What are the first home buyer grant qualifications?
In NSW
To qualify as a first home buyer, you must be purchasing the first home you or your spouse have owned or co-owned in Australia, although there are some exceptions.
You must also move into the property within 12 months, and live there for at least six continuous months.
You must be:
- an Australian citizen or a permanent resident of Australia
- at least 18 years old.
To find out more, visit the NSW Government website.
In QLD
- You need to be a natural person (not a company or trust) aged 18 years or older.
- You must be an Australian citizen or permanent resident (or applying with someone who is).
- You need to be a permanent resident or Australia citizen.
- You or your spouse must not have previously received a First Home Owner Grant in Australia.
- You must not have previously owned property in Australia that you lived in.
- You may still be eligible for the First Home Owner Grant in Queensland if you have owned an investment property as long as you haven’t lived in it.
In addition, you’ll need to live in your first home for at least six months within a year of becoming the owner.
To find out more, visit the QLD Government website.