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First Home Owner Grant (FHOG)

The FHOG scheme is a national scheme funded by the Federal Government, but administered through each state or territory Revenue Office. The amount available ranges from $7,000 up to $26,000.


First Home Owner Grants and Incentives by state

First Home Owner Grant
  • First Home Buyer Grant: $7,000
  • New or Established Properties: New/substantially renovated
  • Max. Value of Property: $750,000

The ACT provides first home buyers with a $7,000 grant towards the purchase of their property. The property must be newly built or substantially renovated and valued at a maximum of $750,000 in order to qualify for the grant. Payment of the First Home Owner Grant will end for transactions entered into after 30 June 2019.

Home Buyer Concession Scheme

In addition to the FHOG, you may also be eligible for the Home Buyer Concession Scheme (HBCS). The HBCS allows a concession on stamp duty if you purchase a new home or a block of vacant residential land.

For more detailed info click here.

First Home Owner Grant
  • First Home Buyer Grant: $10,000
  • New or Established Properties: New
  • Max. Value of Property: $750,000

First Home Buyers who build or buy a new dwelling may qualify for a grant of up to $10,000. The NSW state government qualifies a new home as a home that has not been previously occupied or sold as a place of residence and includes a home that has been substantially renovated or, a home built to replace demolished premises.

First Home Buyers Assistance Scheme

In addition, first home buyers purchasing new or established homes up to the value of $650,000 will no longer have to pay stamp duty. FHB who buy homes up to the value of $800,000 will receive a concession on their stamp duty.

For more detailed info click here.

First Home Owner Grant
  • First Home Buyer Grant: $26,000
  • New or Established Properties: New
  • Max. Value of Property: No max

First home buyers who purchase or build a new home may be eligible to receive a $26,000 grant. As of 1 January 2015, there is no threshold on the value of the home.

First Home Owner Discount

The First Home Owner Discount (FHOD) was designed to assist first home buyers in NT with the purchase of an 'established' home up to the value of $650,000, as long as it is also their first home in Australia. The FHOD is a full stamp duty concession on the initial $500,000 value of the home, which equates to stamp duty savings of up to $23,928.60.

Principal Place of Residence Rebate

The Principal Place of Residence Rebate, provided by the NT Government, is for persons purchasing a 'new' home or land on which to build a home (as well as those considered substantially renovated). It is an amount up to $7,000 off the total stamp duty payable.

For more detailed info click here.

First Home Owner Grant
  • First Home Buyer Grant: up to $20,000
  • New or Established Properties: New
  • Max. Value of Property: $750,000

If you're buying or building a new home you may also be eligible for the Queensland First Home Owner's Grant.

Depending on the date of your contract, you could be eligible o up to $20,000 towards purchasing or building a new home to the value of $750,000.

First Home Buyers Concession

In Queensland, you may be eligible to claim a concession on the cost of transfer of duty. If you meet certain eligibility requirements, the duty may be scraped altogether. In order to qualify, you must never have held an interest in residential land anywhere in the world, never claimed the first home vacant land concession, and the home you purchase must be valued at less than $550,000.

For more detailed info click here.

First Home Owner Grant
  • First Home Buyer Grant: $15,000
  • New or Established Properties: New
  • Max. Value of Property: $575,000

In South Australia, first home buyers purchasing new homes may be eligible for a grant of up to $15,000.

A partial stamp duty concession for contracts entered into from 1 July 2018 are no longer available.

For more detailed info click here.

First Home Owner Grant
  • First Home Buyer Grant: up to $20,000
  • New or Established Properties: New
  • Max. Value of Property: No max

The Tasmanian Government has extended the $20 000 First Home Owner Grant for another year. Any first home buyers who buy or build a new home between now and 30 June 2019, may be eligible for the grant.

First Home Buyer Concession

The concession provides a 50 percent discount on property transfer duty for first home buyers of established homes, which have a dutiable value of $400 000 or less. The discount is available for purchases that settle (i.e. transfers that complete) within the period 7 February 2018 and 6 February 2019.

For more detailed info click here.

First Home Owner Grant
  • First Home Buyer Grant: $10,000 - $20,000
  • New or Established Properties: New
  • Max. Value of Property: $750,000

First home buyers purchasing a new property up to the value of $750,000 may be eligible for a $10,000 First Home Owners' Grant.

Those purchasing and/or building new homes in regional Victoria up to the value of $750,000 may be eligible for a $20,000 grant.

Stamp duty concession

The Victorian state government will also abolish stamp duty for first home buyers purchasing a home with a dutiable value of $600,000 or less. In addition, those purchasing a property worth between $600,000 and $750,000 will receive some form of stamp duty concession.

New Pilot Shared Equity Scheme

Under the terms of the new Pilot Shared Equity Scheme, eligible first home buyers will only need to have a 5% deposit in order to buy a home. The Victorian State Government takes a proportional interest of up to 25% in the property.

First home buyers will then be able to take out a loan that is worth 70% of the value of the home (thanks to their 5% deposit and the Government’s 25% stake in the property).

Once the first home buyer sells the property, they will just have to repay the Government’s proportional interest.

To be eligible for the Government support, singles must be earning an annual income of $75,000 or less and couples must have a combined household income of $95,000 or less.

For more detailed info click here.

First Home Owner Grant
  • First Home Buyer Grant: $10,000
  • New or Established Properties: New/substantially renovated
  • Max. Value of Property: $750,000 - $1,000,000

Western Australia first home buyers purchasing or building a new home may be eligible for a $10,000 grant. The maximum amount a first home buyer can spend on their property in order to receive the grant varies from area to area.

First Home Owner Rate

The First Home Owner Rate (FHOR) is a concession on transfer duty. A person who is not entitled to the FHOR of duty due to the value of the home or vacant land exceeding the specified thresholds may be eligible for the Residential Concessional Rate (RCR) of transfer duty.

For more detailed info click here.

First home buyer's guide

Purchasing your first property can be an overwhelming process and there may be steps you are unsure or unaware aware of. This guide will walk you through all of the steps involved in the buying process.


Download now


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Who is eligible for the grant?

  • You must be an Australian citizen or a permanent resident of Australia
  • You must intend to live in the home as your primary residence within 12 months of settlement
  • There are no restrictions as to your income or the area in which you plan to buy or build
  • You must be buying or building your first home in Australia
  • If you're planning to purchase your first home with another person, both of you must meet the eligibility criteria

 

Are you eligible for a First Home Owner Grant?

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