Eligibility
You are eligible for a HOMESTART NT loan if you meet all of the following criteria:
- You are an Australian citizen or permanent resident.
- You or your spouse/defacto partner do not currently own another property or share in a property in Australia.
- You have assessable income and assets that are within the eligibility limits.
- You are contracting a Northern Territory licensed builder if building a dwelling.
- You will live in the property.
HOMESTART NT is reviewed regularly to ensure it keeps pace with the market and continues to support Territory families to become home owners.
Income limits
Income limits are based on household size, so more families will have the opportunity to buy their own home.
| Household size | Gross income per annum limit | Asset limit |
| 1 | $80 000 | $60 029 |
| 2 | $97 500 | $85 735 |
| 3 | $105 000 | $135 855 |
| 4 | $112 500 | $135 855 |
| 5 | $120 000 | $135 855 |
| 6 or more | $127 500 | $135 855 |
Household size is based on the number of people, including children, who are, or will be residing in the home; eg. two parents and two children is a four person household size.
Purchase limits
| Area | Purchase price limit |
| Darwin / Northern Suburbs | $530 000 |
| Palmerston | $530 000 |
| Alice Springs | $435 000 |
| Katherine | $330 000 |
| Tennant Creek | $225 000 |
For further information on eligibility download the Is HOMESTART NT for you? Fact Sheet 
224 KB.
