Are you Eligible for the First Home Owners Grant ?

From 1 July 2017, the First Home Owner Grant Cap for new home purchases is $600,000, for a property where you enter into a contract to build or are an owner builder the total value cannot exceed $750,000.

For eligible transactions made on or after 1 January 2016, the grant amount is $10,000.

The grant amount is determined by the date of the contract to purchase a new home or contract to build a home.

For an owner builder, the eligible date is when the building work commences.

What classifies as a ‘new’ home?

A new home is a home, or granny flats, that has not been previously occupied or sold as a place of residence.

A new home includes a home that has been substantially renovated and a home built to replace demolished premises.

If you would like more information about Hi-Tech Homes and to find out if you are eligible for the First Home Owners Grant, please call our friendly sales team on 02 4774 8388.

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