For more information visit our website at http://www.lwppropertygroup.com.au/our-communities/huntlee/home

1. 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