Five things need to be true. You own the property as an owner-occupier or landlord. Your combined annual taxable household income is up to $210,000. You’re an Australian citizen or permanent resident. You pass the finance provider’s credit check. The property is in NSW.

Two exclusions: the property can’t be social or community housing, and it can’t be used for short-stay accommodation.

Renters aren’t eligible for the loan itself, though they can access the separate $4,000 discount with their landlord’s permission.