First Home Owner's Grant (New Home) scheme

The First Home Owner’s Grant is $10,000 and is available for people who are:

  • buying a new or substantially renovated home for no more than $600,000
  • buying land and building a home with the total for both at no more than $750,000

There are 2 ways to apply for the grant:

  1. through an approved bank or lender when you’re applying for finance to buy a home
  2. directly with Revenue NSW if you’ve already purchased your home, or construction of it has started

There are certain requirements you’ll need to meet to receive the grant, such as:

  • be over 18 years old
  • be an Australian citizen or permanent resident
  • not previously owned a residential property in Australia
  • not previously received a grant under the First Home Owner Grant Act 2000 in any state or territory

To receive the First Home Owner's Grant, you or one of the other first home buyers must:

  • move into the new home within 12 months after buying it
  • live there for at least 6 continuous months