How it works

You can apply for either:

  • a pre-approval before you start looking for a property to buy – this gives you certainty around eligibility and how much you may qualify for or;
  • a grant approval if you've found a property and have a signed sale and purchase agreement.

If you buy an existing home

If you buy an existing home, you can get $1,000 for each of the 3 (or more) years you've paid into the scheme. The most you can get is $5,000 for 5 or more years.

If you buy a new home or land

If you buy a new home or land to build on, you can get $2,000 for each of the 3 (or more) years you've paid into the scheme. The most you can get is $10,000 for 5 or more years.

Contact us

If you have questions before you apply, you can:

 

Page updated: 1 December 2021