Released 10 January 2012
Acting Premier and Minister for Regional Infrastructure and Services Andrew Stoner has announced that the grant will now apply to those who build and move into a new home in the regions.
The announcement follows a slow start for the scheme, which was taken up by just 50 people in the first three months after its introduction in July 2011. It is hoped that the extension to include sea and tree changers who build new homes in the regions will be more attractive.
“There is no better time than now for people to relocate from the city to the country,” Mr Stoner said.
Minister for Finance and Services Greg Pearce said that the extension will operate in much the same way as the NSW Home Builders Bonus does.
“Families who make the move to the regions and purchase vacant land valued up to $450,000 for building a new home, or buy a completed or off-the-plan home valued up to $600,000 will be eligible,” Mr Pearce said.
“Importantly, the extension will apply retrospectively so it is in line with the Regional Relocation Grant start date of 1 July 2011.
“This will mean that those who decided to move and build a home in the past six months don’t miss out.” To find out more about Regional Relocation Grants, go to www.osr.nsw.gov.au