The Northern Territory offers one of the most generous First Home Owner Grants in Australia, with the HomeGrown Territory Grant providing $50,000 to eligible first home buyers purchasing or building a new home. There is no price cap on the value of the property, making this grant particularly attractive for buyers in the NT. The HomeGrown Territory Grant is designed to support housing affordability and encourage the construction of new dwellings in the territory.
Eligibility for the grant requires applicants to be first-time home buyers, Australian citizens or permanent residents, and to live in the property as their principal place of residence for at least six months. The property must be a new build, and applicants must not have previously owned or co-owned a home in Australia. The application process is straightforward, with most applicants applying through their lender or directly to the NT Revenue Office.
The $50,000 HomeGrown Territory Grant has been instrumental in helping many first home buyers in the Northern Territory achieve their dream of home ownership. By providing this significant financial boost, the grant makes it easier for young families and individuals to enter the market and contributes to the growth of vibrant, sustainable communities across the territory. For official information, visit the NT Revenue Office website.
Find out more here:
https://nt.gov.au/property/home-ownership/first-home-owner-grant
