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
Get Expert Advice on home loans
Talk to a home loan consultant
We are available 7 days till 9 pm
Need more information ?
Drop us and email – We’re here to help.
Like to meet and discuss face to face?
Book an appointment with a Consultant
We negotiate better rates with these lenders for you
