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First home buyer grant and assistance

Buying or building your first home? The NSW Government offers a grant of $10,000 and assistance with transfer duty for eligible first home buyers.

First Home Owner's Grant (New Homes) scheme (FHOG)

Buying or building your first home? You may be eligible for a $10,000 grant under the First Home Owner's Grant (FHOG) scheme.

This grant scheme only applies to buying or building a new home.

You can make a claim if:

  • your home is newly constructed and has a total value of less than $600,000
  • the land and the dwelling you intend to build has a combined value of less than $750,000.

Eligibility

To be eligible

  • you must be an individual (not a company or trust) and over 18 years old
  • you, or at least one person you’re buying with, must be an Australian citizen or permanent resident
  • you or your spouse must not have previously:
    • owned or co-owned property in Australia
    • received a first home owner grant in Australia

You can apply for the FHOG when you arrange finance to buy your home. The bank or financial institution providing you with a loan will need to be an approved FHOG agent.

Find an approved agent

Read about first home buyer compliance

HomeBuilder program 

If you are building a new home, you could also be able to apply for the Australian Government grant of $25,000. To be eligible you must:

  • sign the contract between 4 June 2020 and 31 December 2020 
  • commence within 3 months of the contract date. 

HomeBuilder complements the NSW Government’s existing First Home Owner Grant and stamp duty concessions. 

Visit the Revenue NSW website to learn more about the HomeBuilder program

First Home Buyer Assistance scheme (FHBAS)

The NSW Government recently announced increased thresholds for purchases of new homes and vacant land to build a new home from 1 August 2020.  The threshold for existing home purchases remains unchanged.

You may be eligible to apply for an exemption or reduction of transfer duty charges under FHBAS.

This assistance scheme applies to first home buyers:

  • buying an existing home
  • buying a new home
  • buying vacant land on which you intend to build a home.


For homes or vacant land bought between 1 July 2017 and 31 July 2020, you can apply for a full exemption if:

  • the value of your new or existing home is less than $650,000, or
  • the value of your block of land is less than $350,000.


You can apply for a concession if:

  • the value of your new or existing home is between $650,000 and $800,000, or
  • the value of your block of land is between $350,000 and $450,000.


If you buy a home or vacant land between 1 August 2020 and 31 July 2021 you can apply for a full exemption if:

  • the value of your new home is less than $800,000, or
  • the value of your existing home is less than $650,000, or
  • the value of your block of land is less than $400,000.


You can apply for a concession if:

  • the value of your new home is between $800,000 and $1 million, or
  • the value of your existing home is between $650,000 and $800,000, or
  • the value of your block of land is between $400,000 and $500,000.

Eligibility

  • you must be an individual (not a company or trust), at least 18 years old
  • you, or at least one person you’re buying with, must be an Australian citizen or permanent resident
  • you or your spouse must not have previously:
    • owned or co-owned property in Australia
    • received an exemption or concession under this scheme.

You must have already exchanged contracts to purchase your first home or vacant land.

You can also talk to your solicitor or conveyancer about your eligibility for the First Home Buyers Assistance scheme.

Apply for the FHBAS

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