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.

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.

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First home buyer 2020 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.


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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.

Ready to buy your first home? These grants may help you

  • Stamp duty concessions

    Stamp duty is one of the upfront costs that apply when you buy a home. State Governments offer concessions and exemptions on stamp duty to first home buyers. See if you're eligible and what your stamp duty would be today.

  • HomeBuilder program: $25k cash grant

    Kickstart your 'dream' home with a $25K cash grant under the federal government’s newly announced HomeBuilder program. Find out more and see if you're eligible.

  • 2020 First Home Loan Deposit Scheme

    The new government scheme for first time buyers allows approved applicants to take out a mortgage with just a 5% deposit and avoid paying lenders mortgage insurance. Spots are limited, find out if you're eligible today.

  • WA: $20k 'Building Bonus' Scheme

    Looking to make a fresh start in a new home? The WA Government has announced this $117 million scheme. Owner-occupiers, first home buyers and investors who build a new house could be eligible for this huge $20,000 grant!

  • NT: BuildBonus & Home Renovation grants

    If you're looking to build or buy your home in the Northern Territory, you could be eligible for a $20,000 building grant or $10,000 renovation grant. Find out how you could benefit here.

  • NSW: Stamp duty scrapped for eligible first home buyers

    The NSW Government has announced it will temporarily axe stamp duty on newly build homes under $800,000 until August 2021. Find out if you're eligible today.

  • First Home Owner Grant

    The First Home Owner Grant is a lump sum of cash available to help with the cost of buying your first home or vacant land to build on. Find out more and see if you're eligible.


  • First home buyer information centre

    National Incentives

    The cash grant of $25,000 will be available for both existing property owners and first home buyers that want to build a brand new home or substantially improve their existing home.

    Read more about how it works and the eligibility criteria.

    The government’s scheme is designed to allow easier and faster access to the property market for first home buyers. The scheme will do this by allowing first time buyers to pay a deposit as little as 5%, while avoiding lenders mortgage insurance (LMI). Most banks and lenders require a minimum deposit of 20% of the property’s value for the borrower to be exempt from LMI. Places in this scheme are limited, so you will need to be quick.

    Read more about how it works and the eligibility criteria.

    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!”


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