First Home Owner Grant: how much you get in every state and territory in Australia

Australia’s property market can be daunting for first home buyers, but there are a range of home loan grants, stamp duty concessions and home buying schemes that can help make owning a home more accessible and affordable.

The First Home Owner Grant is one of these programs that’s available to first-time home buyers, and while it’s a nationwide scheme, it’s funded by the states and territories and differs depending on where you live.

We’ve examined what’s offered in each state and territory’s First Home Owner Grant, as well as what’s required from you to apply successfully. Jump ahead to your relevant state or territory using the links below.

The First Home Owner Grant is separate from the Home Guarantee Scheme, which is an initiative by the Australian government to help first-time buyers get into the market sooner by allowing smaller deposits.

• $10,000 grant
• Available for new homes bought for $600,000 or less
• Available for vacant land where you’ll build a home for $750,000 or less

In New South Wales, the First Home Owner Grant is available for newly built homes with a purchase price of $600,000 or less. It can also be used when buying off the plan or purchasing a home that’s had substantial renovations.

Buying a vacant block of land and signing a contract to build a new home will also make you eligible, but the total combined cost must not go over $750,000.

Learn more at Revenue NSW .

First Home Buyers Assistance scheme in NSW

• First Home Buyers Assistance scheme: a full exemption from transfer duty (stamp duty) if you’re buying a new or existing home valued at up to $800,000. Homes valued between $800,000 to $1 million may be eligible for a concessional rate.

• Head to the website for more information about the First Home Buyers Assistance scheme in NSW .

• $10,000 grant
• Available for new homes bought or built for $750,000 or less

Victoria’s First Home Owner Grant is available when buying or building a new home that’s worth up to $750,000. It includes buying off-the-plan properties and homes that have been substantially renovated.

Learn more at State Revenue Office Victoria .

First home buyer duty exemption in Victoria

• First home buyer duty exemption: you may be eligible for a duty exemption if you buy a new or existing home valued at up to $600,000. If you buy your first home for between $600,001 to $750,000, you could be eligible for a duty concession.

• Head to the website for more information about the first home buyer duty exemptions and concessions in Victoria .

• $30,000 grant
• Available for new homes bought or built for $750,000 or less

The First Home Owner Grant in Queensland offers $30,000 for those buying or building their first home, which must be valued at less than $750,000. Properties that have been bought off-the-plan or have been substantially renovated are also eligible.

To receive the grant, contracts must be signed or foundations laid between 20 November, 2023 and 30 June, 2026.

Learn more at Queensland Revenue Office .

First home concession in Queensland

• First home concession: a concession on transfer duty (stamp duty) when buying your first home, provided the property is valued at $800,000 or less.

• First home (new home) concession: available to first home buyers who are purchasing a newly built property. This is a full concession that reduces the transfer duty to zero, provided conditions are met.

• Head to the website for more information about the first home concession in Queensland .

• Grant up to $10,000
• South of the 26th parallel – available for new homes bought or built for $750,000 or less
• North of the 26th parallel – available for new homes bought or built for $1 million or less

A grant of up to $10,000 is available to those who buy or build their first new home in Western Australia, though the value of properties eligible for the grant depends on where you live.

If you’re buying south of the 26th parallel of latitude – which includes all of Perth’s metropolitan areas – the grant is available for homes valued at $750,000 or less. If you’re looking north of the 26th parallel, the total value of the property must not exceed $1 million.

The First Home Owner Grant is also available when buying off the plan or purchasing a home that’s undergone substantial renovations.

Learn more at the Department of Treasury and Finance .

First home owner rate in Western Australia

• First home owner rate: first home buyers may be eligible for a transfer duty exemption if the property is valued at $500,000 or less. Transfer duty concessions are available for homes valued at up to $750,000, but the amount varies depending on location.

• Head to the website for more information about the first home owner rate in WA .

• Grant up to $15,000
• No property value cap applies when you buy or build a new home after 6 June, 2024

You may be eligible for a First Home Owner Grant worth up to $15,000 when you buy or build a new home in South Australia. Unlike most other states, the value of the property isn’t taken into consideration when buying or building a new home on or after 6 June, 2024.

Off-the-plan apartments and substantially renovated homes are also eligible for the grant.

Learn more at RevenueSA .

Stamp duty relief in South Australia

• Stamp duty relief: first home buyers in SA may be eligible for stamp duty relief when buying a new home, an off-the-plan apartment or vacant land where a new home will be built. Property value caps may apply depending on when you enter into your contract.

• Head to the website for more information about stamp duty relief in SA .

• $10,000 grant
• No property value cap applies when you buy or build a new home

Tasmania offers a $10,000 grant to eligible first home owners who buy or build a new home. No property value caps apply in Tasmania, which means the cost of the house won’t impact your eligibility for the first home owner grant.

Learn more at the State Revenue Office Tasmania .

First home buyer duty relief in Tasmania

• First home buyer duty relief: a 100% exemption from transfer duty (stamp duty) for first home buyers who purchase an existing home valued at up to $750,000. Purchase must be settled between 18 February, 2024 and 30 June, 2026.

• Head to the website for more information about first home buyer duty relief in Tasmania .

• Home Buyer Concession Scheme reduces or removes transfer duty for eligible buyers
• First home buyer grants not available in the ACT

The ACT doesn’t offer grants to first home buyers. Instead, those eligible can either reduce or completely remove the transfer duty on any property they’d like to buy.

You must fall under an income threshold to apply for the scheme, and if you are eligible, the amount of a concession you receive depends on the property’s value.

Learn more at ACT Revenue Office .

• Grant up to $50,000 for new homes
• Grant up to $10,000 for established homes

The Territory government offers first home buyers up to $50,000 to put towards buying or building a new home, and in some cases, homes that have had substantial renovations may also be considered eligible for the grant.

Those who want to buy an existing property can receive a $10,000 grant towards buying their first home. No property value caps apply for either grant.

Learn more at the Northern Territory government .

Stamp duty exemption in Northern Territory

• Stamp duty exemption: you may be eligible for a full exemption from stamp duty if you plan to buy a house and land package in the NT.

• Head to the website for more information about the stamp duty exemption in the Northern Territory .