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How to apply for the $50,000 HomeGrown Territory Grant
Our analysis shows the grant could save a homeowner a further $57,919 in interest if it’s put towards their home loan
Home loan guide written by Matthew Hart and reviewed by Jared Mullane. Updated 13 Feb 2026.
Interest rates from
5.54%
p.a.
Comp. rates from^
5.58%
p.a.
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The First Home Owner Grant (FHOG) is a one-off, tax-free grant available to eligible first-home buyers in the Northern Territory. It can help alleviate some of the costs of buying a home in the NT, but specific limits and eligibility criteria apply.
The HomeGrown Territory Grant is $50,000 for eligible first-home buyers to buy or build a new home (until 30 September 2026 ). It’s the biggest grant available anywhere in Australia and one of the few without a house price cap. The HomeGrown Territory Grant replaced the previous $10,000 First Home Owner Grant.
The $50,000 grant only applies to new homes, including:
You may not be eligible for the FHOG if you’ve owned or partly owned an investment property, even before 1 July 2000, (when the FHOG was introduced), according to the Territory Revenue Office.
| With $50,000 NT FHOG | Without the NT FHOG | |
|---|---|---|
Loan amount | $600,000 (reduced to $550,000) | $600,000 |
Interest rate | 6.00% p.a. | 6.00% p.a. |
Monthly repayments | $3,297.53 (save $299.77) | $3,597.30 |
Total to repay | $1,187,110 (save $107,919) | $1,295,029 |
Total interest payable | $637,110 (save $57,919) | $695,029 |
Debbie Hays, Senior Mortgage Broker at Money.com.au
“Lenders generally expect you to show genuine savings, equivalent to a minimum of 5% of the home loan amount, in addition to any grants you intend to use. Lenders will ask for three months of bank statements to evaluate your savings history and expenditures. Some lenders may consider rental payments as genuine savings if you can provide a rental ledger.”
Debbie Hays, Senior Mortgage Broker at Money.com.au
You can apply for the First Home Owner Grant through your lender (who will handle all the paperwork) or directly with the Territory Revenue Office.
If you apply via your lender
Complete the First Home Owner Grant application form and submit it to your lender with the supporting documents of the property purchase. You’ll also be asked to provide 100 points of Australian or state-issued documents that the lender can use for your home loan application. The lender will lodge your FHOG application on your behalf.
If you’re approved for the FHOG, you’ll usually receive the payment at settlement if you’re buying a newly-established home or at the first drawdown of funds if you’re building a new home.
If you apply via the Territory Revenue Office
You can lodge your grant application by email to ntrevenue@nt.gov.au or by mail to:
If you’re approved for the FHOG and are buying a new home, you’ll receive payment when your name is registered on the property title. If you’re building a new home, the grant is typically issued after laying the foundations and making progress payments of at least $10,000, excluding the deposit.
Verify your eligibility for the First Home Owner Grant. Tick the relevant box for questions 1 to 7.
Each applicant must fill out their personal information and contact details. If you’re applying with a spouse, they must enter their details in the ‘Applicant 2’ section. There’s a separate section for spouses not party to the grant application further down.
Enter the details of the property you’re buying, including the street address or a lot number if a street number is not allocated (e.g. new housing estates or developments). You’ll also be asked to include transaction details, such as your settlement date for a new home, a contract of sale or a contract to build date.
If you’re applying directly through the Territory Revenue Office, you will need to nominate the bank account you’d like the grant paid into. If you’re applying through your lender, the grant will be paid to them in accordance with your agreement.
Each applicant must agree to and sign the declaration to confirm that all information provided is true and correct, and that they’ve read and understood all the details completed on the application form.
Submit your completed First Home Owner Grant application form to your lender or the Territory Revenue Office for review. You will be contacted if any details are missing or if further clarification is needed.
The First Home Guarantee (FHBG) is a nationwide program that helps eligible first-home buyers purchase a property with a deposit as low as 5%. Housing Australia guarantees up to 15% of the value of a first home, meaning you’d avoid lender’s mortgage insurance (LMI). In the Northern Territory, the FHGB price cap is $600,000.
There’s also the Family Home Guarantee (FHG) to help eligible single parents or guardians buy a property with a deposit as low as 2%, with Housing Australia guaranteeing up to 18% of the property’s value.
Please note: The Regional First Home Buyer Guarantee (RFHBG) which helps eligible first-home buyers in regional areas buy a home with a deposit from 5% is not available in the Northern Territory.
Yes, it’s possible to use both the $50,000 NT first-home buyer grant and (FHBG) if you qualify, according to Housing Australia. However, the FHOG is typically available only at settlement (i.e. after the completion of your property transaction), so it can’t directly be put towards the minimum 5% deposit for the FHBG.
Mortgage brokers we spoke to said in certain situations lenders might consider including your FHOG as part of your deposit, most commonly with off-the-plan property transactions.
Even if a lender does not accept FHOG funds as part of your deposit, being eligible for it may still help you when applying for a loan. For example, lenders may factor in the one-time payment when assessing your borrowing capacity, pending grant approval, according to ANZ.
Eligible home buyers may be eligible for an exemption on stamp duty in the Northern Territory for house and land packages purchased before 30 June 2027, under the House and Land Package Exemption (HLPE). This exemption has no cap on the property's value and is not means tested.
For the HLPE to apply, the building contractor must fulfil one of the following conditions:
 | Laboratories Credit Union Simple Home Loan Owner OccupiedInterest rate 5.19% per annum (variable) Comparison rate 5.21% per annum Redraw App Fee: $200 Max LVR 95% | Compare now on Money.com.au or visit site |
 | South West Slopes Bank Optimum 1 Year Fixed Rate Home LoanInterest rate 5.20% per annum (fixed 1 year) Comparison rate 5.78% per annum Redraw Split Loan Max LVR 90% | Compare now on Money.com.au or visit site |
 | Pacific Mortgage Group Owner Occupied Variable Home LoanInterest rate 5.34% per annum (variable) Comparison rate 5.34% per annum Redraw Max LVR 80% | Compare now on Money.com.au or visit site |
 | Border Bank First Home LoanInterest rate 5.34% per annum (variable) Comparison rate 5.41% per annum Cashback Max LVR 98% | Compare now on Money.com.au or visit site |
| Border Bank First Home LoanInterest rate 5.34% per annum (variable) Comparison rate 5.41% per annum Cashback Max LVR 98% | Compare now on Money.com.au or visit site |
Matt joined Money.com.au in 2025 as a Finance Content and Media Specialist. With over a decade of experience in journalism and content creation, Matt is passionate about offering value to readers through engaging and informative content.
Jared Mullane is a finance writer with more than a decade of experience at some of Australia’s biggest finance and consumer brands. His areas of expertise include energy, home loans, personal finance and insurance. Jared is qualified with a Certificate IV in Finance and Mortgage Broking (FNS40821).
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