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First Home Owner Grant

Our Conveyancing Team is here to provide you with advice and to answer any questions. We will guide you through the entire process of your transaction.

The First Home Owner Grant is a $7,000 grant and is available to people buying or building their first home. The following is a summary of some of the requirements which must be met:

Permanent resident or Australian citizen
At least 18 years of age
Applicants and/or their spouse or partner have not owned a residential property prior to July 2000.
Applicants and/or their spouse have not owned a residential property and occupied that property for a continuous period of at least 6 months.
Applicant must occupy the home as their principal place of residence for a period 6 months within 12 months of settlement
Total value must not exceed $835,000

There are no income or assets tests. In addition to the $7,000 grant, you may also be eligible for stamp duty savings if you are buying a NEW home or land to build your home.

Purchase Price
($)
Usual Duty
($)
First Home
Plus Duty ($)
Savings
($)
250,000
7,240
0
7,240
300,000
8,990
0
8,990
350,000
11,240
0
11,240
400,000
13,490
0
13,490
450,000
45,740
0
15,740
500,000
17,990
0
17,990

Our aim is to provide you with an expert, efficient and friendly service, and to keep you informed about your transaction at all times.

For a hassle free property service, please contact our Conveyancing Team on (02) 9521 6000

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lisa stewart

161 Oak Road Kirrawee NSW 2232
PO Box 88 Sutherland NSW 1499 | DX4512 Sutherland
P: (02) 9521 6000 | F: (02) 9521 4168
E: mail@watkinstapsell.com.au | W: www.watkinstapsell.com.au

 

Lisa Stewart - Licensed Conveyancer
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If you have a legal issue or question, just give us a call on 9521 6000.
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