To improve opportunities for home ownership in remote areas, IBA is offering a package of financial assistance and grants which may include:
Are you eligible?
Assistance is available to Aboriginal or Torres Strait Islander people who demonstrate a capacity and readiness to take on the responsibilities that come with owning a home.
Customers who currently live or previously lived in a Remote Location may be eligible.
IBA uses the Remote Locations – ARIA schedule to establish whether a property or location is considered ‘remote’ or ‘very remote’ which is an eligibility requirement for this product.
Generally, remote locations are Indigenous communities that lack a significant history of home ownership, including:
Establishment Costs Grant
Subject to approval and eligibility, a RIHL applicant may receive a grant of up to $13,000 to assist in meeting the following establishment costs:
Remote Indigenous Home Buyer Grant
Some properties may need repair and maintenance. Subject to approval and eligibility, a grant of $20,000 may be available to cover the following expenses:
This grant is only available to applicants with total gross incomes up to $93,996 (effective as at 15 August 2023 and subject to change at any time).
Moving from a remote location?
People who permanently move from a nominated remote location or an outstation/small Indigenous community after 1 August 2015 remain eligible for RIHL and associated grants for up to five years from the date they move.
The applicant must have been a permanent resident of the remote community for three consecutive years and moved for education or employment opportunities.