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In Australia, the federal and state governments offer a range of schemes and grants to help you buy a home. So, what's available in your state or territory at the moment?
Australian federal and state governments offer a range of home loan grants, stamp duty concessions and home-buying schemes to help make property ownership more accessible and affordable, particularly for first-home buyers who may struggle to save up a deposit or meet strict lending requirements.
Home loan grants are often a lump sum of cash, payable to an eligible Australian home buyer, whereas schemes are like alternative pathways to homeownership.
From first-home buyer grants and stamp duty concessions to shared equity schemes, like the new Help to Buy scheme , here’s a list of home-buying grants and schemes running in 2024.
The first home buyer grant is a one-off lump sum payment to help with the cost of purchasing your first property. The amount you get from the FHOG is different depending on which state or territory you live in, and eligibility requirements may differ.
Read more about the First Home Owner Grant, or find out about the FHOG for:
In the Australian Capital Territory, the FHOG has been replaced by the Homebuyer Concession Scheme .
The following grants and schemes are running in 2024:
Buy a home with a minimum 5% deposit and pay no Lenders Mortgage Insurance (LMI).
Make sure you read more about the First Home Guarantee's eligibility requirements and see participating home loan lenders before applying.
Buy a home in a regional area with a minimum 5% deposit and pay no Lenders Mortgage Insurance (LMI).
Read more about the Regional First Home Buyer Guarantee or see participating home loan lenders.
Buy a home with a minimum 2% deposit and pay no Lenders Mortgage Insurance (LMI).
Make sure you read more about the Family Home Guarantee's eligibility requirements and see participating home loan lenders before applying.
If you’ve never owned a property in Australia before, the FHSS scheme lets you use your superannuation fund to store and save voluntary contributions, which you can later withdraw to use as a deposit.
Read more about the First Home Super Saver scheme, including who is eligible and the upcoming changes on 15 September 2024.
A shared equity home buying scheme for low-to middle-income earners, with at least a 2% home deposit. The government may contribute up to 40% of the purchase price of a property and you won’t have to pay Lenders Mortgage Insurance (LMI).
Read more about the Help to Buy scheme.
The following grants and schemes for home buyers are available in NSW in 2024:
Receive a $10,000 grant to put towards buying your first home.
Read more about the NSW First Home Owner Grant, including eligibility requirements.
Receive a full or partial exemption from stamp duty (aka transfer duty) when you buy your first home.
Read more about the First Home Buyers Assistance scheme, including eligibility requirements.
Buy a home with a minimum 2% deposit and pay no Lenders Mortgage Insurance (LMI).
Read more about the NSW Shared Equity Home Buyer Helper scheme, including which lenders are participating in the scheme.
The following grants and schemes for home buyers are available in Victoria in 2024:
Receive a $10,000 grant to put towards buying your first home.
Read more about the Victoria First Home Owner Grant, including eligibility requirements.
Receive a full or partial exemption from stamp duty when you buy a home, if you are:
Read more about the first home buyer duty exemptions, including eligibility requirements, before you apply.
Buy a home with a minimum 5% deposit and pay no Lenders Mortgage Insurance (LMI).
Read more about the Victorian Homebuyer Fund, including which lenders are participating in the scheme before applying.
The following grants and schemes for home buyers are available in Queensland in 2024:
Receive a $30,000 grant to put towards buying your first home.
Read more about the Queensland First Home Owner Grant, including eligibility requirements.
Receive a stamp duty concession when you buy your first home.
Read more about the first home concession scheme, including eligibility requirements.
Receive a $5,000 grant after you purchase or build a brand-new home in regional Queensland.
Read more about the regional home building boost grant, including eligibility requirements.
The following grants and schemes for home buyers are available in Western Australia in 2024:
Receive a $10,000 grant to put towards buying your first home.
Read more about the Western Australia First Home Owner Grant, including eligibility requirements.
Receive a full exemption or concession on stamp duty when buying your first home.
Read more about the WA First Home Owner Rate, including eligibility requirements.
Receive a $5,000 grant after you purchase or build a brand-new home in regional Queensland.
Read more about the regional home building boost grant, including eligibility requirements.
WA borrowers who qualify for a Keystart home loan could buy a property with as little as a 2% deposit with no Lenders Mortgage Insurance (LMI).
It’s a shared equity scheme with the WA government’s Housing Authority, which could cover up to 30% of the property value.
Read more about the Shared Home Ownership scheme, including eligibility requirements.
The following grants and schemes for home buyers are available in South Australia in 2024:
Receive a $15,000 grant to put towards buying your first home.
Read more about the South Australia First Home Owner Grant, including eligibility requirements.
Receive a full or partial exemption from stamp duty when you buy a home, if you are a first home buyer.
Read more about the first home buyer duty exemptions in SA, including eligibility requirements.
HomeStart is an SA government-funded home loan that aims to provide flexible options for first home buyers and others. HomeStart also runs a shared equity homeownership scheme.
Read more about HomeStart, including eligibility requirements.
The following grants and schemes for home buyers are available in the Australian Capital Territory in 2024:
The FHOG was replaced with the Home Buyer Concession Scheme, which provides a stamp duty exemption or concession for those buying a property in the ACT.
Read more about the Home Buyer Concession Scheme, including eligibility requirements.
The following grants and schemes for home buyers are available in the Northern Territory in 2024:
Receive a $10,000 grant to put towards buying your first home.
Read more about the Northern Territory First Home Owner Grant, including eligibility requirements.
Access low-deposit home loans for newly-built homes or to purchase vacant land to build your own home.
Read more about the HomeBuild Access scheme, including eligibility requirements.
The following grants and schemes for home buyers are available in Tasmania in 2024:
Receive a $30,000 grant to put towards buying your first home.
Read more about the Tasmania First Home Owner Grant, including eligibility requirements.
A 50% discount on stamp duty for established homes of $600,000 or less.
Read more about the first home buyer duty concession, including eligibility requirements.
For more tips on buying property, check out our comprehensive home buying guides. Ready to drop the hammer on your new place? Compare home loans now.