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Applying for a first home owner grant

When the grant is paid

The grant is paid at different times depending on how and when you apply, and on the type of property that you are building or buying. For this reason, it’s best not to count on using the grant as a deposit.

You do not need a deposit to apply for the grant itself.

Applying through banks and lending institutions

If you have applied through a bank or lending institution, the timeframe for payment is generally:

  • at settlement, for buying a home (including off-the-plan purchases)
  • on the first drawdown of funds, for contracts to build your home
  • on receipt of a final inspection certificate, for building your home as an owner–builder.

Applying to the Office of State Revenue

These are the general timeframes for payment for approved applications lodged directly with the Office of State Revenue.

Type of transaction

When grant is paid

Buying your home—off the plan

When you have a registration confirmation statement showing your name on the title of the property

Buying your home—instalment purchase contracts

When all the following are fulfilled:

  • the contract has been operating for one year
  • you have paid at least 10% of the purchase price or the amount of the grant, whichever is greater
  • you are not in default of the contract
  • you have occupied the home as your principal place of residence

Buying your home—vendor finance contracts

When you own the home under the contract

Buying your home—all other contracts

When you have a registration confirmation statement showing your name on the title of the property

Building your home—building contract

When you have a final inspection certificate

Building your home—owner–builder

When you have a final inspection certificate

In this guide:

  1. Check your eligibility
  2. Understand your obligations
  3. How and when to apply
  4. When the grant is paid

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