First Home & New Home Grants


First Home – New Home scheme

First home - New Home Scheme
The First Home – New Home scheme commenced from 1 January 2012 and provides eligible purchasers with exemptions from transfer duty on new homes valued up to $550,000 and concessions for new homes valued between $550,000 and $650,000.

Eligible purchaser buying a vacant block of residential land to build their home will pay no duty on vacant land valued up to $350,000, and will receive concessions for vacant land valued between $350,000 and $450, 000.

These rates apply from 1 July 2012. For more info on eligibility click here.

First Home Owner Grant (New Homes) scheme

First Home Owner Grant SchemeThe First Home Owner Grant (New Homes) scheme (the Scheme) was established to assist eligible first home owners 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

For more info on eligibility click here.


New Home Grant scheme

New Home Grant Scheme


The New South Wales New Home Grant scheme was introduced on 1 July 2012 to stimulate the construction of new homes.

The scheme provides a grant of $5,000 towards the purchase of new homes, homes off the plan and vacant land on which a new home will be built.







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