First Home Buyer Grants and Concessions in Australia 2026
The Australian and state governments offer a range of grants, stamp duty concessions and guarantee schemes to help first home buyers enter the property market. The rules, thresholds and amounts vary significantly by state and whether you are buying an established home or a new build. This guide summarises what is available in each state in 2026.
Federal Government Schemes for First Home Buyers
The federal government runs several schemes that apply nationally, subject to income and price caps.
| Scheme | What It Does | Key Conditions (2026) |
|---|---|---|
| First Home Guarantee (FHBG) | Buy with 5% deposit, no LMI, government guarantees 15% | Income cap: $125k singles / $200k couples. Price caps vary by state/region. |
| Regional First Home Buyer Guarantee | Same as FHBG for regional areas | Must have lived or worked in region for 12 months |
| Family Home Guarantee | Single parents can buy with 2% deposit, no LMI | Single parent with at least one dependant. Income cap $125k. |
| First Home Super Saver (FHSS) | Save for deposit inside superannuation at concessional tax rates | Up to $50k withdrawable (from $15k/year voluntary contributions) |
State-by-State First Home Buyer Grants 2026
| State | First Home Owner Grant | Stamp Duty Concession | New Build Only? |
|---|---|---|---|
| Victoria | $10,000 (new builds only) | Full exemption up to $600k; concession $600k-$750k | Grant: Yes. Exemption: No (established homes eligible) |
| NSW | $10,000 (new builds only) | Full exemption up to $800k; concession $800k-$1m | Grant: Yes. Exemption: No (established eligible) |
| QLD | $30,000 (new builds only, until June 2025 — check current amount) | Concession available for homes under $700k | Grant: Yes. Concession: No |
| WA | $10,000 (new builds only) | Exemption for homes under $430k; concession up to $530k | Grant: Yes. Exemption: Established eligible |
| SA | $15,000 (new builds only) | Off-the-plan stamp duty concession available | Grant: Yes |
| ACT | No FHOG (replaced by duty concession) | Home Buyer Concession Scheme — significant duty reduction | No — applies to established too |
Note: Grants and thresholds change. Always verify with the relevant State Revenue Office before purchasing. This table reflects publicly available information as at mid-2026.
How Much Can First Home Buyers Actually Save in Victoria?
In Victoria, buying an established home at $580,000 as a first home buyer means $0 stamp duty (full exemption under $600k), saving approximately $28,000 compared to a non-first-home buyer. On a new build at the same price, add the $10,000 First Home Owner Grant for a total saving of $38,000. These are material amounts that directly reduce your upfront deposit requirement.
GeeVee Verdict: Use Every Scheme Available
The combination of the First Home Guarantee (5% deposit, no LMI), stamp duty exemptions and the FHSS can collectively reduce your upfront cash requirement by $50,000 to $80,000 in the right circumstances. Get advice from a mortgage broker who specialises in first home buyers to stack these schemes correctly — not all lenders participate in all schemes.
Frequently Asked Questions
Can I get the first home buyer grant on an established property?
The First Home Owner Grant is only available on new builds in all states. However, stamp duty exemptions and concessions in Victoria and NSW apply to established homes as well as new builds, up to the relevant price threshold.
Can I use the First Home Super Saver scheme with the First Home Guarantee?
Yes. The FHSS and FHBG can be combined — you can use FHSS-released funds as part of your 5% deposit under the First Home Guarantee. Check with your financial adviser and mortgage broker to confirm the sequence and timing.
Do both buyers need to be first home buyers?
Yes, for most state grants and federal schemes, all purchasers on the contract must be first home buyers (or at least meet the eligibility criteria). If one buyer has previously owned property, you may not qualify. Check with your conveyancer.
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