The Northern Territory’s government has introduced three key grants to make homeownership more accessible while promoting Darwin as a thriving place to live. These grants are designed to encourage new developments, increase homeownership, and boost the local economy. Whether you’re building your first home, buying an established property, or upgrading to something new, there’s financial assistance available to help you achieve your goals.
HomeGrown Territory Grant: $50,000 for New Builds
The HomeGrown Territory Grant offers $50,000 to first-home buyers building or purchasing a new home. This grant can be applied to:
- Building a new house
- Buying off-the-plan or purchasing a newly constructed home
- Constructing a transportable home (if it is permanently fixed and approved for occupancy)
- Owner-builders upon receiving their certificate of occupancy
There is no cap on the purchase price, and contracts must be signed between 1 October 2024 and 30 September 2025. You’ll need to live in the home as your primary residence for at least 12 months to qualify. For buyers using finance, the grant may be released early to assist with the deposit, subject to approval from the lender.
This initiative aims to ease financial barriers for first-home buyers while driving new developments and creating vibrant communities.
First Homeowner Grant: $10,000 for Established Homes
The First HomeOwner Grant (FHOG) offers $10,000 for first-home buyers purchasing an established property. This grant is ideal for buyers wanting a home that’s move-in ready and located within well-established communities.
To qualify, it must be your first home, and you’ll need to live in it as your primary residence for at least 12 months. The grant is paid after settlement or when your name is registered on the title, helping to cover some of the upfront costs associated with purchasing a property.
FreshStart New Home Grant: For Existing Homeowners
The FreshStart New Home Grant offers financial support to existing homeowners looking to build or buy a new home. This grant encourages homeowners to invest in new properties, contributing to the growth of the housing market and supporting the government’s broader goal of stimulating development in the Territory.
To be eligible, the new home must be your primary residence for at least 12 months. This ensures that the FreshStart Grant promotes housing stability and community growth. The grant applies to new builds and off-the-plan purchases, providing a great opportunity for those ready to take the next step in their property journey. However, it cannot be combined with the HomeGrown Territory Grant.
Why These Grants Matter
These grants are part of the government’s strategy to position Darwin as a place where people want to live, work, and build their future. With its relaxed lifestyle, expanding job market, and proximity to natural wonders, Darwin offers an attractive environment for both first-home buyers and established homeowners. By encouraging new builds, off-the-plan purchases, and home upgrades, these grants aim to increase housing supply, grow the local economy, and create thriving communities.
Refer to the following for further information: Homeowner Assistance