Your Guide To The First Home Owners Grant in NSW and QLD

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Your Guide To The First Home Owners Grant in NSW and QLD

What is the First Home Owners Grant?

The First Home Owners Grant (FHOG) in Australia is designed to encourage and assist home ownership across the country, and for eligible borrowers it’s a great start to life as a property owner. The grant differs in each state and territory and in most places it applies to new homes only. Below is more information on the FHOG schemes for NSW and QLD.

New South Wales
  • A $10,000 First Home Owner Grant for builders of new homes up to $750,000, and for purchases of new homes up to $600,000
  • No stamp duty for all homes up to $650,000
  • Stamp duty reductions on homes up to $800,000
  • No insurance duty on lender’s mortgage insurance

You must live in the home you buy for at least 6 months in the first year of owning the property in order to receive the grant (unless you work in the Australian Defence Force).

You may also be eligible for an exemption from transfer duty if you buy a new home valued up to $550,000, or vacant land up to $350,000. You can get a concession on the transfer duty for new homes valued between $550,000 and $650,000, or vacant land valued between $350,000 and $450,000.

See our range of house and land packages in NSW


Formerly the Great Start Grant it has now been renamed to the Queensland First Home Owners’ Grant from 1 July 2016.

This grant offers $20,000 for eligible first home buyers who are buying or building a new home up to the value of $750,000 – including off-the-plan homes. This amount applied to all building or purchasing contracts signed between 1 July 2016 and 31 December 2017; for contracts signed after this period, the Grant amount reverted back to the original $15,000.

See our range of house and land packages in QLD.

Have more questions or want to know more about buying for first home? Talk to us today and begin your journey to home ownership.

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