Existing home owners - FreshStart New Home
The FreshStart New Home Grant offers $30,000 to buy or build a new home.
You can also use it to buy or build a new transportable home, as long as it's permanently fixed and legally approved to be lived in.
It's available to:
- applicants who are not first-home buyers
- owner-builders and for off-the-plan purchases.
There is no cap on the build or purchase price.
Read information to help you build or renovate a residential property in the NT.
Eligibility
To be eligible, applicants must:
- sign a contract, between 1 October 2024 and 30 September 2025, to build or buy a new home in the Territory, or commence building as an owner builder:
- it must not replace other contracts signed before 1 October 2024
- the home must have never been previously lived in or sold as a place of residence
- be a person and not a company or trustee
- have at least one person over the age of 18
- ensure one applicant is an Australian citizen or permanent resident
- live in the home for at least 12 months after taking possession of the property (name is on the title) or once construction of the home is complete
- lodge their application by 31 December 2025.
All owners of the home must meet the eligibility requirements.
You can't use this grant to build an extra residence, like a granny flat, if there's already a home on your property.
The FreshStart New Home Grant cannot be used in conjunction with the HomeGrown Territory Grant.
After you apply
When completing the application, you will be asked if you want the grant pre-paid into your financial institution's or conveyancer's trust account for settlement. If you select:
- yes, a form will be sent for your lender or conveyancer to complete. Once the form is signed and returned, the grant will be paid into the nominated account.
- no, the grant will be paid after settlement, or if building, after the foundations have been laid.
If you are eligible, you will receive an email confirming your approval. The approval does not have a time limit.
Can you use the grant towards your deposit?
Yes, you can ask your financial institution to release the grant early to help with your deposit.
This is still subject to the standard financial approval processes.
Contact
For assistance with your application contact your financial institution.
For queries or more information about the grant contact the Territory Revenue Office by phone 1300 305 353 or email ntrevenue@ nt.gov.au