What are First Home Owners Grant?

What are First Home Owners Grant?

Your first home purchase can be challenging, especially for young individuals, starting families, or simply the average Aussie employee. It will take years of savings and a lot of courage to finally take the plunge and secure your very own home.

The First Home Owner Grant is a national scheme implemented and funded by the different states and territories in Australia that provides a one time grant for first-time homeowners.
  • To qualify, a set of criteria should be met. These are as follows.
  • Buyer should be an individual, not a company or a trust
  • The purchase should be a first time home purchase
  • A permanent resident or a citizen
  • You or your spouse must not have previously owned or lived in a residential property you own from 1 July 2000
  • You or your spouse have never claimed a first home grant previously
  • You will occupy your first home purchase as your main residence within 12 months of the construction or a minimum period of 12 months after the purchase of the home

Other states and territories may require additional sets of requirements to qualify. Here is a look at what is available for First Home Owner Grants in different states of Australia


A grant of $7,000 to help purchase a new or substantially renovated home for properties valued at $750,000 or less. Stamp duty concessions are also available on new and renovated properties.


First home owners grant of $10,00 is given to qualified individuals who have purchased or constructed a new home. The property value should not exceed $600,000 while constructed homes should not exceed $750,000 in order to qualify for a grant.

Exemptions from transfer duty are valued up to $650,000 and concession for new homes should be within the $650,000 and $800,000 limit. Eligible purchases for vacant lots that are valued up to $350,000 requires no duty payments. Concessions are however available for vacant lot purchases for properties between $350,000 and $450,000.


A $10,000 First Home Owner Grant is given to eligible applicants in Victoria that are buying or building a home that is valued not more than $750,000. Meanwhile, a $20,000 FHOG is granted to qualified applicants that are buying or building a home in the regional areas of Victoria, still for properties valued not more than $750,000.

Homes valued below $600,000 are exempted from stamp duties. Properties that are valued between $600,000 and $750,000 are qualified for stamp duty concession, applied according to a sliding scale.


A $15,000 is granted in Queensland as First Home Owners’ Grant for first-time homeowners or individuals building a new home. This grant is eligible for properties that are valued less than $750,000. This amount was usually at $20,000 but has changed since 1 July 2018.

No stamp duty is required for properties valued less than $500,00 and vacant lands valued at less than $240,000.


Building or buying your new home can get you an FHOG of $10,000 if you qualify with the other set of requirements required by your state. Those properties located south of the 26th parallel of the south latitude with values less than $750,000 is qualified for a grant. Properties north of the 26th parallel of the southern latitude value below $1 million is also eligible for the $10,000 grant.

Exemptions for stamp duty are available for properties that are less than $530,000 in value as well as vacant lots that are less than $400,000.


Purchases and construction of new homes that are valued not more than $575,000 are eligible of an FHOG or up to $15,000. Exemptions are not specific for First Home Buyers in South Australia. However, you may be eligible for stamp duty concessions for apartments
valued not more than $500,000.


An FHOG of $20,000 is granted to eligible first-time homeowners or those constructing their new home. However, this amount will be reduced to $10,000 from 1 July 2019 onwards.

In Tasmania, there are no concessions or exemptions from stamp duty for first time home purchases.


A grant of $26,000 is given to eligible applicants who purchase or construct a new home in the Northern Territory. Currently, there is no limit implemented for the value of the property to qualify for a First Home Buyers Grant.

Now that you have an idea on how much you’ll be able to save and re-allocate for your first time home purchase, applying for a home loan comes next. You can talk to an Intellichoice mortgage broker to finally secure the dream home that you love. Call us today at 1300 55 10 45.