What is a new unit?

A new unit is a unit that has not been previously occupied as a residence or sold, including off-the-plan purchases.

For the purpose of BuildBonus, a unit is generally regarded as three or more attached dwellings. Duplexes are regarded as houses for the purpose of the scheme.

A unit is not a new unit if it is, or will be, subject to a management agreement or lease for the unit to be made available for short term accommodation.

A unit is not a new unit if construction of the unit and/or the unit complex commenced prior to 3 May 2011.

What is a new home?

A new home is a home that has not been previously occupied as a residence or sold.

A home is not a new home if construction (other than ground clearance) of the house commenced prior to 3 May 2011.

A home is not a new home if it is built on the same Lot as another home, and does not receive a separate land title.

What date is taken to be the commencement of construction?

In relation to a new home, commencement of construction generally means laying of the foundations.

In relation to a new unit in a unit development, commencement of construction is the earlier of the laying of the foundations or laying of a slab for a carpark.

Commencement of construction does not include site clearing.

I am a first home buyer – am I entitled to BuildBonus?

Yes, subject to meeting the eligibility criteria for both, first home buyers are entitled to BuildBonus in addition to the First Home Owner Grant. This means you may be entitled to combined grants of up to $17 000.

Is the BuildBonus grant means tested?

No. BuildBonus is not means tested, however, the value of the homes that it applies to is capped at $600 000, including the value of the land on which it is built.

For the purchase of a new unit or new home, the value of the home will generally be the purchase price where the parties to a transaction are not related.

For the construction of a new home, the value of the home is the combined construction cost of the home and the value of the land on which it is built.

I entered into a contract to purchase a new unit or new home prior to the commencement date of BuildBonus. Am I eligible for the grant?

No, the contract must be entered into between 3 May 2011 and 31 December 2012 inclusive.

I am entering into a contract to purchase a unit off-the-plan and construction of the unit complex commenced prior to the commencement date of BuildBonus. Am I eligible for the grant?

No, construction of the unit complex must commence on or after 3 May 2011, but no later than twenty six weeks from signing the contract.

I have entered into a purchase or building contract on or after 3 May 2011 that replaced a contract entered into before 3 May 2011. Am I eligible for the grant?

No. You are not eligible to claim the BuildBonus grant if:

  • the purchase or building contract entered into on or after 3 May 2011 replaces a contract made before 3 May 2011 to purchase a new unit or new home or to build the same or a substantially similar home; or
  • in purchasing a new unit or new home, you had an option to purchase the home granted before 3 May 2011 or the vendor had an option to require you to purchase the home which was granted before 3 May 2011.

I am not a Territorian, am I still eligible for BuildBonus?

Yes, the BuildBonus scheme is open to all people and corporations looking to purchase a new unit or to purchase or build a new home in the Northern Territory.

Can government bodies and organisations receive the BuildBonus?

No. Government bodies and organisations are not eligible to apply for the BuildBonus grant.

What happens if I cannot commence or complete construction within the required periods?

Where special circumstances exist, the Commissioner may extend the period for commencing and/or completing construction. A written application detailing the circumstances for the delay and advising when construction is expected to commence or be completed should be made to TRO prior to the expiration of the relevant period.

When should I apply for BuildBonus?

When applying for the BuildBonus grant certain information and evidence is required to be submitted along with the application. Accordingly, it is recommended that you lodge the application only when you have all the documents and have satisfied the conditions for payment of the grant. You have up to 12 months after the purchase or construction was completed to apply for the grant.

Information on what supporting documentation must be lodged with your application is contained at section 5 of the Guide to the Application form (pdf, 239kb).

When is the grant payable?

The date the grant is paid depends on whether you are purchasing a new unit or building a new house. The table below details the earliest dates that the grant will be paid for the various transaction types. Payment will be made by electronic funds transfer to your nominated bank account, generally within ten business days of lodging the application, providing the application is fully completed and all supporting information is provided.

For the purchase of a new home or unit, the grant can be made available for settlement by arrangement with your conveyancer or solicitor. The grant will be deposited to the trust account of your conveyancer or solicitor within five business days of the scheduled settlement date or within ten business days of lodgement of the application form together with relevant supporting information, whichever is the later.

Type of transaction ​ When will payment be made​
Purchase of a new unit​
When your name is registered on the title; or
At settlement by arrangement with your conveyancer or solicitor.​
Contract to build​
If the contract states that construction will be completed within eighteen (18) months of commencement, when builders progress payments (excluding the deposit) totalling at least $10 000 have been paid; or
If the contract does not state that construction will be completed within eighteen (18) months of commencement, when construction has been completed (generally when an occupancy permit is issued).​
Owner builder​
When you have completed construction of the home (generally when an occupancy permit is issued). ​

I am building a 'granny flat' for a relative to live in. Am I eligible for the grant?

Under the building laws, a unit may be built on a property for the use of a relative. These are classified under these laws as a ‘dependent unit’ and regarded as being ancillary to an existing dwelling. As such, they are not a home for BuildBonus. In addition, the BuildBonus grant is only payable where the home to which an application relates is the only home on that land title.

I am looking to buy a new transportable house to be put on my land, would I be eligible for BuildBonus?

Yes, provided relevant building approvals are granted so that it can be lawfully occupied as a place of residence or, if outside the building zone, you must provide documentation to show that it is suitable for use as a place of residence.

The BuildBonus grant will only be payable for a new transportable house where that house is the only home on the land title on which it is built.

I am building a shed to live in, would I be eligible for BuildBonus?

No, the building must be able to be lawfully used as, and be suitable for use as, a place of residence, so sheds and dongas are not eligible for BuildBonus (applies to dwellings in and out of regulated building zones).

I am a registered builder and am building a house for my own occupation or for rental purposes. Am I eligible for the grant?

Yes, but you are not eligible for the grant in relation to houses you build for sale.