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 of a purchased property must not exceed $600,000 and the value of a constructed home must not exceed $750,000.

Are stamp duty concessions available?

Yes, the First Home Buyers Assistance scheme provides first home buyers with exemptions from transfer duty on new homes valued up to $650,000 and concessions for new homes valued between $650,000 and $800,000. 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
$650,000$0
$660,000$2,090
$670,000$4,190
$680,000$6,290
$690,000$8,390
$700,000$10,490
$710,000$12,590
$720,000$14,690
$730,000$16,790
$740,000$18,890
$750,000$20,990
$760,000$23,090
$770,000$25,190
$780,000$27,290
$790,000$29,390
$800,000No 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 October 20th, 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
3.54%
3.56%
$0
$0 p.a.
80%
For new home buyers only. No refinance option. A low interest variable home loan with no application fee and free redraws.
3.65%
3.66%
$0
$0 p.a.
90%
Enjoy a low variable rate with no ongoing fees and borrow up to 90% of the value of the property.
3.79%
3.82%
$0
$0 p.a.
90%
A home loan with a special rate for owner occupiers. Free offset account.
3.69%
4.86%
$0
$395 p.a.
90%
A special rate for first home buyers buying residential property and borrowing over $150K. 350K NAB Rewards Points offer available. Terms and conditions apply.
3.64%
3.66%
$0
$0 p.a.
80%
A basic home loan with a competitive rate and low fees.
3.68%
3.83%
$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.
3.96%
3.98%
$0
$0 p.a.
90%
Take advantage of a redraw facility, competitive variable rate and no application or settlement fees for a limited time.
3.74%
3.74%
$0
$0 p.a.
80%
Combine a low variable interest rate and free redraw with no application or ongoing fees.
3.69%
3.72%
$0
$0 p.a.
80%
A low rate home loan with no ongoing fees.
3.64%
4.03%
$0
$395 p.a.
95%
Apply for a new owner occupier loan or refinance from another lender and receive this discounted rate.
3.49%
4.47%
$0
$375 p.a.
90%
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%
Pay no ongoing fees on a competitive variable rate home loan.
3.99%
4.77%
$0
$0 p.a.
95%
A competitive 3 year fixed rate with a redraw facility and split loan options, plus no application fee.
3.94%
4.88%
$0
$0 p.a.
95%
Enjoy a low interest rate and borrow up to 95% (with LMI) of your property's value.
3.65%
4.84%
$0
$395 p.a.
90%
A 2 years fixed platinum package that has $0 application and a loan redraw facility.
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.
3.97%
4.02%
$445
$0 p.a.
90%
Get a competitive rate without features you may not use.
3.94%
4.98%
$0
$0 p.a.
95%
Investors can take advantage of a short term fixed rate with no application or ongoing fees.
3.99%
4.02%
$600
$0 p.a.
90%
Take advantage of a 0.60% discount on your rate, a 100% offset account and no ongoing fees.
3.99%
4.80%
$0
$0 p.a.
95%
A low 3-year fixed rate with the option to split your loan for free.
4.19%
4.19%
$0
$0 p.a.
90%
Get access to a redraw facility and offset account without the annual fee.
4.39%
4.78%
$0
$395 p.a.
95%
Package your home loan to get discounts on your interest rate and other financial products.
3.80%
3.81%
$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 2 August 2017 at 7:08am.

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Pay no ongoing fees on a competitive variable rate home loan.

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

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

Greater Bank Ultimate Home Loan - Discounted 1 Year Fixed LVR ≤90% ($150K+ Owner Occupier)

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

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111 Responses

  1. Default Gravatar
    PeterSeptember 20, 2017

    I currently own an investment property in NSW. Do I still qualify for stamp duty exemptions if I purchase a property now as a owner occupier and live in it for 6months.

  2. Default Gravatar
    MargretSeptember 13, 2017

    My husband owned a house in 1987 with his first wife now remarried are we or am I intitled to the first home buyers grant ? Has I have never owned a house before .. thanks

    • Staff
      DanielleSeptember 14, 2017Staff

      Hi Margret,

      Thank you for contacting finder. We are a comparison website and general information service, we’re more than happy to offer general advice.

      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.

      I would suggest that you contact a mortgage expert within your area, or your local council, to verify if you or the both of you will still be eligible for a FHOG.

      I hope this helps.

      Cheers,
      Danielle

  3. Default Gravatar
    BrenAugust 2, 2017

    If you have a first home buyers grant – what happens if in the future someone wants to buy into the property if you got into a relationship for e.g

    • Staff
      ArnoldAugust 4, 2017Staff

      Hi Bren,

      Thanks for your inquiry.

      It wouldn’t have any effect. As long as you are first home owners that fulfill the eligibility criteria as outlined by the governing state. For more information please see our FHOG guide here https://www.finder.com.au/home-loans/first-home-owners-grant

      Hope this information helped.

      Cheers,
      Arnold

  4. Default Gravatar
    LynetteJuly 9, 2017

    What sort of document/receipt from purchasing a fixed home in a caravan park from a private sale will I need to support evidence for a first home grant refund in Qld and where / how do I apply for this $15,000 return is my question?

    • Staff
      ArnoldJuly 9, 2017Staff

      Hi Lynette,

      Thanks for your inquiry.

      Please prepare the following documents:

      1. A new and completed declaration or application form for the relevant exemption, concession or reduction and applicable period.
      2. A covering letter outlining your reasons for a refund
      3. Any supporting documents requested in the application form specific to your circumstances.

      For more information, please visit this government page.

      Hope this information helped.

      Cheers,
      Arnold

  5. Default Gravatar
    ZinaJune 29, 2017

    I am possibly inheriting a property as a co owner with my siblings. If I’m listed as an owner for this property, will I lose my entitlement to a first home buyers grant?

    • Staff
      JonathanJune 29, 2017Staff

      Hi Zina!

      Thanks for the question.

      If you held a relevant interest in the previous home on or after 1 July 2000 and did not occupy it for a continuous period of six months or more, you may be eligible. Some state specific rules may be applicable, so you may need to confirm this with your local property office.

      Hope this helps.

      Cheers,
      Jonathan

  6. Default Gravatar
    BassLocalJune 14, 2017

    I am looking to purchase a rural block of land to build a small dwelling on, How long after purchasing the block do i have to start or finish building, Thankyou

    • Staff
      LiezlJuly 1, 2017Staff

      Hi BassLocal,

      Thanks for your question.

      That will actually depend on the location of the property which you intend to purchase as the eligibility criteria vary from state to state.

      For instance, if this property is in Victoria, owner builders who begin building their home wholly in regional Victoria within this 1 July 2017 to 30 June 2020 period and meet all the other FHOG eligibility criteria qualify for $20,000 FHOG.

      In NSW on the other hand, there is no time limit on when you need to commence building the home. However, the Chief Commissioner must be satisfied that the vacant land is intended to be used as the site of a new home which will be occupied by the applicants.

      It’s a good idea to check State Revenue’s website for full information on FHOG scheme in your state.

      I hope this helps.

      Cheers,
      Liezl

  7. Default Gravatar
    BradleyJune 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
      AnndyJune 13, 2017Staff

      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

  8. Default Gravatar
    toddJune 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
      JonathanJune 3, 2017Staff

      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

  9. Default Gravatar
    rondaJune 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
      MayJune 2, 2017Staff

      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

  10. Default Gravatar
    NikkiJune 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
      JonathanJune 1, 2017Staff

      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

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