Key information
To help with some of the expenses associated with buying a property, like legal and administrative costs.
Status: open
Grant amount: up to $2,500
Eligibility
This grant is open to Aboriginal people who are in the process of buying a home. Applications open to social housing tenants.
To be eligible for the Home Buy Booster Grant grant you must be an Aboriginal person who:
- has pre-approval from a lender
- can show confirmation of Aboriginality from a Local Aboriginal Land Council or an Aboriginal Registered Organisation
- has a maximum individual/combined annual income of up to $200,000
- has saved at least $1,000 toward a deposit
- currently lives in NSW and is purchasing a property in NSW
- does not currently own residential property (with the exception of land)
- has not qualified for Indigenous Business Australia (IBA) Remote Indigenous Home Loan package.
The main applicant must be Aboriginal and take on at least 25% ownership of the property being purchased.
What the grant can be used for
Grant money can be used for:
- legal fees including the administrative costs of buying a property, and preparing a will
- property valuations
- home and contents insurance
- surveying costs
- pest and building inspections
- stamp duty (for non-housing tenants). Aboriginal people living in social housing are exempt from Stamp Duty as per Section 278 of the Duties Act 1997 (NSW).
- any unspent funds can be used towards other costs associated with buying a home (e.g. moving costs)
How the grant is processed
The AHO will process the grant into a solicitor's or conveyancer's trust account prior to settlement of the property, where it will be held in trust. On the day of settlement, the solicitor or conveyancer will use the money towards relevant expenses.
How to apply
For an application form, send us an email: [email protected].
