Government Grants for First Home Buyers
Complete guide to grants, schemes, and concessions available across Australia.
Australian governments offer various schemes to help first home buyers get into the property market. Here's a comprehensive guide to what's available and how to access these benefits.
Federal Government Schemes
First Home Guarantee (FHBG)
Buy with just 5% deposit without paying LMI. The government guarantees up to 15% of the property value.
Eligibility
Singles earning up to $125,000 or couples up to $200,000 combined
Benefit
Save $10,000-$30,000 on LMI
Availability
35,000 places per financial year
Regional First Home Buyer Guarantee
Similar to FHBG but for regional property purchases.
Eligibility
Must purchase in a regional area, meet income caps
Benefit
5% deposit, no LMI
Availability
10,000 places per financial year
Family Home Guarantee
For single parents with dependents to buy with 2% deposit.
Eligibility
Single parent with at least one dependent child
Benefit
2% deposit, no LMI
Availability
5,000 places per financial year
First Home Super Saver Scheme (FHSSS)
Save for a deposit inside your super fund with tax benefits.
Eligibility
All first home buyers
Benefit
Save faster with tax advantages (up to $50,000)
Availability
Unlimited
State-by-State Grants
Stamp duty exemption up to $800,000, concession up to $1M
$10,000 FHOG for new homes up to $600,000
$10,000 for new homes up to $750,000
Stamp duty exemption for homes up to $600,000
$30,000 for new homes (increased from $15,000)
Stamp duty concessions for homes up to $700,000
$10,000 for new homes
Stamp duty exemption for homes up to $430,000
$15,000 for new homes up to $650,000
Stamp duty relief available
$30,000 for new homes (building or buying)
Duty concession for properties up to $750,000
* Amounts and eligibility criteria are subject to change. Contact us for the latest information.
How to Apply
Check eligibility
Ensure you meet the criteria for each scheme (income caps, property type, etc.)
Gather documents
ID, proof of citizenship/residency, income evidence, contract of sale
Apply through your lender
Most schemes are applied for through your mortgage broker or lender
Settlement
Grants are typically paid at settlement or shortly after
Eligibility Checklist
Most grants require you to: