The state-by-state guide to the First Home Owners Grant

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Learn the ins and outs of the First Home Owners Grant to see if it applies to you

First home owner grants

The First Home Owner Grant (FHOG) scheme was introduced by the Australian government on July 1, 2000 to offset the affect of GST on home ownership and to make it easier for young Australians to enter the property market. This national scheme is administered under the laws of each state.

Under this scheme, a one-off grant is typically offered to first home owners that fulfil the eligibility criteria as outlined by the governing state.

Making the decision to purchase a property is important so as a responsible and diligent first home buyer, you should have carefully reviewed your budget, compared different home loans and researched the property market.

Find out which grants and concessions may be available to you so you can pursue your dream of home ownership sooner.

Changes coming on 1 July 2017

Victoria - Doubling the first home owners grant for those buying property in regional Victoria, all purchases of new or established properties up to $600,000 will be exempt from paying any stamp duty and for purchases between $600,000 and $750,000 stamp duty will apply on a sliding scale.

Queensland - First home owners grant will revert back to $15,000 for the purchase of new or construction of a property.

Tasmania - First home owners grant will decrease to $10,000 for the purchase of a new home, an off-the-plan property or construction of a new home.

Take our quiz to find out if you're eligible for the First Home Owner Grant

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Grants and Concessions Available for Each State

Below you’ll find the grants and stamp duty concessions available in each state. 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.

Is there a first home buyers grant?

Yes, there is a grant of $7,000 to help fund the purchase of a new or substantially renovated home. Properties of $750,000 or less are eligible.

Are stamp duty concessions available?

Yes, stamp duty concessions are available on new or substantially renovated properties valued at less than $562,000.

Purchase valueConcessional duty payable
$455,000 or less$20 (minimum duty)
$455,001 to $585,000$13.60 for each $100 or part thereof by which the dutiable value exceeds $455,000
$585,000 or moreNo concession
Vacant land $272,200 or less$20 (minimum duty)
Vacant land $262,201 to $317,600$13.55 for each $100 or part thereof by which the dutiable value exceeds $262,200
$317,600 or moreNo concession

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 must not exceed $750,000.

Changes to the First Home Owner Grant

From 1 July 2017, the value of new homes eligible for the First Home Owner Grant will be capped at $600,000. The value for constructing a new home will remain capped at $750,000.

Are stamp duty concessions available?

Important: The NSW government has changed the rules around exemptions, please read our guide for more.

Yes, the First Home - New Home scheme provides first home buyers with exemptions from transfer duty on new homes valued up to $550,000 and concessions for new homes valued between $550,000 and $650,000. No duty is payable by eligible purchasers buying a vacant block of residential land valued at up to $350,000, while concessions are available for vacant land purchased for between $350,000 and $450,000.

Purchase PriceFirst Home - New Home Duty
$550,000$0
$575,000$6,185
$600,000$12,370
$625,000$18,555
$650,000No discount

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. From 1 July, a $20,000 First Home Owner Grant will be available to applicants buying or building a new home in regional Victoria valued up to $750,000.

Are duty concessions available?

Yes, if you are buying your first home and it is valued at less than $600,000, you may be eligible for a duty reduction of up to 50%. This concession applies to new and established homes.

From 1 July, 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 $600,000 and $750,000 will be eligible for a stamp duty concession, applied on a sliding scale.

Is there a first home buyers grant?

Yes, the Queensland First Home Owners' Grant offers $20,000 (until midnight 30 June 2017) to first-time owners buying or building a new home. The grant is available for properties valued at less than $750,000. For contracts entered into on or after 1 July 2017, this amount will decrease to $15,000.

For contracts entered into on or after 1 July 2017, this amount will decrease to $15,000.

Are transfer 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.

Purchase priceConcession (to be deducted from duty rate)
Up to $504,999.99$8,750
$505,000 to $549,999.99Concessions of between $7,875 and $875
$550,000+No concession
Vacant land $250,000 or less100% of transfer duty
Vacant land $250,001 to $399,999.99Concession of between $7,175 and $525

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.

Current boost of $5,000 available for first home buyers who purchase new or construct a property and enter into a contract between 1 January and 30 June 2017. Owner builders who lay foundations between the same dates will also receive the additional $5,000.

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 $400,000 or moreNo concession or exemption

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 no exemptions specific to First Home Buyers but you may be eligible for the off-the-plan stamp duty concession if you purchase a new or substantially refurbished apartment, capped at the stamp duty payable on a $500,000 valued apartment.

Is there a first home buyers grant?

Yes, the $20,000 FHOG is available for buying a new home, buying a home off the plan or building a new home.

The payment will revert to $10,000 for transactions entered into from 1 July 2017.

Are property transfer duty concessions available?

No, there are no concessions or exemptions from stamp duty for first home buyers in Tasmania.

Is there a first home buyers grant?

Yes, the $26,000 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.

Are stamp duty concessions available?

Yes, the First Home Owner Discount (FHOD) is available to who enter into a contract to purchase an established home from 24 May 2016. This discount is a full concession on the initial $500,000 value of the home, which equates to a saving of up to $23,928.60 on stamp duty. For homes valued above $650,000 and purchased or contracts entered into before 31 December 2016 the concession is capped at $10,000. Below is a table outlining possible stamp duty savings with the FHOD.

Purchase PriceStamp duty amountFHODStamp duty amount after FHOD
$400,000$16,514.30Full concession$0.00
$450,000$20,057.15Full concession$0.00
$500,000$23,928.60Full concession$0.00
$650,000$32,175.00$23,928.60 (full concession on first $500,000 value)$8,246.40
$700,000$34,650.00$10,000 (for properties purchased before 31 December 2016)$24,650.00

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 six continuous months.

There are other state specific conditions as well, which will depend on the state you’re buying in.

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.

As a general rule, you are eligible if you are an Australian citizen or permanent resident, buying or building your first home in Australia, and will occupy the property as your principal place of residence within 12 months of the settlement and live in it continuously for at least six 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 will be required to repay the grant.

Unfortunately first home owner benefits aren't available for temporary residents. They also can't be retroactively applied for once permanent residency is obtained, as you must be eligible at the time of signing the contract.

If you are buying the property in conjunction with another person, you must both meet the First Home Owners Grant criteria for the grant to be applicable.

No. A single grant is payable per property transaction not per person.

No, the grant is not means tested.

No, the grant is tax free.

An eligible home will be located in Australia and will be a new or established house, home unit, flat or other type of self contained fixed dwelling that meets local planning standards. The exact specifications will depend on your state.

You would qualify for the grant provided the home is fixed (ie not moveable), but you would not be eligible if you bought a moveable home such as an unfixed mobile home or a caravan.

This depends on the state, with many now limiting the grant to purchasers of new or substantially renovated homes.

In some Australian states and territories there is a cap on the property value. Look at the table further above this page for more information regarding what the cap is for your state.

The First Home Owners Grant scheme is a federal scheme but it is funded and administered by the individual states and territories of Australia, and there are some local differences in eligibility requirements.

You can be eligible for the grant provided you have not owned property in Australia before.

No. You must be a buyer or builder of the property. If you received it as a gift or inheritance you are not eligible for the grant.

Where to from here?

Yes, buying your first home is hard, and yes, saving for your first home deposit is a monumental task.

But while life can be a hard and expensive journey, you can make it easier and more affordable if you hold all the information. Find out more about buying your first home using our first home buyers guide.

It's also useful to compare what home loan rates are to get an idea of what monthly repayments you'll be paying.

Use the table and calculator below to do this.

First Home Buyer Home Loans Comparison

Rates last updated June 28th, 2017
$
Loan purpose
Offset account
Loan type
Your filter criteria do not match any product
Name Product Interest Rate (p.a.) Comp Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment Short Description
3.69%
4.92%
$0
$395 p.a.
95%
A special rate for first home buyers buying residential property and borrowing over $150K. 350K NAB Rewards Points offer available. Terms and conditions apply.
3.74%
3.74%
$0
$0 p.a.
80%
Pay no application fee or ongoing fees with this loan.
3.85%
3.90%
$0
$0 p.a.
90%
Enjoy the low variable rate with $0 ongoing fee and borrow up to 90% LVR.
3.79%
4.11%
$0
$299 p.a.
80%
A fully featured home loan with an offset account and discounts available. $1000 cashback offer available for loans over $300k. Terms and conditions apply.
3.99%
4.04%
$600
$0 p.a.
90%
A basic mortgage with flexible repayments options.
3.69%
3.72%
$0
$0 p.a.
80%
A low rate home loan with no ongoing fees.
3.73%
3.88%
$0
$10 monthly ($120 p.a.)
80%
A low interest rate home loan that allows borrowers to borrow up to 80% of the property value.
3.79%
3.82%
$0
$0 p.a.
90%
Borrow up to 90% property value and pay no application fee.
3.69%
3.69%
$0
$0 p.a.
80%
Enjoy a competitive interest rate when you have a deposit of at least 20%.
3.84%
4.22%
$0
$395 p.a.
95%
Apply for a new owner occupier loan or refinance from another lender and receive this discounted rate.
3.59%
4.48%
$0
$375 p.a.
85%
Discount off an already competitive interest rate for loans over $150k. NSW, QLD and ACT residents only.
3.86%
3.87%
$0
$0 p.a.
80%
A competitive variable rate that allows borrowers to borrow a minimum of $100,000 with a $0 ongoing fee.
4.19%
4.82%
$0
$0 p.a.
95%
A competitive 3 year fixed rate with a redraw facility and split loan options, plus no application fee.
4.54%
4.99%
$0
$0 p.a.
95%
Enjoy a low interest rate and borrow up to 95% (with LMI) of your home value.
4.17%
4.21%
$600
$0 p.a.
95%
A competitive no frills home loan. 350K NAB Rewards Points offer available. Terms and conditions apply.
3.96%
3.98%
$350
$0 p.a.
90%
Take advantage of a redraw facility, competitive variable rate and no application or settlement fees for a limited time.
3.97%
4.02%
$445
$0 p.a.
90%
A competitive budget rate without any unwanted bells and whistles.
4.54%
5.04%
$0
$0 p.a.
95%
Get a short term fixed rate for that investment property with no application or ongoing fees.
3.99%
4.02%
$600
$0 p.a.
90%
Get a 0.60% discount on your rate, a 100% offset account and no ongoing fees.
3.89%
4.04%
$300
$10 monthly ($120 p.a.)
95%
A basic home loan with additional repayment options.
4.59%
4.97%
$0
$0 p.a.
95%
Split your loan for free with one of the lowest fixed home loan rates.
4.19%
4.19%
$0
$0 p.a.
90%
Get a discount on your rate and flexible repayment options with this loan.
4.47%
4.86%
$0
$395 p.a.
95%
A great variable package from NAB which includes offset and redraw features. $0 application fee.
3.88%
3.89%
$0
$0 p.a.
95%
A no frills loan with a competitive rate and a maximum LVR of 95%.

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Abolition of the First Home Saver Accounts (FHSA) Scheme

Saving money for any goal can require dedication, control and perseverance which many of us can find lacking in ourselves especially when the goal is as large as a home loan deposit. That is why the Australian Government introduced the First Home Saver Account in 2008, to make it easier for young Australians to build their home deposit by locking away funds until they're ready to purchase, and even offering government contribution incentives.

However, the Australian government abolished the FHSA scheme on July 1, 2015. This means that all first home saver accounts are now treated like an ordinary held with a provider, and;

  • Restrictions on withdrawals were removed on July 1, 2015. Account holders could withdraw and use the balance of their account as they see fit from this date onwards.
  • No government FHSA contributions were paid for the 2014-2015 financial year.
  • If you were entitled to FHSA contributions for a previous period, the government continued to pay these. If this applies to you, then you need to ensure that you claim any outstanding government FHSA contributions on or before June 30, 2017.
  • Tax and social security concessions ceased from July 1, 2015.

From July 1, 2015:

  • You can use the funds in your account for any purpose.
  • Tax concessions cease.
  • Your account is included in any income and asset tests that apply to government benefits.
  • You must report interest from your account when you complete your tax return (starting with interest earned in the 2015-2016 income year).
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This page was last modified on 28 June 2017 at 10:10am.

Bank of Queensland Fixed Rate Home Loan - 3 Year Fixed Rate Discount Rate $150k+ <80% LVR (Owner Occupier, P&I)

Special offer for new lending of $150k or more & under 80% LVR, this offer has been extended.

Bank Australia Basic Home Loan - Variable (Owner Occupier)

A competitive variable rate that allows borrowers to borrow a minimum of $100,000 with a $0 ongoing fee.

NAB Choice Package Home Loan - 2 Year Fixed (Owner Occupier P&I)

A fixed rate package loan with flexible repayments options. 350K NAB Rewards Points offer available. Terms and conditions apply.

Greater Bank Ultimate Home Loan - Discounted 1 Year Fixed LVR ≤85% ($150K+ Owner Occupier)

Discount off an already competitive interest rate for loans over $150k. NSW, QLD and ACT residents only.

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99 Responses to The state-by-state guide to the First Home Owners Grant

  1. Default Gravatar
    Bradley | June 12, 2017

    I am looking a purchasing a partly built house.(previous owners had a Development application approved by council but it doesn’t appear they ever had any building inspections done.) I would borrow to buy land and finish off the dwelling.

    Would I be entitled to the FHOG

    • Staff
      Anndy | June 13, 2017

      Hi Bradley,

      Thanks for your question.

      Your eligibility to receive FHOG depends on where the property is located. Is some state, FHOG is only available to new or partially renovated homes while in other states, FHOG is also available when buying an established home.

      You may want to take our short quiz above to find out if you’ll be eligible for FHOG or not.

      Cheers,
      Anndy

  2. Default Gravatar
    todd | June 3, 2017

    Do I qualify for FHOG if I already own an investment property but have never lived in a residential property that I own?

    • Staff
      Jonathan | June 3, 2017

      Hi Todd!

      Thanks for the inquiry.

      Please be advised that FHOG usually excludes investment properties. As long as you meet the eligibility criteria as per your local state, you may apply for one.

      Should you need further assistance, you may submit an enquiry by clicking “Speak to a Mortgage Broker” tab on the First Home Buyer Home Loans Comparison table.

      Hope this clarifies.

      Cheers,
      Jonathan

  3. Default Gravatar
    ronda | June 2, 2017

    Hi,

    I am looking at purchasing a home with my sister. I will be a first home buyer while she had purchased and sold her property. will i be still eligible for the FHOG in NSW.
    Thanks

    • Staff
      May | June 2, 2017

      Hi Rhonda,

      Thank you for your inquiry.

      With FHOG, the general rule when buying a property in conjunction with another person, you must both meet the First Home Owners Grant criteria for the grant to be applicable. Best to review the eligibility criteria for the FHOG direct from the official site of the NSW revenue office.

      Cheers,
      May

  4. Default Gravatar
    Nikki | June 1, 2017

    My husband and I bought a home in 1995 and sold it in 1999. We have not been able to get back in the property market, hence never received FHOG. We would want to get out of the rent trap and get back into the market. Are we eligible to FHOG now since we never have received it before?

    • Staff
      Jonathan | June 1, 2017

      Hi Nikmuz!

      Thanks for the comment.

      Kindly take note that FHOG/FHBG is administered by state, therefore some local guidelines may vary per location.

      It would be best to get a professional advice from a mortgage specialist on this matter. You can do so by clicking this page, look for the comparison table and accomplish the enquiry form under “Speak for a Mortgage Broker” tab.

      Hope this helps.

      Cheers,
      Jonathan

  5. Default Gravatar
    Nabeel | May 26, 2017

    Hi, I am looking a property in Victoria regional.That property was build in 2012, so does I get first home buyer grant after 1st July?

    • Staff
      Anndy | May 30, 2017

      Hi Nabeel,

      Thanks for your question.

      You will receive FHOG if you meet all the eligibility criteria in your state.

      The type of home that will qualify for FHOG are homes located in Australia, and will be a new or established house, home unit, flat or other type of self contained fixed dwelling that meets local planning standards. The exact specifications will depend on your state. Also, you or your spouse, partner or co-purchaser may not have claimed the grant previously. Other eligibility criteria apply.

      From 1 July, a $20,000 First Home Owner Grant will be available to applicants buying or building a new home in regional Victoria valued up to $750,000.

      Cheers,
      Anndy

  6. Default Gravatar
    Lisa | May 22, 2017

    Hi – I purchased my apartment solely a few years ago ( missed out by the grant back then by 1 day) my partner and i are looking to purchase our first house or build. Do I qualify for the new grant???

    • Staff
      Anndy | May 22, 2017

      Hi Lisa,

      Thanks for your question.

      You may still qualify to receive the grant if you or your partner have not claimed FHOG grant previously. Other eligibility criteria apply.

      You may want to get in touch with the agency that handles FHOG in your area if you’d like to discuss your eligibility.

      Cheers,
      Anndy

  7. Default Gravatar
    Sam | May 22, 2017

    Hello Team!
    Me & my spouse bought our 1st house in Melbourne in April, it’s an established house, it’s around 6 years old, are we entitled to a FHG?

    • Staff
      Anndy | May 22, 2017

      Hi Sam,

      Thanks for your question.

      For the purpose of FHOG, a qualifying home can be a new or established house, home unit, flat or other type of self contained fixed dwelling that meets local planning standards and are located in Australia. The exact specifications will depend on your state.

      Kindly note that other eligibility criteria apply, as we have listed above.

      Cheers,
      Anndy

    • Default Gravatar
      Sam | May 22, 2017

      Thank you Anndy!

  8. Default Gravatar
    Rick | May 16, 2017

    Hello,

    I was wondering if the SA $15,000 first home owners grant will still be available after July 2017? If so, would it also be able to be used in conjunction with the new salary sacrifice super contributions which are being introduced on July 1st?

    Thank you for your time

    Regards

    Rick

    • Staff
      May | May 30, 2017

      Hi Rick,

      Thank you for your question and for contacting finder.com.au – we are a financial comparison website and general information service we are not mortgage specialists so can only offer general advice.

      Sorry for the delayed reply. To date, the FHOG amounting to $15,000 for eligible applicants in SA is still effective. There are no updates if this may still or may no longer be available after July this year. So best that you visit the official website of the SA Revenue office to confirm. Moreover, the government of SA has no requirements as to how the money is to be used provided you are eligible to receive it.

      Please note though, with regards to the new First Home Super Saver Scheme, there are no indications that you can still access the funds if you will buy your first home before 1 July 2018.

      Cheers,
      May

  9. Default Gravatar
    cam | May 10, 2017

    Is a motorhome eligible for the first home buyers grant? Like it is a “home”. I can’t find a clear answer.

    • Staff
      Anndy | May 11, 2017

      Hi Cam,

      Thanks for your question.

      For the purpose of receiving the grant, an eligible home is a home located in Australia. It can be a new or established house, home unit, flat or other type of self contained fixed dwelling that meets local planning standards. The exact specifications will depend on your state.

      Motorhomes are generally not fixed dwellings ands may not qualify for the FHOG. You can confirm this by directly getting in touch with the agency that handles FHOG in your area.

      Cheers,
      Anndy

  10. Default Gravatar
    Elaine | May 10, 2017

    Hi Team,
    I am going to commence building my first home in August. Our situation up till now is that we have gotten a mortgage on our land which was titled to us and we have started paying against from March. We will be funding our build independently and thus do not have a bank dealing with them or able to put in our first home owner grant application.
    Do i still qualify for this grant and can i apply for it independently?
    Thank You
    Elaine

    • Staff
      Anndy | May 11, 2017

      Hi Elaine,

      Thanks for your question.

      There are different eligibility criteria to qualify for the FHOG, depending on which state the property is located. You can check our guide above for this information.

      In regards to applying for FHOG, aside from submitting your application through an approved agent or bank, you may also directly apply and submit your application to the revenue office in your area. This is normally the option in case you are getting an independent funding.

      Cheers,
      Anndy

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