The First Home Owners Grant NSW 2020 is a Government-funded payment designed to help eligible first home buyers and owners with costs associated with the purchase of a house by offering a sum of $10,000. This money can help as a buffer against transfer duty (stamp duty), legal fees or can be added to a deposit. to be eligible for the grant, you must meet all of the following criteria. Applicants must be over the age of 18 and be a permanent resident of Australia, or Australian citizen. Applicants must not have received the grant previously in any state in Australia, and finally, applicants must live continuously in the residence for a period of no less than 6months. There are also criteria that the property itself and purchase-related transactions must meet. These are that the contract must be made after 2016, the home must be brand new (as previously defined) and fall under the $600,000 cost price.