The first home owner grant is available to eligible applicants who are buying or building their first home. First home owners purchasing or building a new home may be eligible to receive a grant of up to $10,000. There are no income or assets tests to qualify for the first home owner grant, however the total value of the home must not exceed $750,000 if the property is south of the 26th parallel, or $1,000,000 if north of the 26th parallel. First home owners buying an established home up to the value of $530,000 will still be able to apply for the concessional first home owner rate of duty.
Applicants may apply for the First Home Owner Grant through the Department of Finance, Office of State Revenue, or through an Approved Agent (e.g. Bank). The First Home Owner Grant application form must be completed by all applicants prior to lodgement of their application.
Applicants must meet eligibility criteria relating to age, Australian citizenship (or permanent residency status), prior property ownership and occupancy of the home purchased.
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