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Home Owner Grants /NSW

First-Home Owners

Grant NSW

Updated January, 2014

The NSW Government's First Home Owners Grant helps first home buyers purchase a new home or build their home to the value of $650,000 by offering a $15,000 grant. The scheme applies to new homes only and will reduce to $10,000 on 1 January 2016.


To be eligible to receive the grant:

  • the contract date must be on or after 1 October 2012
  • the home is a brand new home
  • you are over 18
  • you or your spouse (including de facto spouse) have never held a relevant interest in any residential property in Australia prior to 1 July 2000.
  • However, you may be eligible if you or your spouse, including de facto spouse, have only had a relevant interest in any residential property in Australia on or after 1 July 2000 and you have not resided in that property for a continuous period of at least 6 months.
  • the value of the property must not exceed the First Home Owner Grant Cap of $650,000
  • you have not received a first home owners grant in any State or Territory, unless subsequenly repaid
  • you need to live in the home for a continuous period of at least 6 months
  • at least one applicant is a permanent resident or Australian citizen
  • each applicant must be a natural person and not a company or trust.

Which homes qualify?
To qualify, the home must be used as a place of residence. Elegible residences are houses, flats, units, townhosues or apartments and moveable homes relocated onto land owned by the applicant.


Stamp Duty Excemptions and Concessions
The First Home - New Home scheme provides eligible purchasers with exemptions from transfer duty on new homes valued up to $550,000 and concessions for new homes valued between $550,000 and $650,000.

Eligible purchaser buying a vacant block of residential land to build their home will pay no duty on vacant land valued up to $350,000, and will receive concessions for vacant land valued between $350,000 and $450,000.

To be eligible for the duty concession or exemption:

  • at least one buyer must be an Australian citizen or permanent resident
  • the agreement must be for the purchase of the whole property
  • you must be a natural person (not a company or trust)
  • you must be over 18
  • you or your partner have not previously owned property in any form in any State or Territory
  • at least one purchaser must occupy the home within 12 months and needs to live in the home for a continuous period of at least 6 months.

If your partner has previously owned a home or received a benefit from us under the First Home -New Home Scheme, you will not be entitled to receive a concession or exemption.

For enquiries about the NSW Government's First Home Owner Grant Scheme phone
1300 130 624.