First Home Owner Grant (FHOG) NSW

The First Home Owners Grant New South Wales is a one-off payment to help first home owners manage the costs of buying a home. The FHOG is worth $10,000 but it is only available if you buy or build a new home.


NSW First home buyer grants

If you're ready to buy your first home or just doing a bit of research, it's important to understand what Government support is available when it comes to grants and incentives and how much you could save!

In our Mortgage Minute video, Emma provides a comprehensive overview of state-based offers and grants available to first home buyers in NSW.

Now is a great time to take advantage of the First Home Owner Grant in NSW because interest rates are at an all time low, act now!

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Find out if you're eligible for the First Home Owner Grant!

Frequently asked questions about FHOG NSW

How much is the First Home Owners Grant NSW?


The FHOG in NSW is worth $10,000 however conditions apply. To be eligible, your first home must have a total value below $600,000, and be either newly constructed or ‘substantially renovated’. A home is substantially renovated when most or all of the original house was removed or replaced, and it’s the first time the place has been sold, and lived in, after the renovations were completed.

If you plan to build a new home from scratch, you can still be eligible for the FHOG in NSW as long as your land plus the home you build have a combined value of less than $750,000.

First Home Owners Grant NSW eligibility


There are a few rules to be eligible for the First Home Owner Grant in NSW, these conditions are:

  • You must be an individual, not a company or trust
  • You must be aged over 18
  • You, or at least one person you’re buying with, must be an Australian citizen or permanent resident
  • You and your spouse must not previously have owned a home in Australia or received an Australian first home owner grant.
  • You’ll need to live in your first home for at least six months within 12 months of buying or completion of construction

You may still be eligible for the FHOG in NSW if you’ve previously owned a residential property but you haven’t lived in it for more than six months.

How to apply for First Home Owner Grant NSW


Applying for the First Home Owner Grant is easy, and your Mortgage Choice broker can guide you through the paperwork. Simply fill out the form below and a local expert will be in contact with you shortly. 

Are first home buyers in NSW exempt from stamp duty?


Great news for first home buyers in NSW. Under the First Home Buyer Assistance scheme, savings on stamp duty are available to first home owners no matter whether you buy a new or established home.

From 1 August 2020, the NSW government has announced that stamp duty will not be applicable to first home buyers for new properties valued up to $800,000 and vacant land valued up to $400,000. Additionally, a concessional rate of duty will apply to homes valued more than $800,000 but less than $1,000,000 and vacant blocks of land valued more than $400,000 and less than $500,000. This stamp duty exemption will be in place for 12 months to 31 July 2021.

From 1 August 2021 the stamp duty exemptions will revert back to $650,000 for homes and $350,000 for land.

You can still be entitled to savings on stamp duty even if you pay between $650,000 and $800,000 for your first home. The cost of duty rises on a sliding scale. For example, if you pay $700,000, you’ll pay stamp duty of $10,402.33 – a saving of $16,304.67. If your first home costs $795,000, the stamp duty cost will be $30,166.77, providing a saving of $815.23.

Stamp duty savings for first home owners from 1 August 2021

Property type

Purchase price

Stamp duty amount for eligible first home buyers

Stamp duty savings

Vacant land

$350,000

$0

$10,957.00

$400,000

$7,728.50

$5,478.50

$450,000

$15,457.00

$0.00

New & Existing home

$650,000

$0

$22,207

$700,000

$10,402.33

$16,304.67

$800,000

$31,207

$0.00

Source: Revenue NSW

June 2021 Update

Introduced in the 2020-21 Budget, the NSW Government announced a proposal to change the way the current tax system is set up when purchasing properties. This proposal involves giving property buyers the choice to pay stamp duty (and any existing land tax, where applicable) as per the current process, or alternatively elect to pay a smaller annual property tax.

Read more about the NSW Government’s plan to scrap stamp duty and replace it with land tax.

Does the First Home Buyers Grant count towards a Deposit?


Yes, you can use your First Home Buyers Grant for your deposit but it will not cover the full amount needed. You can speak to your local mortgage choice broker to find out more but usually, you will still need between 5% and 10%.

If you are wanting to avoid paying a deposit altogether then you should consider finding a guarantor. They can help provide security for your loan.

How do you Buy Your First Home?


There are many different ways you can go about buying your first home. The best way is to get in touch with a Mortgage Broker, who can show you the State Grants that you're eligible for and can help with your home loan application. Check out our Steps to Buying your First Home for more information on how to buy your first home.

5% deposit home loans for first home buyers in 2021

May 2021 Update

Pay only a 5% Deposit on your Home Loan with the Government's First Home Loan Deposit Scheme. ​As mentioned in the 2021-22 Federal Budget, an extra 10,000 places are to be made available from 1 July 2021 to 30 June 2022.

Download our eGuide below to learn about all the Government grants and schemes available to you and how you could save!​

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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.


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