Stockland - Learn more about government grants

Learn more aboutgovernment grants

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For more information FREECALL 13 52 63The information in this publication is provided as a guide only. All images and statements are based on information available to Stockland at the time of publication and may be subject to change without notice. The contents of the publication should not be considered legal, financial or other professional advice and you should consult an expert before making a decision based on anything contained in this publication. Any references or links to third party websites are for information purposes only and Stockland does not represent or warrant that the information on those websites are complete or accurate, nor does it endorse those websites or any company, product or service mentioned on those websites. Stockland will not be responsible or liable to any person for any loss, damage or injury arising (whether directly or indirectly) from the use of or reliance on anything contained in this publication.

What’s on offerWe understand the hard work that is involved in saving for a deposit on a new home, so when there is extra help available from the government, it is well worth making sure you are taking advantage of it.

Tip:Speaking to a finance broker can save you valuable time by helping to find and arrange the right loan for you.

First home owners are best placed to receive government grants and concessions on transfer duty, and most states favour those who opt to build a home or buy a newly built home. Savings like these can contribute greatly to how long it takes you to get a start in the property market.

Grants and concessions do vary from state to state, and are subject to change over time, so it’s important to check what’s available where you live. There are also specific eligibility requirements that you will need to meet. The best way to ensure you get any assistance available is to talk to an expert, such as a finance broker.



Victoria Tip:The transfer duty concessions in Victoria are more complicated so talk to your finance broker for more help!

Government grants and concessions for first home owners are different in each state.

Find out more

* For eligibility requirements and further information in relation to the First Home Owner Grant or duty reduction for first home buyers, please contact the State Revenue Office Victoria or visit www.sro.vic.gov.au

Learn more about the first home owner grant in your state here

Government grants and concessionsThis is a summary of the grants and transfer duty concessions available in Victoria for first home buyers:

First Home Owner Grant*

• Applies to eligible contracts entered into on or after 1 July 2013

• $10,000 grant to first homeowners who buy or build a new home to live in

• The grant is capped at $750,000, so it is only available for properties with a total value less than this amount

• There is currently no scheduled end date

Transfer Duty Reduction for First Home Buyers*

• First home buyers purchasing a home valued under $600,000 to live in as their principal place of residence may be eligible to receive a 50% transfer duty reduction from 1 July 2013

http://www.sro.vic.gov.au

http://www.firsthome.gov.au/



Government grants and concessionsThis is a summary of the grants and transfer duty concessions available in New South Wales for first home buyers: First Home Owner Grant (New Homes) Scheme*

• Applies to eligible transactions entered into on or after 1 October 2012 and before 1 January 2016

• $15,000 grant to first home owners who buy or build a new home to live in

• The grant is currently scheduled to reduce to $10,000 on 1 January 2016


First Home – New Home Scheme*

• Applies to eligible contracts or transfers entered into on or after 1 July 2012

• Eligible first home buyers are exempt from transfer duty on the purchase of new homes valued up to $550,000 and receive a concession on the duty payable for the purchase of new homes valued between $550,000 and $650,000

• Eligible first home buyers are exempt from transfer duty on the purchase of vacant land valued up to $350,000 on which buyers are intending to build their first home and receive a concession on the duty payable on the purchase of vacant land valued between $350,000 and $450,000

New South Wales Tip:The $15,000 grant is scheduled to reduce to $10,000 on 1 January 2016, so don’t miss out.

Find out more

The grant is capped at $650,000 so it is only available for properties with a total value less than this amount.

* For eligibility requirements and further information in relation to the First Home Owner Grant (New Homes) Scheme or the First Home-New Home Scheme, please contact the Office of State Revenue NSW or visit www.osr.nsw.gov.au

http://www.osr.nsw.gov.au/grants



Government grants and concessionsThis is a summary of the grants and transfer duty concessions available in Queensland for first home buyers:

Great Start Grant*

• Applies to eligible contracts dated on or after 12 September 2012

• $15,000 grant to first home owners who buy or build a new home to live in



Queensland Tip:The transfer duty concessions are calculated on a sliding scale so talk to your finance broker for more help.

Find out more

First home buyers purchasing a home valued under $550,000 to live in as their principal place of residence may be eligible to receive a transfer duty concession on their purchase.

* For eligibility requirements and further information in relation to the Great Start Grant or duty concession for first home buyers, please contact the Office of State Revenue QLD or visit www.osr.qld.gov.au

http://www.osr.qld.gov.au



Government grants and concessionsThis is a summary of the grants and transfer duty concessions available in Western Australia for first home buyers:First Home Owner Grant*

• Applies to eligible contracts entered into on or after 25 September 2013#

• $3,000 grant to first home owners who purchase an established home to live in

• The grant is only available for properties with a total value of less than the following cap amounts:

• $750,000 if the property is located south of the 26th parallel of South Latitude

• $1,000,000 if the property is located north of the 26th parallel of South Latitude


Transfer Duty Concessions – First Home Owner Rate of Duty*

• Home buyers eligible for the First Home Owner Grant are also eligible for a concessional rate of transfer duty if the value of the property is under $600,000 for a house and land or $400,000 for vacant land

• Eligible home buyers pay no transfer duty on the purchase of vacant land valued up $300,000 or house and land valued up to $500,000

• Eligible home buyers pay a concession rate of transfer duty on the purchase of vacant land valued between $300,000 and $400,000 and house and land valued between $500,000 and $600,000.

Western Australia Tip:$10,000 grant to first home owners who purchase or build a new home to live in.

Find out more *For eligibility requirements and further information in relation to the First Home Owner Grant or duty concession for first home buyers, please contact the State Revenue – Department of Finance or visit www.finance.wa.gov.au #$7,000 First Home Owner Grant applies to eligible contracts to purchase or build a new home entered into before 25 September 2013.

http://www.finance.wa.gov.au

For more information please call us on 13 52 63 or email us at [email protected]

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