GOVERNMENT GRANTS

If you’re a first home buyer, you may be entitled to a concessional rate of transfer duty or even an exemption from paying it altogether under the First Home Buyers Assistance scheme (FHBAS).

ELIGIBILITY: the grant is available for:

• buying an existing home
• buying a new home and
• vacant land on which you intend to build a home.

READ MORE: FIRST HOME BUYER ASSISTANCE SCHEME

If you’re a first home buyer and you’re buying or building a new home, you may qualify for a $10,000 grant under the First Home Owner Grant (New Homes) scheme.

If you purchase vacant land and sign a building contract with a builder then we add the value of the vacant land plus the value of the comprehensive home building contract plus the cost of any building variations done together. The total combined cost must not exceed $750,000.

ELIGIBILITY: the grant is available for:

• contract to buy a new home
• building contract by the owner of the land
• owner of the land building their own home.

READ MORE: FIRST HOME OWNER GRANT (NEW HOMES) SCHEME

The Family Home Guarantee (FHG) is part of the Home Guarantee Scheme (HGS), an Australian Government initiative to support eligible single parents or eligible single legal guardians of at least one dependent to buy a home sooner. It is administered by Housing Australia on behalf of the Australian Government.

The FHG aims to support eligible single parents or eligible single legal guardians of at least one dependent to buy a home, whether that single parent or single legal guardian is a first home buyer or a previous homeowner. From 1 July 2023 – 30 June 2024, 5,000 FHG places are available.

Under the FHG, part of an eligible home buyer’s home loan from a Participating Lender is guaranteed by Housing Australia. This enables an eligible home buyer to purchase a home with as little as 2% deposit without paying Lenders Mortgage Insurance.

For the FHG, any Guarantee of a home loan is for up to a maximum amount of 18% of the value of the property (as assessed by the Participating Lender). This Guarantee is not a cash payment or a deposit for a home loan.

ELIGIBILITY: To access the Family Home Guarantee, purchasers must meet the following eligibility checks:

• applying as an individual
• a single parent or single legal guardian of at least one dependent
• an Australian citizen or permanent resident* at the time they enter the loan 
• at least 18 years of age 
• earning no more than $125,000 per year 
• intending to be the owner-occupier of the purchased property 

NOT currently owning property, or upon settlement of the guaranteed property they’re buying, not intending to own a separate property.

READ MORE: FAMILY HOME GUARANTEE

The First Home Guarantee (FHBG) is part of the Home Guarantee Scheme (HGS), an Australian Government initiative to support eligible home buyers to buy a home sooner. It is administered by Housing Australia on behalf of the Australian Government.

Under the FHBG, part of an eligible home buyer’s home loan from a Participating Lender is guaranteed by Housing Australia. This enables an eligible home buyer to buy a home with as little as 5% deposit without paying Lenders Mortgage Insurance.

For the FHBG, any Guarantee of a home loan is for up to a maximum amount of 15% of the value of the property (as assessed by the Participating Lender). This Guarantee is not a cash payment or a deposit for a home loan. Eligibility criteria apply.

ELIGIBILITY: To access the First Home Guarantee, purchasers must meet the following eligibility checks (*Updated from 1 October 2025):

• applying as an individual or 2 joint applicant
• an Australian citizen(s) or permanent resident(s)* at the time they enter the loan
• at least 18 years of age
• no income caps: first home buyers with higher incomes can access the Scheme
• property price cap ‘NSW- other’ $900,000
• intending to be owner-occupiers of the purchased property
• First home buyers or previous homeowners who haven’t owned a property in Australia in the past ten years
• Simpler access in regional areas: Regional First Home Buyer Guarantee will be replaced by the First Home Guarantee

READ MORE: FIRST HOME GUARANTEE