Is there assistance for first home buyers?

Oct 10, 2022, 16:46 PM
Title : Is there assistance for first home buyers?

Yes. Eligible first home buyers will receive assistance of $10,000.

You will be eligible to apply if you;

  • are buying or building your first home, and 
  • are an Australian citizen or permanent resident, 
  • intend to make the home your principal residence, and 
  • start living in the home within a reasonable time.

The payment will be the same regardless of your income or of the area in which you are buying.

It does not matter if you are buying a new or established home. The benefit will only be paid for the purchase of your principal place of residence - not for a holiday house or investment property.

The payment will be available if you enter into a binding contract to buy an existing home or build a new home. It will also be available to owner builders.

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