A 'new home', eligible for an up to 40% Government contribution, is a property that meets any of the following criteria:
- property purchased 'off the plan', where construction has started and the settlement date is expected to be within 90 days;
- a detached home that is yet to be built, whether through a house-and-land package or a separate land purchase and building contract; or
- a newly constructed home that has never been lived in, rented out, or previously sold.
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