FIRST HOME BUYERS

The government has announced changes to the first home owner grant. The changes will apply to eligible transactions between 20 November 2023 and 30 June 2025.

​

First homeowners are expected to be able to apply for the increased grant from the first week of January 2024.

 

More information will be available shortly.

To be eligible for the grant:

• You must be at least 18 years of age.

• You must be an Australian citizen or permanent resident (or applying with someone who is).

• You or your spouse must not have previously owned property in Australia that you lived in.

• You must be buying or building a brand new home.

• The value of the home including the land is less than $750,000.You must move into the new home as your principal place of residence within 1 year of the completed transaction and live there continuously for 6 months.