Government Grants & Schemes

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The Australian Capital Territory replaced the First Home Owners Grant with the Home Buyers Concession Scheme. The concession scheme means that home buyers in ACT do not need to pay Stamp Duty on a home purchase subject to the following eligibility criteria:

• All buyers must be 18 years of age or above
• Total gross income, including the partners (if any), must not be greater than the income threshold of $160,000 without dependents. For each dependent, the income threshold increases by $3,330. 
• All buyers including their partners (if any) must not have owned any other property in the last two years
• At least one buyer must live in the home continuously for at least one year, starting with 12 months of settlement or completion of construction

For more information, please visit ACT Revenue Office's Website.

First home buyers in NSW may be eligible for a:

• $10,000 First Home Owners Grant for a new home that no one has lived in before
• Full transfer (stamp) duty concession for both new and established properties valued up to $650,000 and partial concession for homes valued between $650,000 and $800,000
• No stamp duty for vacant land valued at less than $350,000. And for land valued between $350,000 and $450,000 you'll receive a concession rate. 

For more information, please visit NSW Revenue Office's Website.

Northern Territory (NT) has attractive government schemes and grants for both first home buyers and property owners in general. The government grants and schemes include:

• $10,000 First Home Owners Grant to buy or build a new  home in NT
• A First Home Owner Discount of up to $23,928.60 for stamp duty on established homes valued up to $650,000
• A $10,000 Home Renovation Grant 
• A $2,000 Household Goods Grant Scheme

NT also has a Home Buyer Initiative and the HomeBuild Access programs, please refer to the NT government website for more details. 

Queensland has the following grants and schemes for first-home buyers:

• A $15,000 FHOG towards buying or building your new house, unit or townhouse (valued at less than $750,000).
• A $5,000 Regional Home Building Boost Grant in QLD is given after the purchase or construction of a brand-new house, unit or townhouse valued at less than $750,000.
• A First Home Concession wherein first-home buyers pay no stamp duty for both new and existing property purchases under $550,000, a discount (concession) may still apply for a home valued over $550,000.
• A First Home Vacant Land Concession for transfer duty when acquiring vacant land to build your first home, if you meet certain requirements. It only applies to vacant land valued under $400,000.

For more information, please visit QLD.gov.au.

South Australia has a $15,000 one-off FHOG for the purchase or construction of a new home. Unlike other states and territories, SA has no stamp duty exemption or concessions for first home buyers

For more information, please visit Revenue SA's website

First-home buyers in Tasmania may be eligible for:

• A $20,000 grant for first home buyers who are building or purchasing a new residence or a newly built residence.
• A 50 per cent stamp duty discount on the purchase of an established home with a value of $400 000 or less.

For more information, please visit the State Revenue Office of Tasmania’s website.

 First home buyers in Victoria may be eligible for:

• A $10,000 FHOG is available for first-home buyers. The home must be valued at $750,000 or less, the sale must be the first of the property as residential premises and the home must be less than five years old. The $20,000 regional First Home Owner Grant ended on 30 June 2021.
• Stamp (transfer) duty exemption to purchase a new or established property in Victoria up to $600,000. A duty concession (discount) applies for properties valued between $600,000 and $750,000.

For more information, please visit the State Revenue Office of Victoria’s website.

First-home buyers in Western Australia (WA) may be eligible for:

• A $10,000 FHOG to buy or build a newly built residential property for use as their principal place of residence.
• Stamp duty waiver on a purchase of any home valued up to $430,000 for first home buyers. Discounted or concessional rates apply for homes valued between $430,001 and $530,000 for your principal place of residence.

For more information, please visit WA.gov.au.