First Home Owner Grant NSW

The $15,000 First Home Owner Grant (New Homes) Scheme is available for eligible first home owners who buy or build new properties valued up to $750,000.

The First Home Owner Grant (New Homes) Scheme is NSW Government initiative to help you purchase your first home. To be eligible, a first home buyer needs to build or purchase a new home where the value of the property does not exceed the FHOG grant cap of $750,000. A new home:

  • Has not been previously occupied - this includes occupation by the builder, a tenant or other occupant.

  • Has never been sold as a place of residence. When you purchase the home, it must be the first sale of that home.

  • Has been substantially renovated or the home has been built to replace a demolished premises.

If you're a First home buyer and meet the eligibility requirments, you may qualify to receive a one-off FHOG of $15,000

However if your contract commencement date is on or after 1 January, 2016 you will be applying for the new, reduced FHOG of $10,000.

In conjunction with the NSW First Home Owners Grant (New Homes) Scheme, you may also be eligible for the First Home (New Homes) Scheme. If you are eligible, this scheme provides exemptions or concessions on transfer duty (Stamp Duty).

Under the NSW First Home (New Homes) scheme:

  • An exemption from transfer stamp duty is also available for eligible first home buyers purchasing a new home valued up to $550,000 and vacant land up to $350,000; and
  • Concessions are available on stamp duty for homes valued between $550,000 and $650,000 and vacant land valued between $350,000 and $450,000.

This includes buying land as the site to build a first home.

First home owner grant questionnaire

See if you're eligible

How a Mortgage Choice broker can help

Your local Mortgage Choice broker can take you through all of the incentives available, help you determine what you’re eligible for, and assist you in preparing all of the relevant paperwork to ensure you claim everything you’re entitled to.

Applying for the
First Home Owner Grant


In most cases

the lenders are able to act as agents for the Revenue Office.


This allows the First Home Owner Grant funds

to be available at settlement or at the first progress payment if you are building your home.


If you apply directly to the Revenue Office,

funds will not be available until after settlement or completion of the home if you are building.

Talk to us today to find out more about first home buyer incentives.

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For more details, go to the NSW Office of State Revenue.