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New Home Building and
Investment Property Tips and News

New Home Grant available for Home Owners and Investors

16/3/2016

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Looking to build your 2nd or 3rd home?  Are you considering building an investment property?

There is a lot of talk about first home owners and government grants however, 2nd or 3rd home owners and investors do not miss out either!

All non- first home buyers and investors purchasing homes off the plan or a new dwelling up to $650,000 or vacant land up to $450,000, are eligible for a $5,000 grant. 

Under the NSW New Home Grant Scheme, this $5,000 grant is available now available and was introduced to stimulate the construction of new homes in NSW.

When considering the costs of purchasing a property stamp duty is a factor that needs to be taken into account. However in the Hunter Region this grant goes a long way to compensating the buyer for stamp duty and other related costs. Another great point to remember is that there are no restrictions on the number of times a purchaser can apply for the grant.

Further details about the NSW New Home Grant Scheme can be found here. 
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