First Home Buyers Grant

First-Home Buyers Grant Northern Territory

As a first home buyer in the Northern Territory, you may be entitled to a stamp duty discount of up to $15 515.50 as part of the First Home Owner Concession. This concession represents the duty saved on the first $385,000 of the property’s purchase price.

First Home Buyers Grant and the First Home Owner Concession applications

Your local X Inc mortgage broker can help you find the right home loan, get your first home owner concession, determine your eligibilty for the first home buyers grant and even help you complete paperwork. Simply email us the form on this page or call at any time on 13 XINC or direct on +61 2 9249 3739 and we will contact you within 2 business hours.

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How much do I get under the First Home Owner Concession?

First Home Owner Concession - Eligibility Criteria

To qualify for the First Home Owner Concession you must meet the following criteria:

1. Applicants must be natural persons – that is, not a company or a trust.
2. At least one (1) applicant must be eighteen (18) years of age when the contract is entered into.
3. At least one (1) applicant must be an Australian citizen or permanent resident.
4. Applicants must be acquiring the property in their own right, not in any other capacity such as an agent or trustee.
5. Applicants must be acquiring the whole of the land on which the home is or will be built.
6. The applicant and their spouse or de facto partner (whether or not they are also an applicant) must not have previously received the FHOC.
7. The applicant and their spouse or de facto partner (whether or not they are also an applicant) must not at any time have held a relevant interest in land in Australia on which there was a home that was used as their place of residence.
8. All applicants must occupy the home as their principal place of residence for a continuous period of at least six (6) months commencing:

• for an existing home, within twelve (12) months after the date the contract was entered into, or
• for a home that is to be constructed on the land including a home purchased ‘off-the-plan’, the earlier of: (i) three (3) years after the purchase contract was entered into; or (ii) one (1) year of the home being built.

Northern Territory Revenue Office

The Northern Territory Revenue Office fully funds and administers the first home buyers grant and other NT home buyer concessions, you can contact the Territory Revenue Office on (08) 8999 6683.

specific first home buyers Information

For more information specific to first home buyers, visit these pages:

• Fees, Charges and Loans information
• How much can I borrow?
• Deposit - what is the minimum I need to buy a house?
• Legal processes, inspections and checks
• Finance & Home Loans Tips
• Honeymoon rates - are they good value?

First Home Buyers | ACT | New South Wales | Victoria | Queensland | Western Australia | Northern Territory | Tasmania | South Australia