First Home Owners Grant

The NSW Government provides eligible purchasers with a $7,000.00 grant to buy their first home. The value of the home must not exceed $750,000. In addition to the Grant a further Supplement has also been introduced by the NSW government for purchasers of a newly constructed home. A summary of the Grant and Supplement is set out below:

Purchasing established home

Date of Contract	Grant	Supplement	Total
31 December 2009 – TBA	$7,000	Nil	$7,000

Purchasing newly constructed home

Date of Contract	Grant	Supplement	Total
31 December 2009 – 30 June 2010	$7,000	$3,000	$10,000
1 July 2010 - TBA	$7,000	Nil	$7,000

Do I Qualify?

To be eligible for the Grant and Supplement you must satisfy a number of requirements including:

		At least one applicant must be an Australian Citizen or permanent resident.
		Each applicant must be at least 18 years of age.
		Each applicant and their spouse must not have previously owned residential property in Australia before July 2000.
		Each applicant and their spouse must not have previously owned and occupied a property in Australia (at any time) for a continuous period of 6 months.
		One applicant will occupy the property as their principal place of residence for a continuous period of six months within 12 months of settlement of the purchase.

keira conveyancing will advise you if you meet the eligibility requirements of the Grant and Supplement and assist you to lodge these documents with the Office of State Revenue. Contact Us Now.

Do I have to pay stamp duty?