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FIRST HOME BUYERS GRANTS GUIDE (FHOG) – ALL STATES

First home buyers grants (FHOG) have changed a lot in the last 16 years and can be confusing. Here is the guide to all states.
New South Wales (NSW)

FHOG value $10,000.

For builders of new homes up to $750,000 and purchasers of new homes up to $600,000.

NSW also offers stamp duty concessions for first-time buyers on new homes; full exemption up to $550,000 and concessional rates for new homes valued between $550,000 and $650,000.

No stamp duty on all homes up to $650,000.

Stamp duty relief for homes up to $800,000.

 

Visit Office of State Revenue NSW  for more information

Australian Capital Territory (ACT)

Home Buyer Concession Scheme (HBCS) value $7,000

New builds or “substantially renovated.” homes, valued up to $750,000.

Stamp duty concessions will are available on for homes.

 

Visit ACT Revenue Office for more information

Victoria (VIC)

FHOG value $10,000 – $20,000.

New builds only, valued up to $750,000.

Stamp duty concessions will are available on for homes valued from $600,000-$750,000.

 

In regional Victoria, the amount available for a FHOG will double from 1 July 2017 ( new homes up to the value of $750,000)

 

Visit Victorian State Revenue Office for more information

Queensland (QLD)

FHOG value 15,000 or $20,000.

Buying or building your new house, unit or townhouse (valued at less than $750,000).

If your contract to purchase or build is signed between 1 July 2016 and 31 December 2017, you may be eligible to apply for the $20,000 grant.

 

Visit Queensland State Revenue Office for more information

South Australia (SA)

FHOG value 15,000.

New builds only up to $575,000.

Purchase or construction of a new residential property, including a house, flat, unit, townhouse or apartment.

The amount of FHOG payable is determined by the date the contract to purchase or build a home is entered into, or the date on which construction commenced for owner builders.

 

Visit Revenue SA for more information

Western Australia (WA)

 

FHOG value $10,000.

New builds or “substantially renovated” homes, valued between $750,000 and $1 million.

 

The value of your transaction may affect your eligibility for the FHOG as there is a cap on the total value of the home and land. The cap amount varies depending on where the home is located:

 

Visit West Australian Government – Department of Finance for more information

Northern Territory (NT)

FHOG value $26,000.

Purchasing or building a new home.

A grant of up to $2000 for the purchase of household goods for eligible recipients of the First Home Owners Grant.

Up to $23 928.60 in stamp duty relief for first home buyers purchasing an established home valued up to $650 000.

$7000 in stamp duty relief for non-first home buyers purchasing or building a new home.

 

Visit  Northern Territory Government – Department of Finance for more information

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