Financial help for first home buyers

If you are buying your first home, you can apply for the following grants.

First home owner grant

If you want to buy or build a new property as your first home, you can apply for the first home owner grant of up to $26,000.

To find out more go to the Department of Treasury and Finance website.

Household goods grant

If you buy a new property as your first home, you may be able to get a grant to help you buy household goods.

You can get up to $2,000 under the household goods grant.

To get financial help to buy households goods follow these steps:

Step 1. Apply for the grant.
Step 2. Receive payment to your nominated account within 14 days.
Step 3. Purchase your household goods from a local business.
Step 4. Provide receipts within 90 days.

To find out how to apply or for more information go the Department of Treasury and Finance website.

First home owner discount

If you want to buy an established property as your first home, you may be able to get a discount on the stamp duty you need to pay.

You can get a discount of up to $23,928.60 under the first home owner discount scheme.

To find out more go to the Department of Treasury and Finance website.

Home renovation grant

If you buy an established property as your first home, you may be able to get financial help to renovate or improve it.

You can get up to $10,000 under the home renovation grant.

Who can apply 

You can only apply for the home renovation grant once you have been approved for the first home owner discount

Owner-builders or do-it-yourself renovators can't apply.

How it works

To get financial help to renovate or improve your property follow these steps:

Step 1. Get a quote from local businesses for the renovations or improvements you'd like done.
Step 2. Apply online.
Step 3. After you apply you will receive your vouchers in an email.
Step 4. Work with the business to complete the renovation.
Step 5. Pay the business using the voucher. 

How to apply

Apply online now if you are a first home buyer.

Read the grant terms and conditions (104.6 kb).

Using your renovation grant for household goods

Up to $2,000 of the $10,000 renovation grant can be used to buy household goods.

Once you've been approved for the grant, you will either:

  • receive an upfront payment for the purchase of the household goods and provide your receipts afterwards
  • or buy the household goods using your own money then seek reimbursement.

Using your grant to renovate or improve

You must use a local business.  A local business is one that operates in the Northern Territory (NT), has a permanent base here and employs NT people.

If the local business doing the renovations wants to employ sub-contractors, they must also be local businesses.

You can use the grant with up to five different businesses if they meet these conditions. You will receive a specific voucher for each business up to a maximum total of $10,000, including the amount you have sought for buying household goods. The minimum value for each voucher is $500.

There is no cap on the total value of the renovation or improvements you want to do.

Sample quote and invoice

When you apply for the home renovation grant, the quotes and invoices you submit must comply with the terms and conditions.

Get the grant terms and conditions (104.6 kb).

Below are templates you can use for this purpose.

Home renovation grant quotation template (25.0 kb)
Home renovation invoice template (24.0 kb) 

Contact

For more information email homerenovation.grant@nt.gov.au.

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Last updated: 09 February 2017