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1. huntlee.com.au
About the Grant
The NSW New Home Grant Scheme has been
introduced to stimulate the construction of new
homes.
It provides a grant of $5,000 towards vacant
land on which a new home will be built. The
value of the new home must not exceed
$650,000 and the value of the vacant land
must be less than $450,000.
Am I eligible?
The purchaser can be any entity, including
individuals, company or trustee of a trust. It
is available to investors as well as owner
occupiers and there is no requirement for the
purchaser to live in the home.
This grant is NOT available for purchases that
are eligible for a duty exemption or concession
under the First Home New Home Scheme or
First Home Owner Grant (New Homes) Scheme.
Payment
The payment of the grant will
be administered by way of
applying the amount of the new
home grant as a credit
against liability for duty
on the agreement or
transfer.
Any payment will be
made only on completion
of the purchase (ie the
registration of the change of
title).
How to apply
Submit your application together with
agreement or transfer, for stamping.
Applications must be received within three
months of the date of the first execution of the
transfer (where there is no agreement) or the
agreement.
A separate application is required for each
eligible agreement or transfer. The Office
of State revenue may require documentary
evidence to substantiate the claim.
Application forms are available from
www.osr.nsw.gov.au
When do I need to apply
Applications must be made within three months
of the date of execution of the agreement
for sale or the transfer (where there is no
agreement).
Phone 1300 139 814
Web 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.
New Home Grant
Scheme