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.

Fill out the form below and one of our brokers will be in contact to discuss your eligibility

First Home Owner Grant questionnaire

Tell us about yourself:

Has each applicant on or after 1 July 2000:

Contact details

6 October 2020 Update: Great news for first home buyers - 10,000 new First Home Loan Deposit Scheme places have just been released as part of the 2020-21 Federal Budget

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


To be eligible for the FHOG in NSW, you’ll need to meet several conditions:

  • 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. This stamp duty exemption will be in place for 12 months to 31 July 2021, in which the stamp duty exemptions will revert back to $650,000 for homes and $350,000 for land.

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.

Stamp duty savings for first home owners from 1 August 2020

Property type

Purchase price

New stamp duty amount for eligible first home buyers

Stamp duty savings

Vacant land

$350,000

$0 (no change)

$11,085

$400,000

$0

$13,335

$450,000

$8,917.50

$6,667.50

New home

$650,000

$0 (no change)

$24,585

$700,00

$0

$26,835

$800,000

$0

$31,335

$850,000

$10,083.75

$23,501.25

$900,000

$20,167.50

$15,667.50

$950,000

$30,251.25

$7,833.75

Existing home

$650,000

$0 (no change)

$24,585

$700,000

$10,445 (no change)

$16,390

$800,000

$31,335 (no change)

$0.00

Source: Revenue NSW

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.

MC Eguide FHB Grants 255X360

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.


Download now

TBA Couple Happy Laptop 400X400

Get expert home loan advice at no cost to you