First home buyers who build a new home or purchase a brand new or substantially renovated property can receive a $10,000 grant.
To be eligible for the program, first home buyers must be:
- 18 years or over
- an Australian citizen or a permanent resident of Australia
- purchasing their first home
- planning to live in the home for 12 months.
See key definitions and eligibility criteria for more information, including possible exemptions to the above.
How to apply
You can apply for the First Home Owner (New Home) Grant through your bank or financial institution when you’re arranging finance.
You'll need to provide documents to prove your identity and contracts for your property purchase when you apply.
Home and land package
The price limit factors in:
- vacant land purchase price
- value of comprehensive home building contract
- cost of any variations during construction.
The package must therefore include an eligible building contract.
Newly built residence
This could be a:
- house
- townhouse
- apartment, unit or similar.
It includes ‘off the plan’ purchases.
Newly renovated
This means a substantially renovated home, which must:
- be mostly removed or replaced
- not have been occupied by the seller, builder or a tenant prior to, during or after the renovations
- not have been previously sold, since the renovations were completed.
Existing homes
If you are purchasing an existing home, you can't apply for the First Home Owner (New Home) Grant.
You may be eligible for another home buyer assistance program. Use the eligibility tool below to find out.