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Home Buyer Benefits

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View the current Home Buyer Benefits provided by the NSW government.

It can be confusing knowing what your entitlements are when home owner grants are frequently updated and differ depending on State or Territory. So we have listed home buyer benefits available in NSW and the ones that have been superseded.

First Home Owners Grant (New Homes)
The First Home Owner Grant (New Homes) scheme was established to assist eligible first home owners, over the age of 18, to purchase a new home or build their home by offering a $15,000 grant. The Scheme applies to new homes only and will reduce to $10,000 on 1 January 2016. The property must not exceed the First Home Owner Grant Cap of $750,000 for contracts dated on or after 1 July 2014.

First Home New Home Scheme
The First Home – New Home scheme commenced from 1 January 2012 and provides eligible buyers with exemptions from transfer duty on new homes valued up to $550,000 and concessions for new homes valued between $550,000 and $650,000.

Eligible purchaser buying a vacant block of residential land to build their home will pay no duty on vacant land valued up to $350,000, and will receive concessions for vacant land valued between $350,000 and $450,000. These rates apply from 1 July 2012.

New Home Grant Scheme
The NSW New Home Grant scheme was introduced on 1 July 2012 to stimulate the construction of new homes. The value of the new home must not exceed $650,000 and the value of vacant land must not exceed $450,000.

The scheme provides a grant of $5,000 towards the purchase of new homes, homes off the plan and vacant land on which a new home will be built. Every buyer and transferee are limited to one grant per financial year and only one grant will be issued per property.
Example of a $550,000 purchase on a new home or off the plan property:

Purchase Duty: $20,240.00
Duplicate: $10
Transfer: $10
Total Payable: $20,260.00
Less NSW New Home Grant: $5,000.00
Your Liability: $15,260.00[/vc_column_text][pro_ad_display_adzone id=”1640″][vc_column_text]


Home Buyer Benefits No Longer Available

First Home Plus Scheme
Replaced by the First Home New Home scheme on 1 Jan 2012
First Home Plus One Scheme
Replaced by the First Home New Home scheme on 1 Jan 2012
NSW Home Builders Bonus
Ceased to apply for contracts entered into on or after 1 Jul 2012
The $7,000 First Home Owner Grant
Ceased to apply where the eligible transaction is dated on or after 1 Oct 2012
The $7,000 First Home Owner Boost
Ceased to apply for contracts entered into on or after 1 Jan 2010
The NSW Housing Construction Acceleration Plan (HCAP)
Ceased to apply for contracts entered into on or after 1 Jul 2010
The $3,000 NSW New Home Buyers Supplement
Ceased to apply for contracts entered into on or after 1 Jul 2010
The $7,000 Regional Relocation Home Buyers Grant
Closed on 30 Sep 2014


Note: The above information has been sourced from the NSW Government Office of State Revenue website. Please visit the below website for terms, conditions & for current information at the time you are applying. You can apply for a grant via your financial institution or directly through the NSW OSR website. Further information & eligibility criteria can be found at http://www.osr.nsw.gov.au/grants[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]

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Testimonials

Building a New Living Home has given me confidence that I can easily embark on building a home rather than buying a place, and get a better house/ home rather than a small flat. But you have to choose a builder that KNOWS how to build, that builds exactly how the design dictates. A builder who can deliver what they say, when they say. A house that won’t look daggy in years to come is important too, and New Living Homes did just that. The overall investment has worked out well too, growing in value is a short period of time.

G.Pace

”The idea of our brand new home is still really sinking in as we never dreamt of building or ever own. A VERY big thank you to New Living Homes for giving us a brand new home! You’ve made our dreams real!”- Grevillea 4.1, Elegance Facade

L & M King

We would just like to say a massive thank you once again for all your help with the house. We moved in on the weekend and we are loving it ! So thank you for being part of the team that made our dream come true.

Belinda, Jordan Springs, Acacia 4 Urban

I love that my new home is mine!!!! There is nothing I don't love about it. The finishes are great and it is just perfect! I love showing it off to people and all of my friends and family love it and always compliment the design and workmanship.

B.M - Spring Farm  

‘’From the very beginning, our experience with New Living Homes has been nothing but amazing. From our very first meeting at Spring Farm, to the accounts team, to the pre-construction team, and our Construction Manager on site, nothing was ever an issue, or a question too stupid’’.

Rebecca & Steve - Jordan Springs 

‘’I have been extremely happy with my experience with New Living Homes and have told anyone and everyone about our build. Everything went smoothly and yes there were a few problems but our site manager sorted them out as quickly as he could.. Throughout all the build, nothing was too much trouble for our site manager’’

Debbie & Brian - Jordan Springs 

After hearing some horror stories of people building their homes we were fairly nervous to see how it would all
unfold however from the very first dealing with New Living Homes we could not fault a single thing. I would like to
give special mention to Emma from the Brooks Reach Display who was very accommodating with us pestering her
with what seemed like every week as we would be checking different things in the display home.

Tim & Kara - Flinders

My experience was excellent. This was the second house I have built in 4 years and the whole experience was a pleasure from start to finish. All of the sales team were very helpful and very responsive to each and every enquiry I had.

Damian & Lauren - Spring Farm 

Building with New Living Homes has been a pleasant and enjoyable journey so far, and we know we have Sandra to thank for this. Her customer service is second to none, and has made all the difference in building this time round. My husband and I just wanted to make sure recognition and praise was given where it is due. Thanks again for everything Sandra! We are looking forward to more builds with NLH. 

D.E, Marsden Park 

I always thought that building a house in Australia would be a nightmare like everyone told me but it was more than a pleasure as I was never troubled about anything. The process was as smooth as a butter.

Thank you guys, its because of your amazing team work, good flow of communication and the zeal to work hard to let people achieve their dreams, has gotten us what we really wanted. -

Monika & Mayur, Elara 

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