Government Grant Guide

Your guide to the various Government schemes helping homebuyers around Australia

Introduction

How do you know which grants are available to you? For anyone, but particularly first home buyers, buying a home is a significant milestone. Navigating the financial landscape can be daunting. The good news is several Australian government grants and incentives can help make homeownership a reality.

This webpage is a guide to explore the various programs offered by each state, empowering you to find the perfect financial boost for your situation. There might be support available to ease the burden.

We hope this guide helps!

Disclaimer

The information provided on this webpage is intended as a starting point and may not be exhaustive. Grant and incentive details, including eligibility criteria and application processes, can vary depending on your state and individual circumstances. We highly recommend visiting the official websites of your state revenue office or housing department for the most up-to-date information.

Australia-Wide Schemes

Program Name Description Eligibility
First Home Guarantee (FHBG) Assists eligible first home buyers to purchase with a 5% deposit and avoids lender's mortgage insurance. Open to eligible first home buyers (income and price caps apply).
Regional First Home Buyer Guarantee (RFHBG) Assists eligible first home buyers in regional areas to purchase with a 5% deposit and avoids lender's mortgage insurance. Open to eligible first home buyers (income and price caps apply).
Family Home Guarantee (FHG) Assists eligible single parents or legal guardians with a 2% deposit purchase. Open to eligible single parents/guardians with dependants (income caps apply).
Defence Home Ownership Assistance Scheme (DHOAS) Monthly subsidy on home loan interest for current and former ADF members. Eligibility criteria apply based on service history.
First Home Super Saver Scheme (FHSSS) Allows voluntary concessional super contributions for a first home deposit (restrictions apply). Income caps and eligibility criteria apply.

Australian Capital Territory (ACT)

Program Name Description Eligibility
First Home Owner Grant (FHOG) One-off grant to help offset costs associated with purchasing a first home in the ACT. • Be an Australian citizen/permanent resident (at least one applicant).
• First time buying a home (exceptions apply).
• Live in the home for at least 6 months.
Duty Concession Reduced or waived transfer tax on eligible ACT properties. Depends on property price, type (new/existing), and if you'll live there.

New South Wales (NSW)

Program Name Description Eligibility
First Home Owner (New Home) Grant Grant for the purchase of a new or substantially renovated home in NSW. • Be an Australian citizen/permanent resident (at least one applicant).
• First time buying a home (exceptions apply).
• Intend to occupy the property as your principal place of residence.
First Home Buyers Assistance Scheme Stamp duty exemption or reduction when buying an existing home, new home or vacant land to build a home on worth up to $1 million in NSW. Depends on property price, type (new/existing), and if you'll live there.
Shared Equity Home Buyer Helper Government contributes up to 40% (new homes) or 30% (existing) towards purchase price. • Eligibility varies (e.g., income caps, property type).
• Open to singles, couples, and single parents.

Northern Territory (NT)

Program Name Description Eligibility
First Home Owner Grant One-off grant to help with the purchase of a new home in the Northern Territory. • Be an Australian citizen/permanent resident (at least one applicant).
• First time buying a home (exceptions apply).
• Live in the home for 6 months.
• Property must be new (never lived in or sold before)
Household Goods Grant Grant to help purchase essential household items for your new home in the Northern Territory. Must be eligible for and receiving the FHOG NT grant.
Territory Home Owner Discount Reduced stamp duty on eligible residential properties in the Northern Territory. Varies depending on property value and purchase type (new or established).

Queensland (QLD)

Program Name Description Eligibility
First Home Owner Grant One-off grant to help with the purchase or construction of a new home in Queensland. • Be an Australian citizen/permanent resident (at least one applicant).
• First time buying a home (exceptions apply).
• Intend to occupy the property as your principal place of residence.
• Property value limits apply (refer to website for details).
Regional Home Building Boost Grant Additional grant for the construction of a new house, unit, or townhouse in a regional area. • Must be eligible for the QLD FHOG.
• Building a new home in a designated regional area.
Duty Concession Reduced stamp duty on eligible residential properties in Queensland. Varies depending on property value, purchase type (new or established), and occupancy status.

South Australia (SA)

Program Name Description Eligibility
First Home Owner Grant One-off grant to help with the purchase or construction of a new home in South Australia. • Be an Australian citizen/permanent resident (at least one applicant).
• First time buying a home (exceptions apply).
• Intend to occupy the property as your principal place of residence.
• Property value limit:
- $650,000 or less (contracts entered on or after 15 June 2023).
- $575,000 or less (contracts entered before 15 June 2023).
New Home Builders Grant Grant to assist with the construction of a new home in South Australia. • Must be eligible for the FHOG SA.
• Building a new home (may be conditions on house size).
Concession on Stamp Duty Reduced or waived stamp duty on eligible residential properties in South Australia. Varies depending on property value and purchase type (new or established).

Tasmania (TAS)

Program Name Description Eligibility
First Home Owner Grant One-off grant to help with the purchase or construction of a new home in Tasmania. • Be an Australian citizen/permanent resident (at least one applicant).
• First time buying a home (exceptions apply).
• Intend to occupy the property as your principal place of residence.
• Grant amount: $30,000 (applicable for transactions up to June 30, 2024 - check for updates).
Duty Concession Reduced transfer duty on eligible established homes in Tasmania. 50% concession on established homes valued up to $600,000
MyHome Tasmania Shared equity program to help purchase a new or established home in Tasmania. • Eligibility varies (e.g., income caps, property type, purchase price).
• Open to first home buyers.

Victoria (VIC)

Program Name Description Eligibility
Victorian Homebuyer Fund Shared equity scheme where the government contributes up to 25% of the purchase price for eligible properties. • Be an Australian citizen/permanent resident (at least one applicant).
• Minimum deposit of 5% (3.5% for Aboriginal and Torres Strait Islander applicants).
• Income caps apply.
Buy Assist Community shared equity scheme for low to medium-income earners (limited availability). Eligibility criteria similar to a bank loan.
First Home Owners Grant One-off grant to help with the purchase or construction of a new home in Victoria (gradually being phased out). • Be an Australian citizen/permanent resident (at least one applicant).
• First time buying a home (exceptions apply).
• Intend to occupy the property as your principal place of residence.
• Property value limit applies (refer to website for details).**

Western Australia (WA)

Program Name Description Eligibility
First Home Owner Grant One-off grant to help with the purchase or construction of a new home in Western Australia. • Be an Australian citizen/permanent resident (at least one applicant).
• First time buying a home (exceptions apply).
• Intend to occupy the property as your principal place of residence for at least 12 months.
• Applies to new homes only (price limits apply - refer to website).
Home Buyers Assistance Account (HBAA) Grant to help with closing costs associated with purchasing an established home in WA. • Be an Australian citizen/permanent resident (at least one applicant).
• First time buying a home (exceptions apply).
• Intend to occupy the property as your principal place of residence for at least 12 months.
Transfer Duty Concession Reduced or waived transfer duty on eligible properties in Western Australia. Varies depending on property value, purchase type (new or established), and occupancy status. Increased concession for first home buyers on established homes announced in the 2024-25 State Budget (check website for latest details).