First Home Buyer Grants Northern Territory

First Home Owner Grant (FHOG) Cap

From 1 January 2010, the Northern Territory government has introduced a property value threshold of $750,000; only properties below this value may be eligible for the first home owner grant.

Northern Territory – First Home Owner Concession Scheme

In addition to the federal government’s First Home Owners’ Grant, as of May 6 2008, eligible first home buyers in the Northern Territory have access to the First Home Owner Concession Scheme.   The scheme allows a discount on stamp duty costs for first home buyers on the first $385,000 of a first home purchase; the maximum concession is $15,515.50.

The First Home Owner Concession Scheme is not means tested, however effective 1 January 2010, the scheme will apply only to properties with a value below $750,000 for an existing home, and $385,000 for vacant land on which a home is to be built.

Find out if you are eligible for First Home Buyer Grants in Northern Territory

To find out if you are eligible for First Home Buyer Grants in the Northern Territory, including the First Home Owners’ Grant, fill in the form below to talk to your local mortgage broker, or call us anytime on 13 LOAN or direct on +61 2 9249 3739.

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Northern Territory Office of State Revenue

Revenue NT administers all first home buyer grants and concessions for Northern Territory buyers. You can contact the Revenue NT on (08) 8999 6683 or visit their website at www.nt.gov.au

First home buyer benefits by state summary

• First Home Buyer Grants in Australia
• First Home Buyer Grants Northern Territory
• First Home Buyer Grants New South Wales
• First Home Buyer Grants Queensland
• First Home Buyer Grants South Australia
• First Home Buyer Grants Tasmania
• First Home Buyer Grants Victoria
• First Home Buyer Grants Western Australia