First Home Buyers

NSW First Home Owners Grant

The $10,000 First Home Owner Grant (New Homes) scheme applies for new homes only.

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

  • the contract date must be on or after 1 January 2016
  • the home is a brand new home
  • you are over 18 years of age
  • you or your spouse (including de facto spouse) have never held a relevant interest in any residential property in Australia prior to 1 July 2000 (However, you may be eligible if you or your spouse, including de facto spouse, have only had a relevant interest in any residential property in Australia on or after 1 July 2000 and you have not resided in that property for a continuous period of at least 6 months.)
  • the value of the property must not exceed the First Home Owner Grant Cap of $750,000
  • you have not received a first home owners grant in any State or Territory, unless subsequently repaid
  • you need to live in the home for a continuous period of at least 6 months
  • at least one applicant is a permanent resident or Australian citizen
  • each applicant must be a natural person and not a company or trust.

More information: http://www.osr.nsw.gov.au/grants/complete/fhog

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