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New Home Grant Scheme (NSW)
The New South Wales New Home Grant scheme was introduced on 1 July 2012 to stimulate the construction of new homes.
The scheme provides a grant of $5,000 towards the purchase of new homes, homes off the plan and vacant land on which a new home will be built.
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Who can apply for the grant?
You can be a natural person, a company or trustee of a trust.
The grant is available to investors as well as owner occupiers.
Foreign residents can apply for the grant but they would need to meet the requirement of the Foreign Investment Review Board regarding investment in Australia.
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Can I receive the grant on another property?
Yes, there are no restrictions on the number of times you can apply for the grant provided it is for the purchase of another eligible property.
Only one grant will be issued per property. For example, if an off the plan home was purchased and the grant was paid but the home was later sold before completion, the new owners could not apply for the grant.
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