NSW New Home Buyers Supplement; Extra $3000 for Buying or Building a New Home for Contracts Made between November 11, 2008 and November 10, 2009

Daily Examiner (Grafton, Australia), December 5, 2008 | Go to article overview

NSW New Home Buyers Supplement; Extra $3000 for Buying or Building a New Home for Contracts Made between November 11, 2008 and November 10, 2009


FIRST home buyers in NSW who qualify for the First Home Owner Grant and are buying or building their first home will be eligible for an additional payment known as the NSW New Home Buyers Supplement.

The $3000 New Home Buyers Supplement is in addition to the $7000 First Home Owner Grant and the Australian Government's New Home Buyers Supplement Scheme, first home buyers of new homes will receive maximum benefits of up to $24,000.

Both the First Home Owner Grant and the New Home Buyers Supplement are fully funded by the NSW Government.

Eligibility

Applicants for the NSW New Home Buyers Supplement must meet the same eligibility criteria as those for the First Home Owner Grant. They must be building a new home or buying a newly-constructed home and must have entered into a contract between November 11, 2008 and November 10, 2009 (inclusive).

A new home is a home which has never been occupied as a place of residence, including occupation by the builder, a tenant or other occupant. …

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