Home Buyers Assistance Account

The home buyers assistance account (also known as the REBA grant) was established to provide first home buyers with financial support.

The scheme provides a grant of up to $2,000 for the incidental expenses of first home buyers when they purchase an established or partially built home through a licensed real estate agent for the purchase price of $400,000 or less.

The scheme is funded from interest paid on real estate agents' trust accounts. The grant can be used for - mortgage registration fees, solicitor and/or conveyancing fees, valuation fees, inspection fees, establishment fees, mortgage insurance premiums and lending institution fees associated with lodging the application.
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