First Home Buyer Grants 2025: State-by-State Guide
IntuitiveCalc Team
Financial Content Specialist
Every grant, concession, and government scheme available to first home buyers across Australia – updated for 2025.
Federal Government Schemes
The federal government offers several programs to help first home buyers get into the market with a smaller deposit and avoid Lenders Mortgage Insurance (LMI).
First Home Guarantee (FHBG)
Buy a home with just 5% deposit without paying LMI. The government guarantees up to 15% of the property value.
First Home Guarantee Details
- Deposit required: 5% (vs. 20% normally)
- LMI savings: $10,000 - $30,000+
- Places available: 35,000 per year
- Income cap (single): $125,000
- Income cap (couple): $200,000 combined
Property Price Caps (2024-25)
| Location | Capital/Metro | Regional |
|---|---|---|
| NSW | $900,000 | $750,000 |
| VIC | $800,000 | $650,000 |
| QLD | $700,000 | $550,000 |
| WA | $600,000 | $450,000 |
| SA | $600,000 | $450,000 |
| TAS | $600,000 | $450,000 |
| ACT | $750,000 | N/A |
| NT | $600,000 | $600,000 |
Regional First Home Buyer Guarantee
Same as FHBG but specifically for regional areas. 10,000 places available per year with regional price caps.
Family Home Guarantee
For single parents with dependents. Buy with just 2% deposit without paying LMI.
First Home Super Saver Scheme (FHSSS)
Salary sacrifice up to $15,000/year (max $50,000 total) into super, then withdraw for a home deposit. Save on tax since super contributions are taxed at 15% vs your marginal rate.
FHSSS Savings Example
Contribute $15,000/year for 3 years = $45,000
Tax saved at 32.5% vs 15%: ~$7,875
Plus earnings on contributions while in super
New South Wales
First Home Buyer Assistance Scheme (Stamp Duty)
- Full exemption: Properties up to $800,000
- Reduced duty: Properties $800,001 - $1,000,000
- New and existing: Both eligible
First Home Owner Grant (New Homes)
- Grant amount: $10,000
- Property cap: $600,000 (new home value)
- Eligibility: New homes or substantially renovated homes only
NSW Shared Equity Scheme
Government co-owns up to 40% of a new home or 30% of existing home. You pay the mortgage on your share only.
Victoria
First Home Owner Grant
- Grant amount: $10,000
- Property cap: $750,000
- Eligibility: New homes only (including off-the-plan)
Stamp Duty Concessions
- Full exemption: Properties up to $600,000
- Reduced duty: Properties $600,001 - $750,000
- Principal place of residence: Required
Victorian Homebuyer Fund
Government contributes up to 25% of purchase price (shared equity). You buy the government's share over time.
Queensland
First Home Owner Grant
- Grant amount: $30,000 (increased in 2024!)
- Property cap: $750,000
- Eligibility: New homes, substantially renovated homes, or owner-built homes
Queensland's $30,000 Grant
Queensland offers Australia's most generous first home grant at $30,000 (increased from $15,000 in 2024). This makes building or buying new in QLD very attractive.
Transfer Duty Concessions
- Full concession: Properties up to $700,000 (vacant land $350,000)
- Reduced duty: Properties $700,001 - $800,000
Western Australia
First Home Owner Grant
- Grant amount: $10,000
- Property cap: $750,000
- Eligibility: New homes only
Transfer Duty Concessions
- Full exemption: Properties up to $430,000
- Reduced duty: Properties $430,001 - $530,000
Keystart Home Loans
WA's government lending program. Low deposit (2-5%), no LMI, flexible income requirements. Great for those who don't qualify for traditional loans.
South Australia
First Home Owner Grant
- Grant amount: $15,000
- Property cap: $650,000
- Eligibility: New homes only
Stamp Duty Relief
- Full exemption: Homes up to $650,000 (or land up to $400,000)
- Sliding scale: Reduced duty $650,001 - $700,000
Tasmania
First Home Owner Grant
- Grant amount: $30,000
- Property cap: $750,000
- Eligibility: New homes only
Stamp Duty Concessions
- 50% discount: On transfer duty for first home buyers
- Property cap: $750,000
Australian Capital Territory
Home Buyer Concession Scheme
The ACT has abolished the First Home Owner Grant but offers stamp duty concessions:
- Full exemption: For eligible first home buyers
- Income threshold (single): $170,000
- Income threshold (couple): $260,000
- Property cap: No cap, but income-based
Northern Territory
First Home Owner Grant
- Grant amount: $10,000
- Property cap: No cap
- Eligibility: New homes only
Territory Home Owner Discount
Stamp duty discounts on both new and established homes for first home buyers and owner-occupiers.
Quick State Comparison
| State | FHOG (New) | Stamp Duty Relief | Other Schemes |
|---|---|---|---|
| NSW | $10,000 | Up to $800k | Shared Equity |
| VIC | $10,000 | Up to $600k | Homebuyer Fund |
| QLD | $30,000 | Up to $700k | - |
| WA | $10,000 | Up to $430k | Keystart Loans |
| SA | $15,000 | Up to $650k | - |
| TAS | $30,000 | 50% discount | - |
| ACT | - | Full exemption | Income-tested |
| NT | $10,000 | Discounted | Home Owner Discount |
Eligibility Checklist
Common requirements across states (check specific state requirements):
- Australian citizen or permanent resident
- Over 18 years of age
- Never owned property in Australia before
- Intend to live in the property for at least 6-12 months
- Property value within price caps
- Meet income thresholds (for some schemes)
Partner Owned Before?
If your partner has owned property before, you may be ineligible for first home buyer grants and concessions – even if you haven't owned. Check your state's specific rules carefully.