Grants and incentives for First Home Buyers

New South Wales

$10,000 for new or substantially renovated homes.

The grant is not available for established homes.

For new builds the purchase price must not exceed $600,000.

If you purchase vacant land and sign a building contract with a builder, the price is capped at $750,000.

Eligible first home buyers can benefit from the First Home Buyer Assistance Scheme by receiving a full exemption from transfer duty (stamp duty) on properties valued at $800,000 or less, or a reduced rate for properties between $800,000 and $1 million.

If you are purchasing vacant land and intend to build a home, you may receive an exemption for land valued up to $350,000, or eligible for a concessional rate for land valued over $350,000 and under $450,000.

Victoria

$10,000 if buying a new or established home valued up to $750,000.

The State Revenue Office Victoria offers a one-off duty exemption is available for properties purchased as a principal place of residence valued up to $600,000. A concession for a principal place of residence is in place for properties valued between $600,001 and $750,000. 

Queensland

Grants of $30,000 or $15,000 are available to buy or build a new home that has never been lived in, sold as a place of residence or has been substantially renovated.

The value of the purchased home must be less than $750,000. Homes valued at $750,000 or more are ineligible.

From May 1, 2025, first homebuyers who enter into a contract to purchase a new home to live in or vacant land on which they plan to build a home to live in can apply for a full transfer duty concession, effectively paying no stamp duty.
 

South Australia

$15,000 if buying or building a new property that will be a principal place of residence.

No property price cap applies for contracts entered into on or after June 6, 2024.

For contracts entered into between June 15, 2023 and June 5, 2024, the grant is only available for eligible properties with a market value of $650,000 or less.

For contracts signed between September 17, 2010 and June 14, 2023, the FHOG is only available for eligible properties with a market value of $575,000 or less.

Stamp duty relief is available for eligible first homebuyers who buy a new home, an off-the-plan apartment or vacant land to build a home on. It does not apply to established homes, knockdown rebuilds and investment properties.

The amount of stamp duty relief depends on the date you enter or entered into your contract. More information is available from Revenue SA.

Full or partial stamp duty relief also depends on the purchase price of the property.

Australian Capital Territory

The ACT no longer has a first homeowner grant, but buyers have access to the means-tested Home Buyer Concession Scheme giving eligible homebuyers up to $34,270 off their purchase.

First homebuyers do not pay stamp duty in the ACT. This concession is available to all properties in the ACT, including vacant land, new and established homes at any price.