New Residents Information
First Home - New Home scheme
The First Home - New Home scheme commenced from 1 January 2012 and provides eligible purchasers 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.
For further details, please refer to the Office of State Revenue (OSR) website at www.osr.nsw.gov.au/grants/fhnh
First Home Owner Grant (New Homes) scheme
The First Home Owner Grant (New Homes) scheme (the Scheme) was established to assist eligible first home owners 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.
For further details, please refer to the OSR website at www.osr.nsw.gov.au/grants/fhog