Get Yourself FinLit

First Home Owners Grant

Buying a property is a pretty hefty achievement in this day and age, especially when you’re young. Let’s face it, you’re going to need all the help you can get.

As the name suggests, the First Home Owner Grant is a one-time contribution to help people afford to buy their first home. It’s available nationwide but differs slightly from state to state. Also available are stamp duty concessions, which waive or discount stamp duty for first home buyers under certain circumstances.

To see if you’re eligible for the First Home Owner Grant scheme or for stamp duty concessions, check out the info below and follow the link to your state. For more info and help with the paperwork, you can chat to your lender.


In Victoria, first time homebuyers are eligible for $10,000 when buying or building a new home as long as the property is worth less than $750,000. First home buyers can also access $20,000 if building a new home in regional Victoria (if it’s still worth $750,000 or less).

Plus, first home buying Victorians can enjoy no stamp duty if purchasing a home valued at $600,000 or less, and tapered stamp duty for new homes valued between $600,001 and $750,000.

Check out the full criteria here.


The First Home Owner Grant scheme in NSW offers $10,000 for those purchasing new homes that have never been previously occupied or sold as a place of residence, a house you’re intending to build or one that has been substantially renovated. The First Home Owner Grant Cap for new home purchases is $600,000, and $750,000 for homes that are either being built or where you are an owner-builder (you are responsible for building work done on land you own).

The NSW Government has abolished stamp duty for first home buyers purchasing new and existing homes worth up to $650,000. The duty concession will be gradually reduced for properties valued at between $650,000 and $800,000, Check out the full details here.


The Sunshine State only acknowledges the First Home Owner Grant on properties that are new or haven’t been built yet. Eligible first home buyers will receive a one off payment of $15,000 towards buying or building a new home valued at less than $750,000.

The amount of stamp duty you will be able to get discounted will depend on how much you’re spending on a home or vacant lot. Check full details here

South Australia

In South Australia, a grant of up to $15,000 is available for new homes purchased or built valued at up to $575,000.

While SA offers no stamp duty exemptions to first home buyers specifically, you may be eligible for an off-the-plan stamp duty concession if you buy a new or “substantially refurbished” apartment. You can learn more about SA’s first home owner grant here

Western Australia

In the Wild West, first home buyers can receive $10,000 for buying or building a new home. Eligibility of properties are based on its price, which can vary depending on where its located – so it’s important to do your research. Find out more here.


In Tassie you need to build or buy a new home to be eligible for the $10,000 first home owner grant.

Unfortunately, there are no stamp duty concessions for Tasmanians. Deets here.

Northern Territory

Outback Australia probably has the most generous schemes in Australia, with a $26,000 grant for first home buyers who purchase or build a new home, and there’s no limit on the value of the property.

There are also some big discounts on stamp duty, which you can read all about here.


In the nation’s capital, the grant is $7,000 and applies to new and ‘substantially renovated’ homes valued at $750,000 or less.

Stamp duty can also be discounted depending on the value of the property. Check out more info here.

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