The FHOG is a state-based scheme that provides a one-off cash payment to eligible first-home buyers who purchase or build a new home. The amount varies depending on where you live but typically sits between $10,000 and $20,000.
To qualify, the home must generally be:
- Newly built, off-the-plan or substantially renovated
- Not previously lived in or sold
- Valued under your state’s price cap (for example, $750k in VIC)
2. Who’s Eligible?
While each state and territory has its own rules, most require that you:
- Are 18 years or older
- Are an Australian citizen or permanent resident
- Have not owned residential property in Australia before
- Have not previously received a first-home buyer grant
- Will live in the home as your principal place of residence, often for 12 consecutive months
If buying as a couple, usually at least one applicant must meet the citizenship/residency requirement.
3. More Assistance for First-Home Buyers
Beyond the FHOG, several other incentives can make getting into your first home more achievable.
Stamp Duty Exemptions & Concessions
Most states offer reduced or zero stamp duty for first-home buyers purchasing under certain price thresholds.
Federal Home Guarantee Scheme
Buy with as little as 2% deposit without paying Lenders Mortgage Insurance (LMI), thanks to government backing.
Shared-Equity Programs
Some states offer shared-equity schemes where the government contributes part of the purchase price, reducing your loan amount.
4. Common Mistakes to Avoid
- Assuming the grant applies to existing homes
- Forgetting the occupancy requirement
- Missing application deadlines
- Not combining incentives to maximise savings
- Overlooking price caps on new builds
5. Final Thoughts
Understanding Australia’s first-home buyer incentives can save you tens of thousands of dollars — but the rules can be complex. Always check your state’s specific criteria and consider speaking with a mortgage broker to ensure you don’t miss out on benefits you’re entitled to.
