First Home Owners Grant

If you qualify for a first home owners grant you could get $10,000 or more. Here's your state-by-state guide to the First Home Owners Grant.

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!

First home owners grants are offered by almost every state and territory government. These are cash grants available to buyers who have never purchased a home before. The eligibility criteria and grant amounts vary a lot depending on where you live. Find out which first home owners grants may be available to you so you can pursue your dream of home ownership sooner.

If you don't qualify for any grants but you are a first home buyer you may qualify for a stamp duty discount or exemption, which can also save you a lot of money.

Am I eligible for the First Home Owners Grant?

The eligibility criteria for first home buyers differs slightly between the states and territories but generally, eligibility criteria includes:

  • You must be a first home buyer as a person, not as a company or trust.
  • At least one applicant must be a permanent resident or Australian citizen.
  • Each applicant must be at least 18 years old.
  • You or your spouse, partner or co-purchaser must not have previously owned an interest in land in Australia which had a residence on it, before 1 July 2000.
  • You or your spouse or partner cannot have lived in a residential property which you owned from 1 July 2000.
  • You or your spouse, partner or co-purchaser may not have claimed the grant previously.
  • You must occupy your first home as your principal place of residence within 12 months of the construction or purchase of your home and the minimum period of occupancy is 12 continuous months.

There are other state-specific conditions as well, which will depend on the state you're buying in. Below you’ll find information about federal government support for first home buyers and then the grants and stamp duty concessions available in each state and territory. Remember there are a host of eligibility requirements for the grant and duty concessions which can vary from state to state, so be sure to visit your state’s office of revenue website and find out if you’re eligible.

First home owners grants and concessions in NSW

Is there a first home buyers grant?

Yes, the First Home Owner Grant (New Homes) scheme offers a $10,000 grant for the purchase or construction of new homes. The value of the property of a newly constructed property must be under $600,000. If buying land to build a property the combined land and dwelling valued must be less than $750,000.

Are stamp duty concessions available?

Yes, the First Home Buyers Assistance scheme provides first home buyers with exemptions from transfer duty (stamp duty) on new and existing homes:

  • New homes. If you are buying a new home worth less than $650,000 you pay no stamp duty (if eligible). If the home is valued between $650,000 and $800,000 you can get a discount.
  • Existing homes. If you are a first home buyer purchasing an existing home worth less than $650,000 you pay no stamp duty (if eligible). If the home is valued between $650,000 and $800,000 you can get a discount.
  • Vacant land. If you buy vacant land under $350,000 then you pay no stamp duty. Between $350,000 and $450,000 you can get a discount on the duty.

Learn more about NSW stamp duty and concessions

First home owners grants and concessions in VIC

Is there a first home buyers grant?

Yes, the $10,000 First Home Owner Grant is available to eligible applicants buying or building a new home valued at up to $750,000.

Are stamp duty concessions available?

First home buyers purchasing a new or established home valued below $600,000 will be exempt from stamp duty, while buyers purchasing a new or established home valued between $601,000 and $750,000 will be eligible for a stamp duty concession, applied on a sliding scale.

First home buyers can get stamp duty concessions even if they don't qualify for a first home owners grant. It's possible to qualify for both the grant and a stamp duty exemption or concession.

Learn more about VIC stamp duty and concessions

First home owners grants and concessions in QLD

Is there a first home buyers grant?

Yes, the Queensland First Home Owners' Grant offers $15,000 to first-time owners buying or building a new home. The grant is available for properties valued at less than $750,000.

If you are renovating an established home you may also qualify for the grant.

Are transfer duty (stamp duty) concessions available?

Yes, stamp duty concessions are available if you buy a home valued less than $550,000 or vacant land less than $400,000. The more you pay for your home or land within these limits, the smaller the concession available.

Learn more about QLD stamp duty and concessions

First home owner grants and concessions in the ACT

Is there a first home buyers grant?

The ACT government no longer offers a first home owner grant to buyers. But there are stamp duty concessions available.

Stamp duty concessions

There is a Home Buyer Concession Scheme in the ACT. The amount you can save depends on your income, the value of the property, whether the property is a new or existing property and how many dependents you have.

Here are some example calculations:

Property valueStamp dutyStamp duty with concession
$200,000$2,400$0
$300,000$4,600$0
$400,000$8,000$0
$500,000$11,400$0
$600,000$15,720$0

From 1 July 2019 buyers in the ACT can avoid paying stamp duty if all buyers are over 18 and earning a combined income below the threshold (listed below). Buyers must live in the home continuously for 12 months and all buyers must not have owned a property in the past two years.

The income threshold also varies depending on how many dependent children you have. If your combined income is below the following limits then you can avoid paying stamp duty (up to a total concession amount of $35,910.

Total income (including partner)Number of dependent children
$160,0000
$163,3301
$166,6602
$169,9903
$173,3204
$176,6505+

First home owner grants and concessions WA

Is there a first home buyers grant?

Yes, the FHOG of $10,000 is available if you are buying or building a new home. Eligible properties located south of the 26th parallel of south latitude are limited to $750,000, while properties north of the 26th parallel of south latitude are limited to $1 million.

Are stamp duty concessions available?

Yes, the First Home Owner Rate of Duty provides exemptions and concessions when purchasing homes valued at less than $530,000 and vacant land less than $400,000.

Purchase PriceGrant/Concession
Less than $430,000Exempt from stamp duty
$430,000 to $530,000Duty payable at a rate of $19.19 for every $100, or part of $100, by which the value exceeds $430,000
$530,001 or moreNo concession or exemption
Vacant land less than $300,000Exempt from stamp duty
Vacant land $300,000 to $400,000Duty payable at a rate of $13.01 for every $100, or part of $100, by which the value exceeds $300,000
Vacant land $400,001 or moreNo concession or exemption

Learn more about WA stamp duty and concessions

First home owner grants and concessions SA

Is there a first home buyers grant?

Yes, the FHOG of up to $15,000 is available for the purchase and construction of new homes valued up to $575,000.

Are stamp duty concessions available?

There are no stamp duty exemptions specific to First Home Buyers in South Australia.

Learn more about SA stamp duty and concessions

First home owner grants and concessions in TAS

Is there a first home buyers grant?

Yes, the $30,000 First Home Owner Grant is available for first home buyers who are buying a new home, buying a new home off the plan or building a new home.

Are property transfer duty concessions available?

First home buyers purchasing established homes can receive a 50% discount on stamp duty if their property's value is $500,000 or less.

Learn more about Tasmanian stamp duty and concessions

First home owner grants and concessions in the NT

Is there a first home buyers grant?

Yes, the $10,000 FHOG is available to eligible applicants who purchase or construct a new home. No limit applies to the value of the property you buy or build and there are no income restrictions.

Are property transfer duty concessions available?

The Territory Home Owner Discount on stamp duty expired on 30 June 2021. If you sign a contract to buy a property after this date you cannot get a discount.

Learn more about NT stamp duty and concessions

Federal first home buyer support

At the federal level there are several policies and grants aimed at helping first home buyers. Being federal policies it doesn't matter which state or territory you live in, but there are specific eligibility criteria for each policy.

First Home Loan Deposit Scheme

The First Home Loan Deposit Scheme allows eligible first home buyers to get a home loan with just a 5% deposit and avoid the extra cost of lenders mortgage insurance (LMI). Lenders usually charge LMI to borrowers with deposits below 20% of their property's value.

HomeBuilder

The HomeBuilder grant provided support of up to $25,000 for Australian citizens building or renovating homes. There were various eligibility criteria and you didn't have to be a first home buyer to qualify for this one, however, this program closed for applications on March 31, 2021.

Family Home Guarantee

The Family Home Guarantee allows eligible single parents to buy homes with 2% deposits and avoid LMI costs while borrowing the remaining 98%. This doesn't just apply to single parents who are first home buyers. Single parents who have previously owned a home can qualify too.

First Home Super Saver Scheme

Another helpful option for some first home buyers is the First Home Super Saver Scheme. This policy allows eligible buyers to make extra contributions to their super funds and then withdraw them, pay less tax and then use the money to form part of their deposit.

All your questions about the first home owners grant answered

To help you to understand the First Home Owners Grant we have compiled a list of answers to some of the most frequently asked questions:

  • What happens if I move out of my home in the first 12 months? If you have lived in your home for a continuous period of six months, you may keep the grant, but if you move out before this time, you need to repay the grant.
  • Can I apply for the first home owner grant if I'm a temporary resident? Unfortunately first home owner benefits aren't available for temporary residents. They also can't be retroactively applied for once permanent residency is obtained.
  • My partner and I are buying the property jointly and neither of us has owned a property before. Do we each get a grant? No. A single grant is payable per property transaction not per person.
  • Does my income affect the grant and is the grant taxed? No, the grant is not means tested and you do not have to pay tax on it.
  • What sort of home qualifies me for the grant? Depending on the state or territory an eligible home may be a new or established Australian house, home unit, flat or other type of self contained fixed dwelling that meets local planning standards. The specific rules vary by state.
  • Will I be eligible for the First Home Owner if I buy an on-site home in a caravan park? You would qualify for the grant provided the home is fixed (i.e. not moveable), but you would not be eligible if you bought a moveable home such as an unfixed mobile home or a caravan.
  • I am buying an existing home. Does that qualify me for the grant or does it have to be a new home? This depends on the state, with many now limiting the grant to purchasers of new or substantially renovated homes.
  • I'm buying a home in Australia but I already own property outside Australia, does that mean I don't qualify for the grant? You can be eligible for the grant provided you have not owned property in Australia before.
  • I inherited a property. Can I claim the First Home Owner Grant for that? No. You must be a buyer or builder of the property.

More grants and support for first home buyers

If you're researching about the home buying process and need help, here's a list of helpful guides:

First Home Buyer Home Loans Comparison

$
years
Name Product Interest Rate (p.a.) Comp. Rate (p.a.) Fees Monthly Payment

HSBC Home Value Loan P&IHome≥ 10% Deposit

HSBC Home Value Loan
2.27%
2.28%
  • App: $0
  • Ongoing: $0 p.a.
$577
$3,288 refinance cashback offer
A competitive value home loan with no ongoing fee. Eligible refinancers borrowing $250,000 or more can get a $3,288 cashback. Terms and conditions apply.

loans.com.au Smart Booster Discount Variable Home Loan P&IHome≥ 20% Deposit

loans.com.au Smart Booster Discount Variable Home Loan
1.99%
2.47%
  • App: $0
  • Ongoing: $0 p.a.
$555
Home buyers can get a very low discounted variable rate for the first year. Requires a 20% deposit. Add an offset sub-account for an additional 0.10% on your interest rate. Get your loan processed fast and settle within 30 days.

UBank UHomeLoan Variable Rate P&IHome≥ 20% Deposit

UBank UHomeLoan Variable Rate
2.19%
2.19%
  • App: $0
  • Ongoing: $0 p.a.
$570
Enjoy flexible repayments, a redraw facility and the ability to split your loan. Plus, pay no application or ongoing fees.

HSBC Home Value Loan P&IHome≥ 30% Deposit

HSBC Home Value Loan
1.97%
1.98%
  • App: $0
  • Ongoing: $0 p.a.
$554
$3,288 refinance cashback offer
This competitive variable rate loan is available for borrowers with 30% deposits. Eligible refinancers borrowing $250,000 or more can get a $3,288 cashback. Terms and conditions apply.

Greater Bank Great Rate Fixed Home Loan P&IHome 1Y Fixed≥ -10% Deposit

Greater Bank Great Rate Fixed Home Loan
1.59%
2.15%
  • App: $0
  • Ongoing: $0 p.a.
$526
Get one of the lowest rates on the market with this fixed rate mortgage. NSW, QLD and ACT residents only.

loans.com.au Green Home Loan P&IHome≥ 10% Deposit

loans.com.au Green Home Loan
2.08%
2.36%
  • App: $0
  • Ongoing: $0 p.a.
$562
Buying an energy-efficient home to live in? Get a discounted rate and borrow up to 90%.

IMB Budget Home Loan P&IHome≥ 5% Deposit

IMB Budget Home Loan
2.68%
2.74%
  • App: $449
  • Ongoing: $0 p.a.
$608
You can get an interest rate discount for a limited time with this competitive variable mortgage.

Newcastle Permanent Building Society Premium Plus Package Fixed Rate P&IHome 1Y Fixed≥ 5% Deposit

Newcastle Permanent Building Society  Premium Plus Package Fixed Rate
2.39%
3.85%
  • App: $0
  • Ongoing: $395 p.a.
$586
$2,000 refinance cashback
Enjoy a competitive rate with no application fee for this package loan. $2,000 cashback for eligible refinancers borrowing $250,000 or more.

loans.com.au Smart Booster Discount Investor Variable Home Loan P&IInvestment≥ 20% Deposit

loans.com.au Smart Booster Discount Investor Variable Home Loan
1.99%
2.71%
  • App: $0
  • Ongoing: $0 p.a.
$555
If you have an owner occupier loan with loans.com.au you can also get this very low rate variable mortgage for your investment property. Principal and interest repayments. Add an offset sub-account for an additional 0.10% on your interest rate. Get your loan processed fast and settle within 30 days.

IMB Budget Home Loan P&IHome≥ 10% Deposit

IMB Budget Home Loan
2.43%
2.49%
  • App: $449
  • Ongoing: $0 p.a.
$589
A competitive variable rate for borrowers with 20% deposits saved.
loading

Compare up to 4 providers

More guides on Finder

Find the right home loan now

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.

142 Responses

    Default Gravatar
    PeterDecember 10, 2019

    I have used my First Home Owner grant but would like to purchase a house jointly with my partner who is eligible and has not used her grant. Can we receive the grant benefit under these circumstances?

      Avatarfinder Customer Care
      JoshuaDecember 12, 2019Staff

      Hi Peter,

      Thanks for getting in touch with Finder. I hope all is well with you. 😃

      I understand you want to know if you can purchase a house jointly with your partner who is eligible for the First Home Owners Grant (FHOG).

      Regarding your question, Peter, I’m afraid the answer is no. One of the requirements for you to take advantage of the FHOG is that you, your partner, or co-purchaser must not have previously owned an interest in land in Australia which had a residence on it, before 1 July 2000. If you don’t meet this requirement, you might not be able to use FHOG.

      If you need further help, please check with your local government unit to learn more.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!

      Cheers,
      Joshua

    Default Gravatar
    BenDecember 2, 2019

    could you please tell if you can claim FHOG in Qld for a second hand house and how much.
    Thank you.

      Default Gravatar
      NikkiDecember 4, 2019

      Hi Ben,

      Thanks for your comment and I hope you are doing well. The FHOG is only for first homes in any state in Australia.

      Hope this helps and feel free to reach out to us again for further assistance.

      Best,
      Nikki

    Default Gravatar
    HarisSeptember 29, 2019

    If I already have an investment property in Victoria, am eligible for the first home owner grant?

      Avatarfinder Customer Care
      JeniSeptember 30, 2019Staff

      Hi Haris,

      Thank you for getting in touch with Finder.

      I’m afraid no as the first home owners grant is given to residents who have never had any property in Australia. You may visit Victoria state revenue office’s official website or reach them out for more info on this matter.

      I hope this helps.

      Thank you and have a wonderful day!

      Cheers,
      Jeni

    Avatarfinder Customer Care
    JeniAugust 22, 2019Staff

    Hi Keegan,

    Thank you for getting in touch with Finder.

    Kindly get in touch with your state revenue office on this matter. Basically, it continues until whenever the government decides to change it, however, for the regional Victoria first homeowners grant, yes, it expires on the 30th of June 2020 so you need to sign the contracts by that day. But this is only available in eligible parts of regional Victoria.

    I hope this helps.

    Thank you and have a wonderful day!

    Cheers,
    Jeni

    Default Gravatar
    NehaAugust 21, 2019

    How is the 750,000 calculated.
    the price you bought the land for plus the contract price for the build? or is it the value of your land at the time of your loan and value of your house including driveway and landscaping (assuming you dont get the driveway and landscaping done from the builder)?

      Default Gravatar
      NikkiAugust 22, 2019

      Hi Neha,

      Thanks for your question.

      Effective from 1 July 2017, the NSW First Home Owner Grant for new homes is capped at $750,000 for contracts to construct a new home or to owner build, including the land.

      Hope this helps!

      Best,
      Nikki

Go to site