First Home Buyers Grant

First home buyers in NSW can receive $15,000. From 1 January 2016 this will be reduced to $10,000.

This is only available for to buy a new home or to build your own new home. The property is required to be worth $750,000 or less.

Properties that are applicable include:

• 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.

There is no grant available for purchasing established houses.

As a condition of the FHOG, buyers will need to occupy the property for a six month continuous period, within 12 months of completion