Guides
First Home Buyer Grants in Australia: What You Need to Know
A comprehensive guide to the grants and incentives available for first-time home buyers across different states in Australia.
“First home buyers often underestimate how many local grants they can access.”
Buying your first home in Australia can be daunting, but there are many grants and incentives available to make the journey easier.
The First Home Owner Grant (FHOG) is one of the key schemes. It’s a national initiative funded by the states and territories, offering a one-time payment to eligible first-time buyers of new homes. The amount and eligibility vary depending on the state — for example, in New South Wales, eligible buyers may receive up to $10,000.
In addition to FHOG, many states offer stamp duty concessions or exemptions for first-time buyers. For instance, in Victoria, homes valued under $600,000 may be completely exempt from stamp duty, and discounts apply for homes up to $750,000.
It's important to check with your local revenue office to understand the specific eligibility requirements and application process. Combining grants with strategic financial planning can help first-time buyers get into the property market sooner.