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Can I get a First Home Owner Grant from the government?

If you’re a first home buyer, the answer is probably yes.

The amount and eligibility criteria for the First Home Owner Grant varies, but here is a summary of what each state currently offers;

  • NSW – a $10,000 grant available for new properties valued up to $600,000 or $750,000 when building a home.
  • Victoria – a $10,000 grant for buying or building a new home valued up to $750,000.
  • Queensland – a $15,000 grant to buy or build a new home valued up to $750,000.
  • ACT - a $7,000 grant. For 2023-24, the maximum concession amount is $34,504.
  • WA – a $10,000 grant for buying or building a new home valued up to $750,000 (south of the 26th parallel) or $1 million (north of the 26th parallel).
  • SA – a $15,000 grant for buying or building a new home valued up to $650,000 (where the contract was entered into on or after 15 June 2023) or $575,000 (where the contract was entered into on or before 14 June 2023).
  • Tasmania – up to $30,000 grant for buying or building a new home.
  • NT - a $10,000 grant for buying or building a new home of any value.

To see the eligibility criteria for your state or territory, visit the government website.

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Legal things about our rates
Our home loans are subject to credit criteria and eligibility requirements. Home loan interest rates are for new customers only and can change. Our comparison rates are based on a $150,000 loan amount over a 25 year term. They factor in fees associated with applying for the loan; ongoing fees and fees associated with leaving the loan. Our fixed loans roll to a variable principal and interest rate at the end of the fixed term. If the interest only period is not specified, the comparison rate is calculated on a one year period.

WARNING: The comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

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