First Home Owner Grant

The First Home Owner Grant (New Homes) scheme (the Scheme) NSW was established to assist eligible first homeowners to purchase a new home or build their home by offering a $15,000 grant.

The Scheme applies to new homes only and will reduce to $10,000 on 1 January 2016.

What is a new home?

A new home is:
A home that has not been previously occupied, including occupation by the builder, a tenant or other occupant.
A home that has not been previously sold as a residence. Where the home is being purchased, it must be the first sale of that home
A home that has been substantially renovated and a home built to replace demolished premises.

Am I eligible?

To be eligible for the $15,000 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) has 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 for contracts dated between 1 October 2012 to 30 June 2014
The value of the property must not exceed the First Home Owner Grant Cap of $750,000 for contracts dated on or after 1 July 2014
You have not received a first home owners grant in any State or Territory, unless subsequently 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.

If your contract is dated prior to 1 October 2012, visit the First Home Owner Grant page.

How can I apply?

You can apply for the grant through your financial institution or directly through us, by submitting a First Home Owner Grant (New Homes) Application form (OFH001) (PDF).

Applications lodged with financial institutions will have the grant available for settlement or for the first draw down on contracts to build. For a list of approved agents, visit the Approved agent’s page.

If applying directly with us, the house must be complete and you must be registered on title.

Applications must be lodged within 12 months of completion or settlement of your new home. Your agent (for example, a solicitor or conveyance) can help you lodge your application and documents with us.