19th MAY 2009
BUILDSTART DEADLINE EXTENDED - until 31st DECEMBER 2009
The Northern Territory Government announced the introduction of the $14 000 Buildstart scheme for the purchase and construction of new homes.
The scheme, available to new home buyers, including investors, but not first home buyers, runs from the 27th OCTOBER 2008 to the 31st DECEMBER 2009.
The grant is not means tested but the purchase price for a new house or unit is capped at $1 000 000 (including the land). The construction cost for a new house is capped at $700 000. It is not a requirement for the applicant to occupy the home nor is the scheme limited to one grant. That is, if you purchase two new houses, you are entitled to two grants.
Click on the following link to be directed to the NT Government Buildstart website
http://www.buildstart.nt.gov.au/home.html
13th SEPTEMBER 2007
The Budget just increased the stamp duty for 'First Home Owner Concession' (FHOC)
Click on the following link to be directed tothe NT Government First Home Owner webpage
http://www.nt.gov.au/ntt/revenue/home_incentives.shtml#fhog
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