FIRST HOME BENEFITS

Updated November 12th 2013

The provision of grants to first home buyers of new residential dwellings has never been better with the various schemes offering benefits of up to $41,990.

  • NSW First Home Owners Grant is a $7,000 cash benefit available to all first home buyers of their main residence.
  • NSW First Home Plus entitles first home buyers an exemption on stamp duty for all purchases under $500,000.
  • NSW New Home Buyers Supplement is available between 11 November 2008 and 30 June 2010 and provides a $3,000 cash benefit for building a new home or purchase of a newly constructed home.
  • First Home Owner Boost recipients will receive a cash benefit of $14,000 for contracts for the purchase of new residential homes entered into between 14 October 2008 and 30 September 2009 and $7,000 for contracts entered into between 1 October 2009 and 31 December 2009.