First Home Owners Grant

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First Home Owners Grant
Although the First Home Owners Grant is provided by the Federal Government, States also provide additional funds and / or concessions.

It is important the you are aware of what you are entitle to and you can achieve that by talking to one of our consultants, your solicitor and even use our Stamp Duty Calculator to determine how much of a discount you are able to obtain on your first owner occupied property.
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First Home Buyer
We have access to over 30 residential lenders and the great majority have approval from the appropriate Government Bodies to process the First Home Owners Grant.
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First Home Owners Grant.

The First Home Owners Grant is a program which was introduced by the federal government and is administered by each state and territory. It is designed to assist the first home buyer to get into the property market by providing a grant and in some states and territories, concessions on stamp duty.

First Home Owners Grant - State by State
The states and territories of Australia offer different concessions or assistance which are unique to each state. For example Victoria does not offer concessions on stamp duty although there is an additional 3k which the state government offers in addition to the federal first home owners grant. Another example is that of WA where there is up to 2k available through a body called REBA to assist first home owners cover some of the incidental costs incurred whilst purchasing a first home.

To help highlight these differences we have detailed for you the relevant information for your reference and broken these down state by state. There are also several web links which provide even more details for each of the states and territories and all this information on the first home owners grant is available for you below:

The First Home Owners Grant – State by State


First Home Owners Grant – VIC
First Home Owners Grant – NSW
First Home Owners Grant – QLD
First Home Owners Grant – ACT
First Home Owners Grant – SA
First Home Owners Grant – WA
First Home Owners Grant – TAS
First Home Owners Grant – NT

First Home Owners Grant – VIC

What is the amount of the grant? What is the amount of the grant?
The Federal Government grant is $7,000 The Federal Government grant is $7,000
The State Government grant is $3,000 and is called the first home bonus The State Government grant is $3,000 and is called the first home bonus
A first home bonus of $5,000 may be available if you are constructing a new home A first home bonus of $5,000 may be available if you are constructing a new home

Are there any stamp duty concessions? Are there any stamp duty concessions?
There are not any stamp duty concessions in VIC for most applicants although there are concessions if you meet certain criteria such as income level thresholds and dependant children ages There are not any stamp duty concessions in VIC for most applicants although there are concessions if you meet certain criteria such as income level thresholds and dependant children ages
How do I apply for the first home owners grant? How do I apply for the first home owners grant?
You can apply for the grant through one of the home loan providers we have on our panel who are accredited to process the first home owners grant or directly through the state government where your property will be purchase You can apply for the grant through one of the home loan providers we have on our panel who are accredited to process the first home owners grant or directly through the state government where your property will be purchase

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First Home Owners Grant – NSW

What is the amount of the grant? What is the amount of the grant?
The Federal Government Grant is $7,000 The Federal Government Grant is $7,000

Are there any stamp duty concessions? Are there any stamp duty concessions?
Yes, there is an exemption from stamp duty with a limit of $500,000 purchase price Yes, there is an exemption from stamp duty with a limit of $500,000 purchase price
There are also concessions from $500,000 to $600,000 as well There are also concessions from $500,000 to $600,000 as well
Vacant land also with which you will be building a home also have an exemption up to $300,000 and stamp duty concessions from $300,000 up to $450,000 Vacant land also with which you will be building a home also have an exemption up to $300,000 and stamp duty concessions from $300,000 up to $450,000

Are there any concessions if my partner has previously owned a property but I haven’t? Are there any concessions if my partner has previously owned a property but I haven’t?
Yes, as of the 1st May 2007 a provision has been put in place where there is still a concession available if one of two parties is not entitled the grant. The entitlement to the grant depends on the percentage ownership of the property and must be at least 50% owned by the applicant claiming the grant/concession Yes, as of the 1st May 2007 a provision has been put in place where there is still a concession available if one of two parties is not entitled the grant. The entitlement to the grant depends on the percentage ownership of the property and must be at least 50% owned by the applicant claiming the grant/concession

How do I apply for the first home owners grant? How do I apply for the first home owners grant?
You can apply for the grant through one of the home loan providers we have on our panel who are accredited to process the first home owners grant or directly through the state government where your property will be purchase You can apply for the grant through one of the home loan providers we have on our panel who are accredited to process the first home owners grant or directly through the state government where your property will be purchase

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First Home Owners Grant – QLD

What is the amount of the grant? What is the amount of the grant?
The Federal Government Grant is $7,000 The Federal Government Grant is $7,000

Are there any stamp duty concessions? Are there any stamp duty concessions?
Yes there are stamp duty concessions available to first home owners in QLD and there are three levels of stamp duty depending on the type of purchaser you are. The lower rate of stamp duty is only available to first home owners Yes there are stamp duty concessions available to first home owners in QLD and there are three levels of stamp duty depending on the type of purchaser you are. The lower rate of stamp duty is only available to first home owners

Are there mortgage duty concessions as a first home owner? Are there mortgage duty concessions as a first home owner?
Yes, there are concessions for mortgage duty if you are a first home owner and entitled to the grant. Note – Mortgage duty is due to be abolished by the 1st January 2009 Yes, there are concessions for mortgage duty if you are a first home owner and entitled to the grant. Note – Mortgage duty is due to be abolished by the 1st January 2009

How do I apply for the first home owners grant? How do I apply for the first home owners grant?
You can apply for the grant through one of the home loan providers we have on our panel who are accredited to process the first home owners grant or directly through the state government where your property will be purchase You can apply for the grant through one of the home loan providers we have on our panel who are accredited to process the first home owners grant or directly through the state government where your property will be purchase

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First Home Owners Grant – ACT

What is the amount of the grant? What is the amount of the grant?
The Federal Government Grant is $7,000 The Federal Government Grant is $7,000

Are there any stamp duty concessions? Are there any stamp duty concessions?
For the first home owner there are concessions available, the minimum duty payable is $20 and this extends up to a purchase of 310k and between this figure and 390k you pay a concessional rate of stamp duty. Concessions cease once the purchase price exceeds 390k For the first home owner there are concessions available, the minimum duty payable is $20 and this extends up to a purchase of 310k and between this figure and 390k you pay a concessional rate of stamp duty. Concessions cease once the purchase price exceeds 390k
There are also concessions when purchasing vacant land and the minimum payable here is $20 up to a purchase price of 172.5k, thereafter a concessional duty applies and all concessions cease for vacant land at 215.4k There are also concessions when purchasing vacant land and the minimum payable here is $20 up to a purchase price of 172.5k, thereafter a concessional duty applies and all concessions cease for vacant land at 215.4k

How do I apply for the first home owners grant? How do I apply for the first home owners grant?
You can apply for the grant through one of the home loan providers we have on our panel who are accredited to process the first home owners grant or directly through the state government where your property will be purchase You can apply for the grant through one of the home loan providers we have on our panel who are accredited to process the first home owners grant or directly through the state government where your property will be purchase

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First Home Owners Grant – SA

What is the amount of the grant? What is the amount of the grant?
The Federal Government Grant is $7,000 The Federal Government Grant is $7,000

Are there any stamp duty concessions?

Are there any stamp duty concessions?
Yes there are stamp duty concessions for first home owners. A full concession applies for home ranging up to 80k and thereafter an increasing scale of concession applies up to a maximum of 250k. Above a 250k purchase price there are no concessions available. Yes there are stamp duty concessions for first home owners. A full concession applies for home ranging up to 80k and thereafter an increasing scale of concession applies up to a maximum of 250k. Above a 250k purchase price there are no concessions available.

How do I apply for the first home owners grant? How do I apply for the first home owners grant?
You can apply for the grant through one of the home loan providers we have on our panel who are accredited to process the first home owners grant or directly through the state government where your property will be purchase You can apply for the grant through one of the home loan providers we have on our panel who are accredited to process the first home owners grant or directly through the state government where your property will be purchase

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First Home Owners Grant – WA

What is the amount of the grant? What is the amount of the grant?
The Federal Government Grant is $7,000 The Federal Government Grant is $7,000
There is an additional grant which first home owners may be entitled to and this is separate to any government grant. This is provided through REBA which is the Real Estate and Business Agents board and is designed to help cover the incidental costs of purchase a home. This scheme is called ‘Home Buyers Assistance Account’. There is an additional grant which first home owners may be entitled to and this is separate to any government grant. This is provided through REBA which is the Real Estate and Business Agents board and is designed to help cover the incidental costs of purchase a home. This scheme is called ‘Home Buyers Assistance Account’.

Are there any stamp duty concessions? Are there any stamp duty concessions?
Yes there is a full concession of stamp duty up to a property value of 500k and a scaled stamp duty rate from above 500k which ends at a 600k maximum purchase price Yes there is a full concession of stamp duty up to a property value of 500k and a scaled stamp duty rate from above 500k which ends at a 600k maximum purchase price
There are also concessions for first home owners who wish to purchase vacant land and a full concession applies up to 300k and partial concession above 300k which ends at 400k There are also concessions for first home owners who wish to purchase vacant land and a full concession applies up to 300k and partial concession above 300k which ends at 400k

How do I apply for the first home owners grant? How do I apply for the first home owners grant?
You can apply for the grant through one of the home loan providers we have on our panel who are accredited to process the first home owners grant or directly through the state government where your property will be purchase You can apply for the grant through one of the home loan providers we have on our panel who are accredited to process the first home owners grant or directly through the state government where your property will be purchase

How do I apply for the Home Buyers Assistance Account? How do I apply for the Home Buyers Assistance Account?
You need to apply separately for this amount as it is through a different group. The URL where you can download an application is http://www.reba.wa.gov.au/default.aspx?c=36 You need to apply separately for this amount as it is through a different group. The URL where you can download an application is http://www.reba.wa.gov.au/default.aspx?c=36

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First Home Owners Grant – TAS

What is the amount of the grant? What is the amount of the grant?
The Federal Government Grant is $7,000 The Federal Government Grant is $7,000

Are there any stamp duty concessions? Are there any stamp duty concessions?
Yes there are concessions for first home owners up to a maximum of $4,000 where the purchase price is 350k or less Yes there are concessions for first home owners up to a maximum of $4,000 where the purchase price is 350k or less
There are also concessions for the purchase of vacant land where a dwelling is to be constructed. The maximum concession is $2,400 where the purchase price of the vacant land is 175k or less There are also concessions for the purchase of vacant land where a dwelling is to be constructed. The maximum concession is $2,400 where the purchase price of the vacant land is 175k or less

How do I apply for the first home owners grant? How do I apply for the first home owners grant?
You can apply for the grant through one of the home loan providers we have on our panel who are accredited to process the first home owners grant or directly through the state government where your property will be purchase You can apply for the grant through one of the home loan providers we have on our panel who are accredited to process the first home owners grant or directly through the state government where your property will be purchase

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First Home Owners Grant – NT

What is the amount of the grant? What is the amount of the grant?
The Federal Government Grant is $7,000 The Federal Government Grant is $7,000

Are there any stamp duty concessions? Are there any stamp duty concessions?
Yes there is a full concession for a purchase of up to 385k, this represents stamp duty savings of $15,515.50 Yes there is a full concession for a purchase of up to 385k, this represents stamp duty savings of $15,515.50

How do I apply for the first home owners grant? How do I apply for the first home owners grant?
You can apply for the grant through one of the home loan providers we have on our panel who are accredited to process the first home owners grant or directly through the state government where your property will be purchase You can apply for the grant through one of the home loan providers we have on our panel who are accredited to process the first home owners grant or directly through the state government where your property will be purchase

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How can we help with the First Home Owners Grant?

As part of obtaining the right no deposit home loan what we also do to assist you is provide you with the information you need to know and help you in filling in the application and gathering the supporting documentation to ensure the first home owners grant is obtained.

Why not contact us to find out more or arrange for a home loan consultant who can help you with your home loan needs and the first home owners grant.

Useful Sites as a point of reference:
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