First home buyers guide: Grants and assistance in each state and territory By Bianca Dabu 04 March 2021 | 1 minute read SHARE Find out which of them are available to you today: National Advertisement HomeBuilder provides eligible owner-occupiers (including first home buyers) with a grant of a revised $15,000 (from $25,000) to build a new home or substantially renovate an existing home. States and territories In most states and territories, all applicants must be an individual, not a company or trust, 18 years of age or above. At least one of the buyers must also be an Australian citizen or permanent resident. NSW First home buyers who intend to purchase or build a new home may qualify for a $10,000 grant under the First Home Owner Grant (New Homes) scheme. This is available for: contract to buy a new home; building contract by the land owner; owner of the land building their own home; and some recently renovated homes.