Concessions and Benefits Available To First Home Buyers Not Owning Property Anywhere in Australia To Acquire Their First Home In New South Wales is As Follows
$10,000.00 NEW HOMES FIRST HOME GRANT
If you?re a first home buyer and you?re buying or building a new home, you may qualify for a $10,000 grant under the First Home Owner Grant (New Homes) scheme if you purchase date was on or after 1 January 2016.
You can make a claim for the?First Home Owner Grant if you:
Newly constructed home or a substantially renovated home has a total value less than $600,000
Land for building and any dwelling you intend to build has a combined value less than $750,000.
To receive the grant when you buy your home:
You must be an individual, not a company or trust
You must be over 18
You, or at least one person you?re buying with, must be an Australian citizen or permanent resident
Your purchase date must be on or after 1 January 2016.
Generally, you won?t be eligible for the First Home Owner Grant if?you or your spouse:
Have previously owned or co-owned a home in Australia or
Have received an Australian first home owner grant.