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First home buyer

First home owner incentives change and also vary from state to state. Please contact us for updated information as part of your research and purchasing preparation.

First Home Owner Grant (FHOG)

The First Home Owner Grant (FHOG) scheme was introduced on 1 July 2000 to offset the effect of the GST on home ownership. It is a national scheme funded by the states and territories and administered under their own legislation.
The scheme has undergone many changes since its first introduction. Each state has its own eligibility criteria which apply to the grant amount, the properties and applicants.
Some states also have a first home bonus scheme to encourage the building of new properties.

First Home Owner Grant Cap

Each state applies a cap to the First Home Owner Grant by setting a purchase price above which the grant is no longer available.

First home saver account

If you:

  • are aged between 18 and 65,
  • have not previously purchased or built a first home in which to live,
  • do not have or have not previously had a first home saver account, and
  • provide your tax file number to the provider,

you can open a first home saver account.

This account provides a simple tax effective way for Australians to save for their first home through a combination of government contributions and lower taxes. The government will contribute 17% on the first $5,000 (indexed) of individual contributions made each year. This means an individual contributing $5,000 will receive a government contribution of $850.

Stamp duty concessions

When you buy a home in Australia, the government imposes a stamp duty tax. This tax is added to the purchase price of your home and is assessed on the sale price of the property. First home buyers may be eligible for rebates in the form of stamp duty rebates or exemptions. We will assist you to calculate your stamp duty if applicable.

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