NORTHERN TERRITORY

GUIDE TO FIRST HOME OWNER ASSISTANCE

LEARN ABOUT THE ASSISTANCE

The Northern Territory First Home Owner Grant (NT FHOG) is a NT state government initiative to help first home owners to get their ‘new’ first home sooner. It is an amount of money paid by the NT Government to eligible first home owners.

Learn more about the NT FHOG as well as other NT government assistance for first home buyers below.

Currently, the NT FHOG Scheme provides a grant of $26,000 to eligible first home buyers. This grant is only available to first home buyers who enter into a contract to construct or purchase a new home.

Important Tip: Grants and Concessions tend to change at short notice, therefore please double check with your State government what is available in your area before buying your first home!

First home buyers are generally eligible for the NT FHOG if they meet the following eligibility criteria:

  • All applicants must be natural persons (that is, not a company or a person acting as a trustee)
  • The transaction must be the purchase or construction of a new home
  • At least one applicant needs to be at least 18 years of age
  • At least one applicant must be an Australian citizen or permanent resident of Australia
  • All applicants have never held a relevant interest in a residential property, either jointly, separately or with some other person, before 1 July 2000 in any State or Territory of Australia
  • All applicants have not occupied a residential property in Australia that was owned by one of the applicants on or after 1 July 2010
  • All applicants must not have previously received the First Home Owner Grant in any state or territory of Australia
  • At least one applicant has to occupy the home as their principal place of residence for a continuous period of at least six months within 12 months of the completion date of the eligible transaction
  • At least one applicant will move into the home within one year of purchase or, if constructing a new home, within one year of completing construction
  • The consideration for or the value of the home must be under the transaction eligibility threshold (no threshold currently exists for FHOG eligibility in NT)

Some limited exemptions to this criteria exist. See the NT Department of Treasury & Finance website for details or ask your Mortgage Broker.

According the to NT FHOG application form, the home must never have been previously lived in or sold as a place of residence to satisfy being ‘new’.

If you are claiming the NT FHOG on the purchase of a ‘new’ home, your application must be accompanied by a completed Vendor declaration.

A substantially renovated home may be considered a ‘new’ home. For more on the substantially renovated definition visit the NT Department of Treasury & Finance website.

Generally when you buy a property you are required to pay a tax called stamp duty. However, for eligible NT first home buyers, there are circumstances where they may receive a discounted (concessional) stamp duty tax . This is called the First Home Owner Discount (FHOG).

The FHOD provides eligible first home buyers who purchase an ‘established’ home with a full stamp duty concession on the initial $500,000 value of the home and a partial discount where the home is valued between $500,001 and $650,000.

Other NT government schemes design to assist with home ownership for first timers include:

  • Household Goods Grant Scheme – a grant of up to $2,000 for the purchase of household goods for eligible recipients of the FHOG.
  • Home Renovation Grant – a $10,000 grant for eligible recipients of the stamp duty FHOD.

For eligibility criteria or other queries please visit the NT TRO website or enquire to speak with an FHBA Coach today.

Our talented FHBA Coaches can help with assessing your eligibility criteria and assisting you with your application with any of these government incentives.

Simply complete the inquiry form at the bottom of this page for a free Discover Session with an FHBA Coach!

As Australia’s premier first home buyer organisation we have access to hundred’s of FHOG eligible homes, from house & land packages through to townhouses, apartments and more.

Called FHBA New Homes, our new homes search service involves us connecting you with leading property developers, builders and real estate experts to help you find and secure your first home. Meanwhile, your FHBA Coach stay’s by your side every step of the way.

Plus, if you purchase your FHOG eligible home through our FHBA New Homes service you could be eligible for the FHBA 50 Rebate (in addition to any government entitlements you may be eligible for such as the FHOG!).

If you haven’t been introduced to FHBA Coach yet send us an email ([email protected]) or complete the enquiry form at the bottom of the page and one of our friendly FHBA Coaches will be in touch to provide you with a free Discovery Session.

There is no FHOG for NT first home buyers purchasing an ‘established’ dwelling, however, you may still be eligible for stamp duty concessions outlined above.

Our FHBA Coaches can help first home buyers with ‘established’ property purchases – get in touch today for a free Discovery Session!

CHECK ELIGIBILITY FOR GOVERNMENT INCENTIVES

FHBA’s new & innovative Eligibility Estimator allows you to self-estimate how your savings are tracking and whether you have enough saved to qualify for a home loan. Upon completion, we will instantly send you a complimentary Australian Property Monitors Postcode Report (Valued at $39.95)

Check how your tracking in 60 seconds!

Disclaimer: The FHBA Eligibility Estimator is intended as an approximate guide only. It uses a mixture of the data you input, median property prices from APM PriceFinder and estimated purchasing costs. You should not rely on the results of the Eligibility Estimator. Please contact an FHBA Coach who can arrange a more comprehensive estimate and advice based on your personal circumstances from a licensed professional.

We Need A Few Of Your Details

To see if your current savings are enough to buy in your selected suburb and to send you a complimentary FHBA Australian Property Monitors (APM) comprehensive postcode report for your selected suburb

Do you wish to capitalise LMI? i.e. add it to your loan (if your deposit is less than 20%)

Deposit Guide

  • 5%

    Deposit Amount:

    Lenders Mortgage Insurance:
    (Indicative Only)

    Stamp Duty:
    (Indicative Only)

    Mortgage Reg. Fee:

    Transfer Fee:

    Other Costs: $ 3,000

    Total Deposit + Costs Required:

    Your Current Savings:

    First Home Owner Grant:

    Total Funds Available:

    Surplus / (Deficit):

    The following amount will be capitalised onto the loan
    Lenders Mortgage Insurance:
    (Indicative Only)

  • 10%

    Deposit Amount:

    Lenders Mortgage Insurance:
    (Indicative Only)

    Stamp Duty:
    (Indicative Only)

    Mortgage Reg. Fee:

    Transfer Fee:

    Other Costs: $ 3,000

    Total Deposit + Costs Required:

    Your Current Savings:

    First Home Owner Grant:

    Total Funds Available:

    Surplus / (Deficit):

    The following amount will be capitalised onto the loan
    Lenders Mortgage Insurance:
    (Indicative Only)

  • 20%

    Deposit Amount:

    Lenders Mortgage Insurance:
    (Indicative Only)
    Nil

    Stamp Duty:
    (Indicative Only)

    Mortgage Reg. Fee:

    Transfer Fee:

    Other Costs: $ 3,000

    Total Deposit + Costs Required:

    Your Current Savings:

    First Home Owner Grant:

    Total Funds Available:

    Surplus / (Deficit):

    The following amount will be capitalised onto the loan
    Lenders Mortgage Insurance:
    (Indicative Only)
    Nil

5%

10%

20%

Deposit Amount

Lenders Mortgage Insurance
(Indicative Only)

NIL

Stamp Duty
(Indicative Only)

Mortgage Reg. Fee

Transfer Fee

Other Costs

$ 3,000

$ 3,000

$ 3,000

Total Deposit + Costs Required

Your Current Savings

First Home Owner Grant

Total Funds Available

Surplus / (Deficit)

The following amount will be capitalised onto the loan

Lenders Mortgage Insurance
(Indicative Only)

NIL

ARE YOU READY TO GET STARTED?

Do you want to know more about how FHBA can assist you in achieving your Great Australian Dream of home ownership?

FHBA 50 REBATE

Giving back to eligible first home buyers

SEARCH FHOG HOMES

We have 500 + projects to choose from/span>

ESTABLISHED HOMES

Get stamp duty exemptions or concessions

TALK TO AN EXPERT

At FHBA we are passionate about helping aspiring first home buyers purchasing their first home.

We can help you with your first home search, home loan needs, grant applications and/or any questions you may have.

Complete the form below for an obligation free Discovery Session with an FHBA Coach!

Disclaimer: The information above is general in nature and should not be solely relied on. The source of this information was the NT TRO website. This factual information was true at the time of writing (last updated 3 July 2017). FHBA recommends you speak with a licensed professional about your circumstances so you can find out if you are eligible for any Government assistance. FHBA does not recommend that you buy a new property simply so you can receive Government assistance. For more information on using our website please read our full Terms & Conditions policy.

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