first home owner grant | stamp duty

A new home is a home that has been built but has not been previously occupied or sold as a place of residence. This includes houses, flats, units, duplexes, townhouses, apartments and substantially renovated homes.

For a substantially renovated home to be eligible, it must be purchased from a developer, who has undertaken substantial renovations, not just purely cosmetic changes. The developer must be registered for GST purposes for developing the property and claimed GST offsets on the renovations to the home and provide evidence of this.  See ATO Goods and Services Tax Ruling (GSTR 2003/3) for more information.