus the value of the comprehensive home building contract plus the cost of any building variations.

To qualify for the First Home Owner Grant, you must meet the following eligibility criteria:

• Each applicant must be at least 18 years old.
• At least one applicant must be a permanent resident or Australian citizen.
• You must be purchasing the property as a person, not as a company or trust.
• You must live in the home for a continuous period of at least 6 months within 12 months of the construction or purchase of your home.
• You or your spouse must not have previously received a First Home Owner Grant in Australia.
• You or your spouse, partner or co-purchaser must not have previously owned or co-owned a home or other residential property in Australia before 1 July 2000.

You may still be eligible if you purchased a residential property after 1 July 2000 and didn’t live in it for more than six continuous months.

More information:

https://www.revenue.nsw.gov.au/grants-schemes/first-home-buyer/new-homes