What is the First Home Owners Grant (NEW HOME)?

The First Home Owners Grant (FHOG) scheme was first introduced on 1 July 2000 in order to offset the outcome of GST on home ownership. This is a national programme that is subsidised by states and territories and is managed under their own legislation.

Under this scheme, a one-off subsidy is owed to first homeowners that fulfil all the eligibility criteria.

To find out if you are eligible or to acquire some more information regarding the First Home Owner Grant, select the state or territory in which you intend to purchase your first home.

Select your State

New South Wales

Grant Value

$10,000 towards the purchase price, in addition to the First Home Buyers Assistance Scheme benefits.

Requirements

  • Buying or building your first home
  • It’s a new home that no one has lived in before
  • It’s worth no more than $750,000

Who can Apply

To qualify as a first home buyer, you must be purchasing the first home you or your spouse have owned or co-owned in Australia, although there are some exceptions.

You must also move into the property within 12 months of settlement and live there for at least 6 continuous months.

You must be:

  • an Australian citizen or a permanent resident of Australia
  • at least 18 years old

Australian Capital Territory

Grant Value

The First Home Owners Grant (FHOG) ACT has been replaced with exemptions on stamp duty (New Home Buyer Concession Scheme).

Requirements

  • All properties in the ACT are eligible for the Home Buyer Concession Scheme
  • Applies to vacant land, as well as new and established homes

Who can Apply

To qualify for the Home Buyer Concession Scheme, you cannot be a current homeowner and must not have owned any other property in the last two years.

Eligibility also depends on how much you earn. Income limits apply, and these vary according to the number of dependent children you have.

You must also move into the property within 12 months of settlement and live there for at least 12 continuous months.

You must have not previously received a first home owner grant in any state or territory in Australia.

You must be:

  • an Australian citizen or a permanent resident of Australia
  • at least 18 years old

Queensland

Grant Value

$15,000 towards the purchase price

Requirements

  • Buying or building your first home
  • It’s a new home that no one has lived in before
  • It’s worth no more than $750,000

Who can Apply

You must be:

  • an Australian citizen or a permanent resident of Australia (or applying with someone who is)
  • at least 18 years old
  • you or your spouse must not have previously owned a property in Australia that you have lived in
  • you must intend to move into the new home as your principal place of residence within 1 year of the completed transaction and live there continuously for 6 months
  • have not previously received a first home owner grant in any state or territory in Australia

Victoria

Grant Value

$10,000 towards the purchase price

Requirements

  • Buying or building your first home
  • It’s a new home, a home that has been substantially renovated, or a home built to replace demolished premises
  • It’s worth no more than $750,000

Who can Apply

You must be:

  • an Australian citizen or a permanent resident of Australia (or applying with someone who is)
  • at least 18 years old
  • you or your spouse must not have previously owned a property in Australia prior to 1 July 2000
  • you must intend to move into the new home as your principal place of residence within 1 year of the completed transaction and live there continuously for 12 months
  • have not previously received a first home owner grant in any state or territory in Australia

South Australia

Grant Value

$15,000 towards the purchase price

Requirements

  • Buying or building your first home in South Australia
  • It’s a new home, a home that has not been previously occupied or sold as a place of residence, including a substantially renovated home
  • The market value of the property worth no more than $575,000

Who can Apply

You must be:

  • an Australian citizen or a permanent resident of Australia (or applying with someone who is)
  • at least 18 years old
  • you or your spouse must not have previously owned a property in Australia prior to 1 July 2000
  • you must intend to move into the new home as your principal place of residence within 1 year of the completed transaction and live there continuously for 6 months
  • have not previously received a first home owner grant in any state or territory in Australia

Tasmania

Grant Value

$30,000 towards the purchase price for transactions that commence between 1 April 2021 and 30 June 2023.

Requirements

  • Buying or building your first home in Tasmania
  • A new home is a home that has not previously been occupied or sold as a place of residence and includes kit homes.

Who can Apply

You must be:

  • a natural person (not a company)
  • an Australian citizen or a permanent resident of Australia (or applying with someone who is)
  • at least 18 years old
  • you or your spouse must not have previously owned a property in Australia prior to 1 July 2000
  • intending to occupy the home as your principal place of residence for a continuous period of at least 6 months, commencing within 12 months of completion of an eligible transaction
  • have not previously received a first home owner grant in any state or territory in Australia

Western Australia

Grant Value

$10,000 towards the purchase price or the consideration paid to buy or build the house if less than that amount

Requirements

  • Purchasing or building a new home
  • A home that has been substantially renovated may be considered a new home. The grant is not available for the purchase of an established home or for renovations to an existing home.
  • The cap on the total value of the home and land varies depending on where the home is located:
    • South of the 26th parallel – value of land and building is up to $750,000. All Perth metropolitan areas are south of the 26th parallel
    • North of the 26th parallel – value of land and building is up to $1,000,000

Who can Apply

You must be:

  • an Australian citizen or a permanent resident of Australia (or applying with someone who is)
  • at least 18 years old
  • you or your spouse must not have previously owned a property in Australia prior to 1 July 2000
  • intending to occupy the home as your principal place of residence for a continuous period of at least 6 months, commencing within 12 months of completion of an eligible transaction
  • have not previously received a first home owner grant in any state or territory in Australia

Northern Territory

Grant Value

$10,000 towards the purchase price

Requirements

  • Purchasing or building a new home
  • A home must have never previously been lived in or sold as a place of residence. A substantially renovated home may be considered a new home

Who can Apply

You must be:

  • an Australian citizen or a permanent resident of Australia (or applying with someone who is)
  • at least 18 years old
  • you or your spouse must not have previously owned a property in Australia prior to 1 July 2000
  • intending to occupy the home as your principal place of residence for a continuous period of at least 6 months, commencing within 12 months of completion of an eligible transaction
  • have not previously received a first home owner grant in any state or territory in Australia

Apply for your First Home Loan Today!

As a first home buyer, you may be eligible for a duty exemption, concession and/or a grant. It is important you understand what options are available to you so that you can make the right decision. Our expert brokers here at Greenline Home Loans are here to help!

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More Options for First Home Buyers

First Home Buyers Assistance Scheme

The first home buyers assistance scheme is designed to provide a full or partial stamp duty exemption for first home buyers up to the value of $800,000.

Family Guarantor

Family members can act as a guarantor and use a portion of their own home's equity to help their loved ones, the borrower, to secure a home loan. This can reduce the borrower’s loan to ratio value and can also help save a large sum of money by reducing or even avoiding the need to pay Lender’s Mortgage Insurance.