First Home Buyer Grants

First home owner grant NSW: how much is it and what property qualifies?

New South Wales pays a $10,000 First Home Owner Grant on your first new home. It can be a house, townhouse, apartment, unit or similar that is newly built, bought off the plan or substantially renovated. Established homes do not qualify. The purchase price must not exceed $600,000, or $750,000 for land plus a building contract.

Source: https://www.revenue.nsw.gov.au/grants-schemes/first-home-owner-new-homes-grant, checked 2026-09-06.

First home owner grant Victoria: amount, price cap and regional rules

Victoria pays a $10,000 First Home Owner Grant for a new home worth up to $750,000. The same amount applies across the state, with no separate regional rate in the current scheme. The home can be a house, townhouse, apartment or unit, and it must be new and lived in as your home.

Source: https://www.sro.vic.gov.au/buying-property/first-home-owner-grant/understanding-first-home-owner-grant, checked 2026-09-06.

First home owner grant Queensland: amount, price cap and any end date

Queensland pays a $30,000 First Home Owner Grant for contracts signed on or after 20 November 2023, and $15,000 for earlier contracts. The new home, including land and any contract variations, must be valued at less than $750,000. Queensland Revenue Office lists no closing date for the $30,000 amount.

Source: https://qro.qld.gov.au/property-concessions-grants/first-home-grant/, checked 2026-09-06.

Federal: Home Guarantee Scheme

Covered in detail in our Home Guarantee Scheme guide. Federally available, lets eligible FHBs buy with 5% deposit (or 2% for single parents) without paying LMI, subject to property price caps by region.

State First Home Owner Grants (FHOG)

FHOG is a one-off cash payment for buyers of new homes (or substantially renovated). Amount and eligibility differ by state. Current values (subject to change, check your state revenue office):

• NSW, $10,000 for new homes ≤$600K (or land + build ≤$750K)
• VIC, $10,000 for new homes ≤$750K
• QLD, $30,000 for new homes (the boost was due to expire 30 June 2026 but has been extended and continues for contracts signed from 1 July 2026 onward)
• WA, $10,000 for new builds ≤$800K south of the 26th parallel (raised from $750K on 7 May 2026), ≤$1M north of it
• SA, $15,000 for new homes, no property value cap since 6 June 2024
• TAS, $20,000 for new builds (1 Jul 2026 to 30 Jun 2027, no price cap; established-home duty exemption ended 30 Jun 2026)
• ACT, concession-only, no cash grant since 2019
• NT, HomeGrown Territory grant: $50,000 for a new build or purchase, $10,000 for an established home (contracts 1 Oct 2024 to 30 Sep 2027, no price cap)

Stamp duty concessions (the bigger savings)

Stamp duty concessions for first-home buyers usually save more than the FHOG cash payment. NSW: full exemption ≤$800K (new and existing homes alike), concessional rate from $800K to $1M. VIC: full exemption ≤$600K, sliding scale to $750K. QLD: full exemption ≤$700K, concession phasing out at $800K (unchanged since June 2024). WA: full exemption ≤$600K, concession to $800K statewide (raised from $500K/$700K on 7 May 2026). NT has no general first-home-buyer duty exemption, though a separate house-and-land package exemption can apply. Worth confirming current settings on your state revenue office website at the time of purchase.

State government low-deposit lenders

Separately from the FHOG cash payments and the federal Home Guarantee Scheme above, South Australia and Western Australia each run their own state government home lending body outside the mainstream bank panel. HomeStart Finance (SA) offers low-deposit loans from 2% to 5% deposit with no LMI. Keystart (WA) offers a similar low-deposit path, from 2% deposit with no LMI. Both assess eligibility and income differently to a bank, so check their own sites for current criteria.