Hi all,
I've searched the forms already but haven't found an answer. In NSW, if I buy a house and land package, what is the FHOG price cap in order to get the $10k bonus? Is it $600k or $750k?
I've seen a lot of conflicting sources and can't seem to find a straight answer. I thought it was 750k but I spoke to a broker and he said it was 600k lol. Any answers on your experience would be very much appreciated.
NSW FHOG House and Land Package Price Cap
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Hi,
Just looked at the RevenueNSW website:
***
The grant is available for
To qualify, the purchase price of your new home must be no more than $600,000.
If you’re buying land to build a new home, the total price – including the land and home – must be no more than $750,000.
***
Source: https://www.revenue.nsw.gov.au/grants-schemes/first-home-buyer/new-homes
Hope this helps. We're also looking at this too
Just looked at the RevenueNSW website:
***
The grant is available for
- contract to buy a new home
- building contract by the owner of the land
- owner of the land building their own home.
To qualify, the purchase price of your new home must be no more than $600,000.
If you’re buying land to build a new home, the total price – including the land and home – must be no more than $750,000.
***
Source: https://www.revenue.nsw.gov.au/grants-schemes/first-home-buyer/new-homes
Hope this helps. We're also looking at this too
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