First home owner grant
If you’re a first home buyer and you’re buying or building a new home, you may qualify for a $10,000 grant under the First Home Owner Grant (New Homes) scheme if you purchase date was on or after 1 January 2016.
You can make a claim for the First Home Owner Grant if your:
- newly constructed home or a substantially renovated home has a total value less than $600,000
- land for building and any dwelling you intend to build has a combined value less than $750,000.
Eligibility requirements
To receive the grant when you buy your home:
- you must be an individual, not a company or trust
- you must be over 18
- you, or at least one person you’re buying with, must be an Australian citizen or permanent resident
- your purchase date must be on or after 1 January 2016.
Generally, you won’t be eligible for the First Home Owner Grant if you or your spouse:
- have previously owned or co-owned a home in Australia or
- have received an Australian first home owner grant.
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.
For more information, please click here.
