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About the Grant

The NSW New Home Grant Scheme has been introduced to stimulate the construction of new homes.

It provides a grant of $5,000 towards vacant land on which a new home will be built. The value of the new home must not exceed $650,000 and the value of the vacant land must be less than $450,000.

Am I eligible?

The purchaser can be any entity, including individuals, company or trustee of a trust. It is available to investors as well as owner occupiers and there is no requirement for the purchaser to live in the home.

This grant is NOT available for purchases that are eligible for a duty exemption or concession under the First Home New Home Scheme or First Home Owner Grant (New Homes) Scheme.

Payment

The payment of the grant will be administered by way of applying the amount of the new home grant as a credit against liability for duty on the agreement or transfer.

Any payment will be made only on completion of the purchase (ie the registration of the change of title).

How to apply

Submit your application together with agreement or transfer, for stamping.

Applications must be received within three months of the date of the fi rst execution of the transfer (where there is no agreement) or the agreement.

A separate application is required for each eligible agreement or transfer. The Offi ce of State revenue may require documentary evidence to substantiate the claim.

Application forms are available from www.osr.nsw.gov.au

When do I need to apply

Applications must be made within three months of the date of execution of the agreement for sale or the transfer (where there is no agreement).

Phone 1300 139 814

Web www.osr.nsw.gov.au

Please note that whilst every care

is taken to ensure that the contents

of this document are correct, this

information should be used as a

guide only and purchasers should make

their own enquiries.

New Home Grant Scheme