NSW New Home Buyers Supplement
The NSW New Home Buyers Supplement ceased to apply for contracts entered into on or after 1 July 2010.
First home buyers in NSW who qualify for the First Home Owner Grant and are buying or building a new 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 $7,000 First Home Owner Grant and the Australian Government's First Home Owner Boost. With the NSW Government's New Home Buyers Supplement Scheme, first home buyers of new homes will receive maximum benefits of up to $17,000 for contracts made between 1 October 2009 and 31 December 2009 (inclusive). For contracts made between 14 October 2008 and 30 September 2009 (inclusive), the maximum new home benefit is $24,000.
Both the First Home Owner Grant and the New Home Buyers Supplement are fully funded by the NSW Government.
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 purchasing a newly constructed home and must have entered into a contract between 11 November 2008 and 30 June 2010 (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. Where the home is being purchased, it must be the first sale of that home. A new home includes new units and apartments.
How do I claim the NSW New Home Buyers Supplement?
To apply for the $3000 NSW New Home Buyers Supplement for building a new home or purchasing a newly constructed home, first home owners will need to complete: