First Home Owners Grant Guide

First Home Buyers Grant

In some of the grants explained below you will see the term 'Substantially Renovated Home'. This means, a home that has not been sold or occupied as a residential property since the renovations were carried out.

'Buying' in reference to a new home, also includes building or purchasing 'off the plan' homes.

There are also stamp duty concessions for first home buyers, find out what these are in our Stamp Duty Guide. The government also has all the details of these grants available through their First Home site. Please check the official terms and conditions, and/or talk to a qualified financial professional before making a decision, as we are not able to asses your personal circumstances.

Australian Capital Territory

First Home Owners Grant (FHOG)

Beginning September 2013 the grant is now $12,500, but is only applicable if you are purchasing a new or substantially renovated property, it is no longer available for buying existing properties.

New South Wales

First Home Owner Grant (New Homes) Scheme

Available if you are a first home buyer, and buying a new or substantially renovated home up to the value of $650,000. The grant is $15,000. It will reduce to $10,000 from 1st of January 2016.

First Home - New Home Scheme

NSW also has an additional scheme to exempt (or provide concessions to) first home buyers from transfer duties. A new home valued up to $550,000 will be exempt from transfer duties, and a concession will apply for homes valued up to $650,000. Vacant residential land is exempt from transfer duties up to $350,000, and concessions are available up to $450,000.

Northern Territory

First Home Owner Grant (FHOG)

Available to first home buyers buying an established home up to the value of $600,000, or a new home of any value (no threshold applies for new homes). For a new home, the grant is $26,000. For established homes, the grant is $12,000 if a home is in a 'Designated Urban Area', if the home isn't in one of these areas, then the grant is $25,000. Beginning January 1, 2015, the grant will be discontinued for establidhed homes, with no changes for new homes.

South Australia

First Home Owners Grant (FHOG)

This is given to first home buyers, buying a home worth up to $575,000. If the home is already established, the grant is $5,000, although this will cease starting July 1, 2014. If it is a new or substantially renovated home, the grant is up to $15,000.


Great Start Grant

Available for first home buyers who are buying a new or substantially renovated home, up to the value of $750,000. The grant is $15,000.


First Home Owner Grant (FHOG)

Tasmania has no cap on the price of the home you are purchasing, it also does not have to be a new home, as long as you are a first home buyer, you will receive the $7,000 grant.

First Home Builder Boost (FHBB)

You will receive an additional $8,000 grant if the home you are buying is a new home. For contracts entered into for new homes between 7 November 2013 and 31 December 2014, the FHBB is increased to $23,000.


First Home Owners Grant (FHOG)

This grant is $10,000 and is only available to first home buyers buying new or substantially renovated homes, up to the value of $750,000.

Western Australia

First Home Owners Grant (FHOG)

WA offers a $10,000 grant to first home buyers purchasing a new home, or a $3,000 grant for an established home. The value of the home can be up to $750,000 if the property is south of the 26th parallel of south latitude. If the property is north of the 26th parallel of south latitude, then the value of the property can be up to $1,000,000.

Now that you have the information on the grants available, head on over to our Home Loan Comparison Page, to compare a selction of home loans and find one to suit your needs.

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