Revenue Nsw New Home Grant

New home buyers may be eligible for first home owners grants or concessions in nsw.

Revenue nsw new home grant. Further information on eligibility and application processes for those wishing to access the commonwealth homebuilder grant is available through the new south wales revenue office revenue nsw. The new home grant nhg offered 5 000 towards the purchase of your new home or land. The nsw government recently announced increased thresholds for purchases of new homes and vacant land to build a new home from 1 august 2020. New homes that hadn t been previously occupied.

You can also contact revenue nsw at home builder revenue nsw gov au or call 1300 130 624. The new home grant is available for purchases made before 1 july 2017. You may be eligible to apply for an exemption or reduction of transfer duty charges under fhbas. It applied to homes valued at less than 650 000 at the time of purchase and for land valued at 450 000 or less.

The threshold for existing home purchases remains unchanged. Spec build and where construction commenced on or after 4 june 2020. Homebuilder provides eligible owner occupiers with a grant of 25 000 to build a new home substantially renovate an existing home or buy an off the plan home new home. A new home is one that has not previously been sold or occupied as a place of residence e g.

Your home is newly constructed and has a total value of less than 600 000 the land and the dwelling you intend to build has a combined value of less than 750 000. The nhg was available for.