First Home Buyers

If you are buying or building your first home, you may be eligible for benefits under the First Home Owner Grant Scheme and/or the First Home Plus Scheme.

The First Home Owner Grant Scheme is a joint Australian and NSW Government initiative offering eligible NSW first home buyers a $7000 grant. The grant applies to residential dwellings only and does not apply to vacant land.

The scheme is administered by the Office of State Revenue to help first home buyers in NSW to purchase or build their first home.

Eligible first home owners can receive the grant regardless of their income, the area in which they are planning to buy or build, or the value of their first home. The grant is not means tested and no tax is payable on it.

Eligible first home buyers will receive an exemption on transfer duty on homes valued up to $500,000.00 and concessions on duty for homes valued between $500,000.00 and $600,000.00.

For more information about the First Home Owners Grant, visit our links page or email us at firsthomeowner@pauldenny.com.au