First Home Buyers - Overview

First Home Owner Grant
The First Home Owner Grant provides eligible first home buyers with a $7000 grant. This grant is not means-tested nor is it restricted by the price of the property for contracts entered into prior to 1 January 2010.

For contracts entered into on or after 1 January 2010, the grant will only be payable where the price of the property or construction of the home does not exceed $750,000. An exception to this requirement is where the contract relates to a home that is on, or to be built on, primary production land.

First Home Bonus

1 July 2010 to 30 June 2011 (contract date)
If you are eligible to receive the Grant, you may also be entitled to receive an additional payment of  $13,000 (for new homes only), known as the First Home Bonus (the Bonus).

1 July 2009 to 30 June 2010 (contract date)
If you are eligible to receive the Grant, you may also be entitled to receive an additional payment of $2,000 (for established homes) or $11,000 (for new homes only).

To be eligible to receive the Bonus, the purchase price of the property must not exceed $600,000.

For more information please visit the State Revenue Office website.