NORTHERN TERRITORY GUIDE TO FIRST HOME OWNER GRANT 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.
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How much is the NT FHOG?
Currently, the NT FHOG Scheme provides a grant of $10,000 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!
Who is eligible for the NT FHOG?
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.
What is considered a 'new' home?
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.
Are there any other entitlements I might be eligible for?
Generally speaking, 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 (FHOD).
If you plan to buy a house & land package, you may qualify for an exemption on stamp duty, called the House & Land Package Exemption (HLPE). You must purchase the package from a building contractor in a single transaction. The building contractor must have bought the land from the developer and paid the stamp duty on it. The good news is that there is no cap on the value of the property, so you will qualify for a full exemption.
For eligibility criteria or other queries please visit the NT TRO website or enquire to speak with an FHBA Coach today.
How can I apply?
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!
Where can I find FHOG eligible homes?
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.
What if I want to buy an established home?
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)
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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.
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