First Home Owner Grant Northern Territory
If you're a first home buyer in the Northern Territory, then check out the NT government's First Home Owner Grant (FHOG). It's a one-off payment that can help with some of the costs associated with buying a home.
In the NT, the FHOG is open to first time buyers who want to purchase either a new property, or build a new home to live in.
Unlike with most of the other states and territories in Australia, NT residents don't have to worry about home value caps that affect eligibility.
How much is the first home owner grant in NT?
In the Northern Territory, the First Home Owner Grant (FHOG) is $10,000.
Who is eligible for the First Home Owner Grant in the NT?
The $10,000 grant is available to those who are buying their first home, or for those who plan to build a new home to live in.
To be eligible for the FHOG:
- You must lodge your completed FHOG application (including supporting documents) within 12 months of the purchase (or completion) date.
- At least 1 applicant has to be older than 18 years of age when they apply.
- At least 1 applicant must be an Australian citizen or permanent resident.
- You must have entered into an eligible transaction.
- You must not have previously received a FHOG in any other state or territory of Australia.
- You must not have owned/acquired residential property in Australia on or after 1 July 2000.
Other eligibility requirements may apply.
How to apply for the First Home Owner Grant in NT
Applications for the NT First Home Owner Grant can be lodged on your behalf, through the bank or lender you have a home loan with, or through the Territory Revenue Office (TRO).
What other grants or schemes are available in NT?
Stamp duty relief
Territory residents purchasing a home and land package may also be eligible for the government's House and Land Package Exemption (HLPE), which can waive your stamp duty costs.
HomeBuild Access
The HomeBuild Access scheme gives NT residents access to low-deposit home loan options if they're buying a newly-built home or vacant land on which they plan to build.
How to apply for the First Home Owner Grant in other states and territories
First Home Loans - last updated 26 April 2024
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** Initial monthly repayment figures are estimates only, based on the advertised rate. You can change the loan amount and term in the input boxes at the top of this table. Rates, fees and charges and therefore the total cost of the loan may vary depending on your loan amount, loan term, and credit history. Actual repayments will depend on your individual circumstances and interest rate changes.
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