If you are buying or
building your first
home, you may be
eligible for benefits
under the
First Home Owner Grant
Scheme and/or the
First Home Plus Scheme.
The First Home Owner
Grant Scheme is a joint
Australian and NSW
Government initiative
offering eligible NSW
first home buyers a
$7000 grant. The grant
applies to residential
dwellings only and does
not apply to vacant
land.
The First Home Plus
Scheme provides
exemptions or
concessions on transfer
duty and mortgage
Stamp
duty
for eligible first home
buyers. This includes
vacant land on which you
intend to build your
first home.
Both schemes are
administered by Office
of State Revenue (OSR)
to help
first home buyers in NSW
to purchase or build
their first home.
First
Home Plus transfer and
mortgage duty exemptions
or concessions are
available if you are
buying or building your
first home (valued up to
$600,000) or buying
vacant land on which you
intend to build your
home (valued up to
$450,000), and who meet
the following
eligibility criteria:
Each applicant is a
natural person and
not a company or
trust.
At least one
applicant is a
permanent resident
or Australian
citizen.
Each applicant must
be at least 18 years
of age.
None of the
applicants or their
spouse/de facto have
ever owned a
residential property
in any State or
Territory within
Australia (either
solely or with
someone else).
Residential property
also includes
investment
properties.
None of the
applicants or their
spouse/de facto have
previously been
party to an approved
First Home Plus
application.
All applicants
buying the property
must occupy the home
as their principal
place of residence
for a continuous
period of six
months, commencing
within 12 months of
completion of the
agreement.
When you apply for a
loan through us, we will
take care of the FHOG
application as well.The
grant is subject to
approval from the State
Revenue Office.
Application for FHOG
(along with supporting
documentation) will be
submitted to the lender
you select for applying
the loan. The lender
will arrange approval of
grant and the grant will
be available along with
the loan at the time of
settlement.
If you like to apply
yourself
click here to find
out how you can apply.
