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Home ownership


HOMESTART NT

HOMESTART NT is a Northern Territory Government initiative that is helping more Territorians to buy their own home. View HOMESTART NT television commercial (wmv 750Kb).

With financial support from Homestart NT, eligible Territorians earning low to middle incomes can buy their own home using less than 30% of their income. There is a range of loan types and help with costs like stamp duty, fees and whitegoods.

HOMESTART NT loans feature:

So, if you thought buying your own home was out of reach... think again!

HOMESTART NT is administered by TIO on behalf of the Territory Government.

Other home ownership incentives

The Northern Territory Government also provides the following home owner incentive schemes which are administered by Territory Revenue Management, a division of Northern Territory Treasury.

  • First Home Owner Grant scheme - provides Territorians purchasing or building a home, that is their first home in Australia, a grant of up to $7,000.
    The Commonwealth, through the First Home Owner Boost (FHOB) scheme, provides a temporary increase to the grant provided by the Territory. The scheme, which is administered by the Territory Revenue office, applies for the period 14 October 2008 to 31 December 2009. The amount of the FHOB commenced at $7,000 for the purchase of an established home and $14,000 for the purchase or construction of a new home. It decreases to $3,500 and $7,000 from 1 October 2009.
  • First Home Owner Boost - a temporary increase which provides eligible Territorians purchasing an existing home an additional $7,000 and $14,000 for the purchase or construction of a new home
  • First Home Owner Concession - provides Territorians purchasing a home, or land to construct a home, that is their first home in Australia, a concession of up to $15,515.50 off the stamp duty payable.
  • Principal Place of Residence Rebate - provides Territorians purchasing a home, or land to construct a home, that is not their first home in Australia, a concession of up to $2,500 off the stamp duty payable.
  • Buildstart - is a temporary scheme that provides non-first home owners purchasing or building a new house or purchasing a new unit between 27 October 2008 and 31 December 2009 a $14,000 grant. View Buildstart television commercial (wmv 950Kb).

For further details and application forms visit the Territory Revenue Office or Buildstart websites.