First Home Owner Grant NSW

From 1 October 2012, the $7,000 First Home Owner Grant in New South Wales was replaced by the $15,000 First Home Owner Grant (New Homes) Scheme for eligible first home owners who buy or build new properties valued up to $650,000.

Under the NSW First Home (New Homes) scheme:

  • an exemption from transfer duty is also available for eligible first home buyers purchasing a new home valued up to $500,000 and vacant land up to $300,000; and
  • concessions are available on duty for homes valued between $500,000 and $600,000 and vacant land valued between $300,000 and $450,000.

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

First home owner grant questionnaire

See if you are 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

1

In most cases

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

2

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.

3

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.

All fields required
  • Meet your broker in:
  • Have you used a Mortgage Choice broker before? * :
  • Additional Comments? * :

Thanks for your enquiry. We'll match you up with your local Mortgage Choice broker who will get in touch with you soon!

 

Follow us for the latest news and tips on properties and home loans:

 

Social -FB    Social-Twitter    Social-Gplus

 

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