FIRST HOME OWNER GRANT
The First Home Owner Grant (New Homes) replaced the First Home Owner Grant on 1 January 2012. First home owners are now able to apply for a grant of $15,000 if they purchase or build a new home and the Contract Date is on or after 1 October 2012. The Grant will reduce to $10,000 on 1 January 2016 for eligible transactions which have a contract date on or after 1 January 2016.
If you are an eligible first home owner, you may be able to receive the grant regardless of your income or the area in which you are planning to build or buy. There may, however, be a cap based on the value of your new home.
Both schemes are administered through the NSW Office of State Revenue (OSR).
Conditions apply for eligibility for both of these schemes.