The First Home Owner Grant (FHOG) may be your one step closer to unlocking your first dream home.
Owning the keys to your first home is the Australian dream, but it’s a dream that comes with a very expensive price tag.
With the current hiking rates, increasing cost of goods, and escalating petrol prices, saving up and buying your first home seems to be an impossible goal to achieve. Fortunately, the FHOG exists to make your dream come to life sooner.
What is the FHOG?
The FHOG is a scheme funded and administered by the states and territories. It provides one-time financial assistance to first home buyers who meet certain eligibility criteria.
It has undergone many changes since its inception in 2000. The grant differs across the states and territories, which means each region has its eligibility criteria.
Who are eligible for the FHOG in Australia?
As mentioned, the criteria differ per state and territory, but usually, you must be:
- An Australian citizen or a permanent resident of Australia
- At least 18 years old
- A ‘natural’ person
- Should live in the house for at least six months

On the other hand, typically, you are ineligible for the grant if you or your spouse:
- Has previously received the FHOG in Australia
- Owned a property in Australia, either jointly or separately, before 1 July 2000
- Is a temporary Australian resident
- Is a company/trust
It’s better to check with your state or territory for certain criteria to ensure that you qualify for the grant. If your circumstance changes, it’s important to contact your respective state or territory to guarantee that you do not violate any rules and pay penalty fees. Contact our expert brokers for free to help you better determine your situation.
What are the eligibility criteria for each region and state?
New South Wales
A. Grant
NSW offers $10,000 when you buy or build your first new home. To be eligible, the newly constructed or substantially renovated property should not exceed the price of $600,000. It is considered substantially renovated if most of it is removed or replaced, it is not occupied before or during renovation, and it is the first time the house is sold after renovation.
If you purchase vacant land and build the house, the combined value of homebuilding and the land should not exceed $750,000.
B. Exemption/Concession
If you are a first home buyer, you may qualify for a concessional rate or exemption from stamp duty (also known as transfer duty) under the First Home Buyers Assistance Scheme (FHBAS).
From August 2021, stamp duty exemptions are available to new and substantially renovated properties valued at less than $650,000 and land valued at less than $350,000.
Then, you may qualify for a concessional rate if you buy new or substantially renovated properties valued between $650,000 and $800,000 and land valued between $350,000 and $450,000.

On 21 June 2022, the NSW government introduced the First Home Buyer Choice scheme, which will be implemented during the second half of 2022. This scheme will allow first home buyers to choose between an annual property tax and stamp duty if the property is priced up to $1.5 million.
Queensland
A. Grant
From 1 July 2018, Queensland offers a grant of $15,000 to first home buyers who meet the criteria. This grant is available if you purchase or build a new property valued at less than $750,000.
You may also be eligible for this grant if you buy a substantially renovated house provided that it is substantially renovated before you buy it and hasn’t been occupied since the renovation.
B. Exemption/Concession
You can access a first home concession if you buy a property valued at less than $550,000. If you purchase vacant land, you may qualify for the first home vacant land concession if the land value is less than $400,000.

Victoria
A. Grant
From 1 July 2021, Victoria provides a grant of $10,000 when you purchase or build a new home in metropolitan and regional Victoria. To be eligible, the property should be $750,000 or less.
However, you will get $20,000 for a new home built in regional Victoria if your contract was signed from 1 July 2017 to 30 June 2021.
B. Exemption/Concession
If you enter and settle the contract on or after 1 July 2017, you may be eligible for a stamp duty exemption or concession. However, if your contract is dated before 1 July 2017, you may be eligible for a 50% stamp duty reduction.
Homes valued at less than $600,000 are exempt from stamp duty. On the other hand, homes valued between $600,001 to $750,000 may be eligible for a concession.

ACT
A. Grant
The FHOG is only available to signed and exchanged contracts on or before 30 June 2019. To be eligible, the new or substantially renovated property’s total value (house and land) should be $750,000 or less.
The amount of the grant depends on the commencement date. If your contract was signed and exchanged from 1 January 2016 to 31 December 2016, the grant is $10,000. On the other hand, if the commencement date includes 1 January 2017 to 30 June 2019, the grant is $7,000.
B. Exemption/Concession
The FHOG was replaced by the new Home Buyer Concession Scheme on 1 July 2019. If you are eligible for this grant, you may receive a stamp duty exemption or concession depending on several factors.

South Australia
A. Grant
In South Australia, you can receive up to $15,000 if you purchase or build a new home valued at $575,000 or less.
B. Exemption/Concession
No stamp duty concessions apply specifically for first home buyers in SA. It is calculated based on the purchase price or the property’s market value, whichever is higher.
Tasmania
A. Grant
If you purchase or build a new property in Tasmania, you get $30,000 if your transaction commences between 1 April 2021 and 30 June 2023. However, if your transaction commenced between 1 July 2016 and 31 March 2021, you get $20,000.
B. Exemption/Concession
No stamp duty concessions apply if you buy or build a new home. However, if you buy an established house, you may qualify for a 50% discount on stamp duty if the home is valued at $600,000 or less.
Western Australia
A. Grant
A grant of $10,000 applies if you purchase or build a new or substantially renovated house, but it does not apply to established homes. If you buy or build a house in the south of the 26th parallel, the value of the land should not exceed $750,000. If it is in the north of the 26th parallel, the value should not exceed $1 million.
B. Exemption/Concession
Stamp duty exemptions are available for homes valued at $430,000 or less and land valued at $300,000 or less. Concessions apply to new houses valued between $430,001 and $530,000 and land valued between $300,001 and $400,000.
Northern Territory
A. Grant
From 7 May 2019, you may be eligible for a grant of $10,000 if you buy or build a new home. The value of the home or land does not affect the grant.
B. Exemption/Concession
Currently, stamp duty exemptions are not available in the Northern Territory.
Looking to own your first home?
Talk to our brokers for free to help you better assess your eligibility for the grant. We work with over 40 lenders and banks, so we may have better deals and more loan options to help you secure the keys to your first home – better loans, quicker home!
If you live in Sydney, you might be interested in our First Home Buyer Seminar on 12 July in Fairfield and on 14 July in Kogarah. Register for free, and know the ins and outs of owning your first home from our panel of expert speakers. Start turning your dream home into a reality!

You can also check out our videos from our last seminar on our YouTube channel at It’s Simple Finance.
Have a question? We’re online at info@itssimple.com.au, and we also answer the phone. Contact us today on 1300 796 937!