Key information
A financial grant that can match people's savings towards their deposit, up to $10,000. Deposit savings may be made up of money in the bank, cash, and other sources including inheritance.
Status: open
Grant amount: up to $10,000
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:
- 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)
The main applicant must be Aboriginal and take on at least 25% ownership of the property being purchased.
How the grant is processed
For successful applicants, 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 until settlement.
The final amount of the deposit will be confirmed on exchange and may be adjusted if the final deposit saved is lower than the amount quoted on the application form. If you are building your home, the funds are processed into your builders' trust account at the foundation stage.
How to apply
For an application form, send us an email: [email protected].
