First Home Owners Grant Northern Territory

First home buyers may be worried that soaring prices in Australia’s property market will make it harder than ever for them to get into real estate. Thankfully, there’s a number of options to help first home buyers take that first step.

The first home owner grant (FHOG) is a one-off payment made to eligible first home buyers to assist in buying or building a new property for use as their primary place of residence. The grant differs slightly between states, so below we’ve broken down everything you need to know if you’re considering the grant in the Northern Territory.

The first home owner grant is a payment of up to $10,000 to support first home owners buying or building a new home. A new home is one that has never been previously lived in or sold as a place of residence.

Your income and the price of your home don’t affect the FHOG. 

A one-off payment of up to $10,000 is made to eligible applicants for the first home owner grant. 

First home owners buying or building a new home as their primary place of residence may be eligible for the grant. 

Applicants must be over 18 years of age at the commencement date of the eligible transaction, and at least one applicant must be an Australian citizen or permanent resident. 

Applicants and their spouse or de facto partner must not have previously received a first home owner grant in Australia, or occupied a residential property they owned or acquired a relevant interest in. 

The application must be completed and lodged alongside all supporting documents within 12 months of the completion date of the eligible transaction. 

To apply for the first home owner grant you must fill out and lodge the application form and supporting documents. 

Anyone who will be included on the property’s title must be named on the application. If you have a spouse (or de facto) who will not own any part of the home, you must still include them as a non-applicant spouse.

If you are getting financial help to purchase or build your home, your application should be lodged with your financial institution. 

If you are not getting finance, you can submit your application directly to the Territory Revenue Office. 

First home buyers may also be eligible for the Territory Home Owner Discount. The scheme is currently closed to applications but will be considered should you have missed the deadline due to COVID-19. The contract to purchase the home or land must have been signed between 8 February 2019 and 30 June 2021.

If you are building a home, you may be eligible for the BuildBonus grant. You must have entered into a contract to buy or build a home, or have started construction as an owner-builder between 8 February 2019 and 1 April 2021 to be eligible.

• New South Wales
  
• Victoria
  
• Queensland
  
• Tasmania
• Western Australia     
• South Australia