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

Find out if you're eligible for the First Home Owners Grant.

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

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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.

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:

  • 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 will be required 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, as you must be eligible at the time of signing the contract.
  • I am buying the property jointly with a friend. Do we both have to be eligible? 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.
  • 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? An eligible home must 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. 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 November 20th, 2018
$
Loan purpose
Offset account
Loan type
Repayment 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
3.59%
3.61%
$0
$0 p.a.
90%
Get a low interest rate loan with no ongoing fees. Plus you can make extra repayments and free redraw online. Available with just a 10% deposit.
3.59%
3.59%
$0
$0 p.a.
80%
Enjoy flexible repayments, a redraw facility and the ability to split your loan. Plus, pay no application or ongoing fees.
3.57%
3.58%
$0
$0 p.a.
80%
Get a very low interest rate and avoid big fees. Apply online for full approval in under 30 minutes and add a 100% offset account for $10 a month.
3.49%
3.53%
$250
$0 p.a.
80%
A very low variable interest rate for borrowers with a 20% deposit. Add a 100% offset account for $10 a month.
3.74%
3.74%
$0
$0 p.a.
110%
Pay no deposit or LMI and get a discounted rate with this family pledge loan. Requires a family member to act as guarantor. NSW, Qld and ACT only.
3.64%
3.66%
$0
$0 p.a.
80%
A simple mortgage with a competitive interest rate and no application or monthly fees. Borrow up to $2000000 from a convenient online lender.
3.54%
3.57%
$0
$0 p.a.
80%
A competitive variable essentials rate mortgage targeting first home buyers. Requires a 20% deposit.
3.68%
3.70%
$0
$0 p.a.
80%
This loan offers a competitive variable rate and a 100% offset account to help save you on interest repayments.
3.68%
3.82%
$0
$10 monthly ($120 p.a.)
80%
Get double Velocity Frequent Flyer Points with this mortgage to spend on flights and more (for a limited time, subject to eligibility requirements). Redraw facility available on this variable rate home loan. Competitive interest rate.
3.69%
4.13%
$500
$0 p.a.
95%
Competitive 3-year rate for homeowners. Comes with a low deposit option and 100% offset account.

Compare up to 4 providers

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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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Important Information*
UBank UHomeLoan Variable Rate - Discount offer for Owner Occupiers, P&I Borrowing over $200,000

Take advantage of a low-fee mortgage with a special interest rate of just 3.59% p.a. and a 3.59% p.a. comparison rate.

loans.com.au Essentials - Variable (Owner Occupier, P&I)

A competitive interest rate home loan with interest only options. Interest rate 3.64% p.a.
comp rate of 3.66% p.a.

Tic:Toc Live in Loan Variable Rate - Principal & Interest

Get a very low interest rate and avoid big fees. Apply online for full approval in under 30 minutes and add a 100% offset account for $10 a month.

HSBC Home Value Loan - (Owner Occupier P&I)

Get a low interest rate loan with no ongoing fees. Plus you can make extra repayments and free redraw online. Available with just a 10% deposit.

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123 Responses

  1. Default Gravatar
    September 17, 2018

    Am I eligible to apply for the first home owners grant to use as a deposit for a loan in Qld? I am also on the pension and not working, a good credit rating, have had prior personal loans that have been paid off on time. Would I be eligible to apply for a home loan with suitable providers?

    • finder Customer Care
      JhezelynSeptember 17, 2018Staff

      Hello,

      Thank you for your comment.

      Using your FHOG as a deposit may be possible. Generally, if you are looking to use the FHOG as your deposit, the following requirements need to be met:

      – You need to be renting at the moment and you need to show a satisfactory rental payment history over the last 6 months, to show you can afford loan repayments once you get your first home
      – The property you are purchasing must be a ‘brand new’ apartment/townhouse/house that has never been lived in (as the Grants only apply to new houses)
      – Good credit history
      – Sufficient income to support the home loan repayments
      – The Grant must not exceed 5% of the total property purchase price

      Please note that the eligibility for the FHOG may vary per state, so best to visit your state’s office of revenue website.

      You may please check our home loans for pensioners guide on this page. It would be best to contact a mortgage broker so you can discuss options based on your needs.

      Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.

      Regards,
      Jhezelyn

  2. Default Gravatar
    EjAugust 30, 2018

    I am buying land and building a house in NSW. I have concession for stamp duty on the land. For the FHOG for the building of a house, does the $750,000 include both the land and the build or is it just the build?

    • finder Customer Care
      JeniSeptember 3, 2018Staff

      Hi EJ,

      Thank you for getting in touch with finder.

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

      I hope this helps.

      Please feel free to reach out to us if you have any other enquiries.

      Thank you and have a wonderful day!

      Cheers,
      Jeni

  3. Default Gravatar
    MegAugust 5, 2018

    If we were to buy our first home in Vic and go travelling overseas for 12 months, but store all of our belongings at the property and not rent it out, would that count as being our principle property to still be eligible for the grant?

    • finder Customer Care
      JeniAugust 15, 2018Staff

      Hi Meg,

      Thank you for getting in touch with finder.

      That’s a nice question!

      The residency requirement necessitates that you must intend to live in your home for at least a year as your PPR within 12 months of settlement or completion of construction of your home. With two or more owners on title, at least one of them has to satisfy the residency requirement so if you would be overseas and someone would be home – that’s absolutely fine. Please note that it is not necessary for the same owner to live in the property for the entire 12 months .

      If the whole family needs to be overseas and no one would be home, I suggest that you speak to the state revenue office representative regarding that. You must tell the state revenue office of Victoria in writing as soon as possible if circumstances beyond your control prevent you from satisfying this requirement of this grant you have received.

      Please note your home must be lawfully fit for residential occupation to be considered your PPR.

      I hope this helps.

      Please feel free to reach out to us if you have any other enquiries.

      Thank you and have a wonderful day!

      Cheers,
      Jeni

  4. Default Gravatar
    WaydeJune 7, 2018

    Can the FHOG be used to purchase an overseas first home?

    • finder Customer Care
      NikkiJune 8, 2018Staff

      Hi Wayde,

      Thanks for getting in touch!

      The FHOG can only be used for a home/investment in Australia.

      Hope this clarifies!

      Cheers,
      Nikki

  5. Default Gravatar
    October 31, 2017

    I bought my first home about 2years ago i was never advised of these grants i didn’t receive anything can i still claim as i bought new i have spent thousands fixing it due to poor workmanship is it to late to claim

    • finder Customer Care
      HaroldOctober 31, 2017Staff

      Hi Shane,

      Thank you for your inquiry.

      The grants vary by state. It would be nice that you will seek for professional legal advice pertaining to the state where you bought your home. For your reference please read the guide provided on this page. In relation to this, due to two years have passed you may ineligible for the grant.

      I hope this information has helped.

      Cheers,
      Harold

  6. Default Gravatar
    LauraOctober 21, 2017

    I am a first home buyer, purchased a property and got the free stamp duty.
    When do I have to move into the property? I currently have tenants. I understand I have to be the primary resident for a continuous 6 months, within the first 12months however, do I have to move in at month 6 or can I wait till the 11th month then move in? The property is in NSW.

    • Default Gravatar
      LiezlOctober 22, 2017

      Hi Laura,

      To reiterate the residency requirement – at least one of the applicants must occupy the home as their principal place of residence for a continuous period of 6 months commencing within 12 months from completion of the agreement. Hence, you would have to move latest at the end of the 6th month to satisfy the condition. Moving at the start 11th month will only complete 2 months of the first year from owning your home.

      Cheers,
      Liezl

  7. 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.

  8. 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

    • Default Gravatar
      DanielleSeptember 14, 2017

      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

  9. 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

    • Default Gravatar
      ArnoldAugust 4, 2017

      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

  10. 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?

    • Default Gravatar
      ArnoldJuly 9, 2017

      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

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