first home owner grant

When the applicant is entitled to possession of the property under the contract, or the building is ready for occupation as a place of residence and the applicant is registered on the Certificate of Title.

Subject to any qualifications prescribed by legislation, an eligible transaction is completed when:

• in the case of a contract for the purchase of a home:
  • the purchaser becomes entitled to possession of the home under the contract; and
  • if the purchaser is to obtain a registered title to the land on which the home is situated -   the necessary steps to obtain registration of the purchaser's title have been taken;
• in the case of a contract to have a home built the building is ready for occupation as a place of residence;
• in the case of the building of a home by an owner builder - the building is ready for occupation as a place of residence.