First Home Buyer Guide: Northern Territory
NT offers unique advantages including no price cap on FHOG and potential BuildBonus grants - save up to $53,000!
🏜️ NT's Unique Advantage: No FHOG Price Cap!
Unlike other states, NT has no maximum property value for the First Home Owner Grant. Whether you're buying a $400,000 unit or an $800,000 house, you get the full $10,000!
🔨 BuildBonus Grant - Check Availability!
NT periodically offers a $20,000 BuildBonus for new home construction. This can be combined with FHOG for a total of $30,000 in grants alone!
When Available
- • $20,000 for new builds
- • Combinable with $10,000 FHOG
- • Total: $30,000 in grants
Eligibility
- • New construction only
- • Contract signed within dates
- • Check NT Government website
*BuildBonus is periodically offered - check the NT Government website for current availability.
Available Schemes & Grants
First Home Owner Grant (FHOG)
$10,000 grant for new homes in NT
- ✓ New home only (no value cap!)
- ✓ Australian citizen/PR
- ✓ Never owned property in Australia
- ✓ Live in property 6+ months
First Home Owner Discount
Stamp duty discount for first home buyers
- ✓ Property up to $650,000 (full discount)
- ✓ New or established homes
- ✓ Must be principal residence
- ✓ Pro-rata discount to $700,000
BuildBonus Grant
$20,000 grant for building new homes (when available)
- ✓ Build contract after announcement date
- ✓ New construction only
- ✓ Can combine with FHOG
- ✓ Check current availability
First Home Guarantee (Federal)
Buy with 5% deposit, no LMI required
- ✓ Income under $125,000 (single) / $200,000 (couple)
- ✓ Property up to $600,000 (Darwin)
- ✓ Owner-occupier only
First Home Owner Discount Examples
| Purchase Price | Standard Duty | FHB Duty | You Save |
|---|---|---|---|
| $400,000 | $18,697 | $0 | $18,697 |
| $500,000 | $23,928 | $0 | $23,928 |
| $600,000 | $29,160 | $5,232 | $23,928 |
| $650,000 | $31,775 | $7,847 | $23,928 |
| $700,000 | $34,390 | $34,390 | - |
Note: Full stamp duty discount applies to properties up to $650,000. Pro-rata discount up to $700,000.
NT Property Markets
Darwin
FHG Cap: $600,000
Median house: ~$550,000
Alice Springs
FHG Cap: $450,000
Median house: ~$480,000
Regional NT
FHG Cap: $350,000
More affordable options
Benefits of Territory Living
Financial Benefits
- • No FHOG property value cap
- • More affordable housing than Sydney/Melbourne
- • Zone Tax Offset for remote workers
- • Often higher wages to attract workers
Lifestyle Benefits
- • Less competition for properties
- • Growing infrastructure investment
- • Unique natural landscapes
- • Strong community feel