First home buyers' Government grants by State

A state by state breakdown of Government grants and incentives, which could help you save on the purchase of your first home.

Article Updated 12 April 2021

Hurry in! Some first home buyer incentives are set to change soon.

A financial helping hand can help you get into your first home sooner - but don’t delay!

NSW first home buyers who buy a home before 31 July 2021 can score big savings on stamp duty!

Buy a home or vacant land before 31 July, and you could be eligible to pay zero stamp duty on new homes worth up to $800,000 or established homes valued up to $650,000 under the First Home Buyer Assistance Scheme . It’s saving worth tens of thousands – and you could still be eligible for partial savings on duty if you pay above these amounts.

This is a blockbuster saving! Waste no time getting in touch with your Mortgage Choice broker to know how you can save.

The stamp duty thresholds are set to change after 31 July, click here to read more.

If you’re struggling to pull together a big deposit, the First Home Loan Deposit Scheme (FHLDS) can help you get into the market before prices rise higher.

The FHLDS lets you buy with just 5% deposit and no lenders mortgage insurance. So it’s a way to get into the market sooner and lower your upfront buying costs. The perfect combo, right?

The FHLDS is ongoing, but numbers are limited – and spots fill fast!

In February 2021, an extra 1,800 were added to the current financial year quota of FHLDS places. It’s a brilliant chance to secure your place in the Scheme without having to wait until July, when the next round of places become available.

Conditions apply so hurry in and speak to your Mortgage Choice broker to know if you could be eligible, and get the ball rolling sooner, click here to read more.

Contact your local Mortgage Broker today to find out what you could be eligible for before it's too late

Savings and a new home? Yes please! Here is a state by state breakdown of Government grants and incentives, which could help you save on the purchase of your first home.

Buying a property is one of the biggest financial commitments you’ll make. It’s important to remember, expert advice matters, your local Mortgage Choice broker is there to help provide you with the information you need to guide you along your journey and make better decisions.

MC Eguide FHB Grants 255X360

First home buyer 2021 grants guide

If you're looking at buying your first home it's worth knowing what Government help is available. This guide will walk you through all the grants and schemes to help you save.


Download now

The First home Owner Grant and other state by state incentives

The First Home Owners Grant is a financial helping hand from your state or territory government to help you buy your first home.

The First Home Owner Grant is a lump sum of cash available to first home owners to help with the cost of buying a first home or vacant land to build a home on. The Grant doesn’t have to be repaid, and it’s not taxable, but there are strings attached.

Read more about how it works and the eligibility criteria.

Can I access more than one grant or incentive? If eligible, yes!

The good news - the incentives have been designed to compliment each other. So, if eligible, you can potentially combine a few of these grants and incentives meaning you can maximise your savings!

Not only would it greatly benefit your financial situation it could just boost your chances of becoming a homeowner sooner.

Don’t delay and give us a call now. Your local Mortgage Choice broker can let you know what’s available to you, and get the ball rolling so you can get you into your first home sooner.

Customer success stories to inspire you

Pre-approval helps first home buyers get their dream home

“Lindon guided us from start to finish and explained everything in depth and detail. We feel very grateful Lindon was able to assist us with one of the biggest life decisions we have made.”

Refinancers save $1,000 per month

“We were so impressed with how quick, easy and effortless James made the whole process. As a young, growing family the savings we are now making as a result has made a significant impact.”

First home buyers save over $60K

“Scott helped us realise our dream by walking us through the steps and helping us understand all the correct processes we had to take”

First home buyers build their dream home

“Our broker made sure we got a good deal in the current market conditions. She takes her job and her duty to clients seriously. She is a superstar! I would recommend her team to anyone who is looking for a broker!”


TBA Couple Dancing Kitchen 400X400

Ready to buy your first home? Get your free home loan quote today.

1 https://www.mortgagechoice.com.au/blog/first-home-buyers/2020/07/stamp-duty-scrapped-for-eligible-nsw-first-home-buyers/