first home buyer grants - ibuildnew · new home
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FIRST HOME BUYER GRANTS
QUICK GUIDE:
THE SIMPLE GUIDE
August 2015
Type of dwelling & value Grant amount Signed contract date Duty concessions
New Home only <$750,000 $10,000 From 1st July 2013
Up to 50% discount (new or established homes up to the value of $600,000 on or after 1st Sept 2014)
New home <$750,000 $10,000 From 1st Jan 2016 Exemption: New homes up to $550,000 and vacant land valued up to $350,000Concessions: New homes valued between $550,000 and $650,000 and vacant land between $350,000 and $450,000
New Home <$750,000 $15,000 1st Jul 2014 - 31st Dec 2015
NSW
VIC
FIRST HOME BUYER GRANTSQUICK GUIDE:
THE SIMPLE GUIDE
New Home <$750,000 (if south of the 26th parallel of south lattitude)New Home <$1,000,000 (if north)
$10,000 From 25th Sept 2013
Exemption: If house value is less than $430,000.Concessions: If house value is between $430,000 and $530,000
Established Home <$750,000 (if south of the 26th parallel of south lattitude)New Home <$1,000,000 (if north)
$3,000From 25th Sept 2013 (note: this will be ending soon. Refer to State Revenue Office website for updates)
New Home <$575,000 $15,000 From 1st Jan 2014 Ended 30 Jun 2014.
New Home <$750,000 $15,000 From 12th Sept 2012 Concessions: If house value is under $550,000
New Home (uncapped) $20,000 Until 31st Dec 2015
WA
SA
QLD
TAS
New Home <$750,000 $12,500 From 1st Sept 2013
Concessions:July-Dec 14: If value less than $540,000Jan-Jun 15: If value less than $550,000Jul-Dec 15: If value less than $560,000
New Home (uncapped) $26,000 From 1st Jan 2015
Information for this document was sourced from the relevant State Revenue office websites, and is correct as at 24th August 2015. As these details are subject to change, please refer to your relevant State Revenue office website for the latest information.
ACT
NT
Refer to relevant State Revenue Office for other eligibility requirements: http://www.sro.vic.gov.au/first-home-owner http://www.osr.nsw.gov.au/grants/fhoghttp://www.finance.wa.gov.au/cms/uploadedFiles/_State_Revenue/FHOG/FHOG_Fact_Sheet.pdfhttp://www.finance.wa.gov.au/cms/uploadedFiles/_State_Revenue/Duties/First_Home_Owner_Rate_Of_Duty.pdfhttp://www.revenuesa.sa.gov.au/generic-pages/i-am-a-first-home-buyerhttps://greatstartgrant.osr.qld.gov.au/index.php?s=1http://www.sro.tas.gov.au/http://www.revenue.act.gov.au/home-buyer-assistance/first-home-owner-granthttp://www.revenue.act.gov.au/home-buyer-assistance/home-buyer-duty-concessionhttp://www.treasury.nt.gov.au/TaxesRoyaltiesAndGrants/HomeOwnerIncentives/FirstHomeOwnerGrant/Pages/default.aspx