The Territory Labor Government recently announced a new home ownership package which will make the NT’s home ownership incentives the most generous and broadest in Australia.
This means you may be eligible for a grant worth up to $50,601 to contribute to your new home build!
The Government has announced a $12 million BuildBonus which will see the first 600 people to build a new NT home to live in (including Territorians who currently own a home) receive a generous construction grant up to $20 000.
There is also a Territory Home Owner Discount up to $18,601 stamp duty concession for people buying or building a new or established home that they will live in, who haven’t owned a home in the NT for at least 24 months. This includes:
- First home buyers
- People moving from interstate
- Former Territorians returning to live in the NT
- Territorians that are currently renting, but used to own a home
- Recent divorcees (24 month requirement waived).
Significantly, a $2000 bonus for white goods (building a new home) will remain to support retailers and tradies.
First Home Buyer?
- $10,000 First Home Grant
- $2,000 household good grant
- Up to $18 601 stamp duty concession
- $20,000 BuildBonus
More details on these grants can be found here.
There has never been an easier time to own your very own home. If you’re interested in making the most of this grant program, please contact us as soon as possible by calling 1300 646 634 or clicking here.
