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Hi Perchy that's correct. NSW is the same. You could move in for 6 months then move out or rent it for just under 12 months then move in But then you have to stay for 6 months. After that you can do what you like.

Yep. The thing that always worries me is the "may be eligible" as opposed to "is eligible". AND like anything rules can change at anytime. I find it very generous that they allow this so will be interested to see if it lasts.

I thought you were eligible to. But the rules state otherwise. From NSW Govt site. Who is eligible for the grant? You are eligible if: * you are buying or building your first home as a natural person, not as a company or trust * you...