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30 Jul 2020

Buying Process

Government Grants & Incentives

If you are a home buyer in the Territory, there are a range of Government incentives and grants you can take advantage of.

See below available Grants and Incentives from both the Australian Government and Northern Territory Government.

AUSTRALIAN GOVERNMENT GRANT

Take advantage of the new Federal Government Homebuilder Scheme. The HomeBuilder Grant is eligible for owner-occupiers (incl. First Home Buyers) with a grant of $25,000 to build a new home.

This will also compliment the Northern Territory Government’s current $20,000 BuildBonus and $10,000 First Home Buyers incentives.
Who is eligible for the new Australian Government HomeBuilder Grant?

• Owner-occupiers only
• 18 years and older
• Must be an Australian Citizen
• Maximum Taxable income is $125,000 for singles and $200,00 for couples
• New Home property value does not exceed $750,000
• You enter a building contract between 4th June 2020 and 31st December 2020
• Contracts must be signed and projects must start within 3 months of contract execution

Click here to find out more information.

NORTHERN TERRITORY GOVERNMENT INCENTIVES

The Territory Government incentives are the most generous in the country, making it easier for people to own their dream home in the Top End.

To read more on this range of incentives, click below.

Click here to find out more information.

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