huntlee.com.au First Home Owner (New Home) Grant How much is the grant? The First Home Owner Grant is fully funded by the NSW Government and administered by the Office of State Revenue (OSR). First home owners who build a new home where the contract date (‘eligible transaction commencement date’) is on or after 1 October 2012, are eligible for the $15,000 grant. This grant will be reduced to $10,000 on 1 January 2016 for eligible contracts that have a commencement date on or after 1 January 2016. Am I eligible? The grant is available to individuals only (not companies or trusts). At least one applicant must be a permanent resident or Australian citizen and each applicant must be over the age of 18. The total value of the property being purchased must not exceed $650,000. Please check with the OSR’s website for full details. How to apply Apply through OSR. Applications can only be lodged after completion of construction if building, and you are registered on the title. Applications must be lodged within twelve months of completion or settlement of your property. First Home – New Home Scheme This scheme is an initiative of the NSW Government that provides exemptions or concessions on transfer duty for eligible NSW first home buyers. This includes vacant land on which you intend to build your first home. Eligible purchasers 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. What is the First Home Buyers Cap A $650,000 cap will apply to all new home transactions where the contract date is on or after 1 October 2012. Applicants who build a new home which has a total value in excess of this amount will not be eligible. More information: Phone 1300 130 624 Website www.osr.nsw.gov.au Please note that whilst every care is taken to ensure that the contents of this document are correct, this information should be used as a guide only and purchasers should make their own enquiries. First Home Owners Grant Schemes

First home owners grant schemes

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huntlee.com.au

First Home Owner (New Home) Grant

How much is the grant?

The First Home Owner Grant is fully funded by the NSW Government and administered by the Offi ce of State Revenue (OSR).

First home owners who build a new home where the contract date (‘eligible transaction commencement date’) is on or after 1 October 2012, are eligible for the $15,000 grant.

This grant will be reduced to $10,000 on 1 January 2016 for eligible contracts that have a commencement date on or after 1 January 2016.

Am I eligible?

The grant is available to individuals only (not companies or trusts).

At least one applicant must be a permanent resident or Australian citizen and each applicant must be over the age of 18.

The total value of the property being purchased must not exceed $650,000.

Please check with the OSR’s website for full details.

How to apply

Apply through OSR. Applications can only be lodged after completion of construction if building, and you are registered on the title.

Applications must be lodged within twelve months of completion or settlement of your property.

First Home – New Home Scheme

This scheme is an initiative of the NSW Government that provides exemptions or concessions on transfer duty for eligible NSW fi rst home buyers. This includes vacant land on which you intend to build your fi rst home.

Eligible purchasers 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.

What is the First Home Buyers Cap

A $650,000 cap will apply to all new home transactions where the contract

date is on or after 1 October 2012.

Applicants who build a new home which has a

total value in excess of this amount will not be eligible.

More information:

Phone 1300 130 624

Website www.osr.nsw.gov.au

Please note that whilst every care is taken to ensure that the contents of this document are correct, this information should be used as a guide only and purchasers should make their own enquiries.

First Home Owners Grant Schemes