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Gather your details

Depending on the location, price and type of property you plan to buy as your first home, you may be able to access differing amounts.

Question one

In which Australian state or territory do you intend to buy your first home?


Question two

What kind of home will you be purchasing? New? Established? Are you building a new home?

Question 3

What is the value of the property you’ll be purchasing?

Assess your eligibility for the First Home Buyer Grant

Once you’ve got this info, assess your eligibility via the Australian Government website below.

If you feel ready to kick-start the home buying journey, leave us some details via our enquiry form, and an expert lender will be in touch to discuss how we can help.

Assess your eligibility

Know the home-buying process

Often, first home buyers will hear about the first home buyer grant first, before they’ve done any other research into what it takes to buy a home. While the prospect of securing financial assistance to get the keys to your first place may seem attractive, accessing it will form one part of what can sometimes be a complicated process.

Once you’re aware of what it takes to buy a home, you’ll be able to budget and set your expectations accordingly.

Do your homework

The first homeowner grant is financial assistance in the form of a one-off payment from your state or territory government, that can be accessed to help with the purchase of your first home.

The first homeowner grant scheme was introduced to offset the effect of the GST on home-ownership, and the amount you may be able to access differs from state to state, so making yourself aware of just how much you may be able to access will help you adjust your deposit savings budget.

Your first home buyers grant questions answered


A $10,000 First Home Owner Grant (FHOG) is available when you buy or build your first new home.

Your first new home can be a house, townhouse, apartment, unit or similar that is newly built, purchased off the plan or substantially renovated.

For more information, visit the NSW Government website.


The Queensland first home owners' grant provides first-time home buyers an extra bit of help to get into the market sooner. If eligible, you'll get $15,000 towards buying or building your new home. The Queensland grant covers new houses, units and townhouses—you can even buy off the plan or choose to build yourself.

For more information, visit the QLD Government website.



In NSW, eligible first home buyers no longer have to pay transfer duty on homes valued up to $800,000. For homes valued between $800,000 and $1,000,000 a concessional rate is applied.

As a first home owner, you also won’t pay any transfer duty on vacant land worth up to $350,000, while land valued between $350,000 to $450,000 attracts a concessional rate.

For more information, visit the NSW Government website.


In Queensland, first home owners receive a concessional rate of transfer duty on homes worth up to $550,000. This concession is applied by deducting a set amount from the usual rate of transfer duty that would apply to owner/occupiers.

This means that you will effectively pay no transfer duty if you’re buying a first home worth less than $500,000, with a concessional rate applying to home valued between $500,000 and $550,000.

If you’re buying vacant land, you’ll also receive similar benefits, which mean that you’ll pay no transfer duty on land valued up to $250,000. A concessional rate applies to land valued between $250,000 and $400,000.

For more information, visit the QLD Government website.


To qualify as a first home buyer, you must be purchasing the first home you or your spouse have owned or co-owned in Australia, although there are some exceptions.

You must also move into the property within 12 months, and live there for at least six continuous months.

You must be:

  • an Australian citizen or a permanent resident of Australia
  • at least 18 years old.

To find out more, visit the NSW Government website.


  • You need to be a natural person (not a company or trust) aged 18 years or older.
  • You must be an Australian citizen or permanent resident (or applying with someone who is).
  • You need to be a permanent resident or Australia citizen.
  • You or your spouse must not have previously received a First Home Owner Grant in Australia.
  • You must not have previously owned property in Australia that you lived in.
  • You may still be eligible for the First Home Owner Grant in Queensland if you have owned an investment property as long as you haven’t lived in it.

In addition, you’ll need to live in your first home for at least six months within a year of becoming the owner.

To find out more, visit the QLD Government website.

As a general rule, there are a number of things which can pose problems for first-time buyers, which include:

  • not finding the right home loan for your circumstances,
  • buying with emotion rather than common-sense,
  • borrowing more than your budget will allow,
  • not doing enough research,
  • underestimating additional costs, and
  • not getting a pest and building inspection.

To familiarise yourself with the home-buying journey, check out our piece on 5 questions every first-time buyer should answer.

As a buyer, once you have secured a home loan, and have agreed on terms and exchanged contracts with the seller, you will have to pay your full deposit amount. 

Let our calculators give you a clearer picture of buying

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