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.

News credit : https://www.nsw.gov.au/living-nsw/housing-and-property/first-home-buyer-grant-and-assistance