NSW New Home Buyer Incentives
Considering buying property in Googong or another NSW area?
Home buyer incentives offered by the NSW government include grants and stamp duty reductions.
New Home Grant of $5,000 from 1st July 2012
The NSW Government New Home Grant Scheme offers a $5000 grant to all non-first homebuyers who purchase a new home valued up to $650,000.00 from 1 July 2012. The grant is targeted at all non-first home purchasers and is available to investors as well as owner occupiers. It will be payable by reduction of stamp duty or a refund once stamp duty has been paid. It also applies to people who purchase vacant land valued up to $450,000.00 with the intention of building a new home.
First Home Owners Grant will increase from $7,000 to $15,000 from 1st October 2012 for newly built homes.
From 1 October 2012 to 31 December 2013 the NSW First Home Owners Grant will increase from $7,000.00 to $15,000.00, although the grant will only be available to purchasers of newly built homes costing up to $650,000.00. The First Home Owner Grant will reduce to $10,000 in 2014. The current $7,000.00 First Home Grant for existing homes will no longer be available for Contracts dated after 30 September 2012.