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First Home Owner Grant NT

The NT government offers a $26,000 First Home Owner Grant for purchasers of new homes, as well as a home loan package to assist low to middle income owners in buying their first home.



NT First Home Buyer Guide

This quick video takes you through the changes made to first home buyer grants and concessions in NT in July 2017.

Updated 4 December 2017

First Home Owner Grant

The NT government offers a $26,000 First Home Owner Grant for purchasers of new homes, as well as a home loan package to assist low to middle income owners in buying their first home.

To encourage the construction of new homes in the Territory, the Territory Government is offering a $26,000 First Home Owner Grant to first home buyers who enter into a contract to construct or purchase a new home, or commence construction of a new home. Further, to be eligible at least one of the applicants has to occupy the home as their principal place of residence for a continuous period of at least 6 months within the first 12 months of ownership of the dwelling.

The FHOG is not means tested and there is no limit to the transaction eligibility threshold (i.e. value of the property). 

For more information on the Northern Territory First Home Owner Grant, go to the Northern Territory Department of Treasury and Finance website.

Homebuild Access

The NT Government also funds a home loan package called Homebuild Access. This scheme helps low to middle income earners achieve the security of home ownership, and offers two loan products targeted at the construction of new dwellings. The following purchase price limits apply to both Homebuild Access loan products:

  1-2 Bedrooms 3 or more bedrooms
Purchase price limit $475,000 $550,000

 

For more information on the Homebuild Access package, go to the Northern Territory Department of Housing website.

First Home Owner Discount (FHOD)

The First Home Owner Discount was designed to assist first home buyers in NT with the purchase of an 'established' home up to the value of $650,000, as long as it is also their first home in Australia. The FHOD is a full stamp duty concession on the initial $500,000 value of the home, which equates to stamp duty savings of up to $23,928.60. 

Please go to the Northern Teritory Department of Treasury and Finance for more information.
 

Principal Place of Residence Rebate (PPRR)

The Principal Place of Residence Rebate, provided by the NT Government, is for persons purchasing a 'new' home or land on which to build a home (as well as those considered substantially renovated). It is an amount up to $7,000 off the total stamp duty payable. 

Please go to the Northern Teritory Department of Treasury and Finance for more information.

Are you eligible for a First Home Owner Grant?

Applying for the First Home Owner Grant

1

Talk to your broker
In most cases, your chosen lender will act as an agent for the Revenue Office. Your lender, together with your broker, will make sure you receive the grant if you are entitled to it.

2

Allow time for processing
Your Mortgage Choice broker will ensure that the First Home Owner Grant funds are available at settlement or at the first progress payment if you are building your home.

3

If you go direct...
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.

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