Government Grants

Updated: Aug 4, 2021

The state and federal governments currently make several different grants available to First Home Buyers. What grants and/or concessions are currently on offer in your state or territory may vary and change over time however the information below provides an overview of the grants and schemes and links to relevant websites you can obtain more information relevant to your state.

First Home Super Saver Scheme

The First Home Super Saver (FHSS) scheme was introduced by the Australian Government in the Federal Budget 2017–18 to reduce pressure on housing affordability. The FHSS scheme allows you to save money for your first home inside your super fund. This will help first home buyers save faster with the concessional tax treatment of superannuation.

From 1 July 2017, you can make voluntary concessional (before-tax) and voluntary non-concessional (after-tax) contributions into your super fund to save for your first home.

From 1 July 2018, you can then apply to release your voluntary contributions, along with associated earnings, to help you purchase your first home. You must meet the eligibility requirements to apply for the release of these amounts.

You can use this scheme if you are a first home buyer and both of the following apply:

  • You either live in the premises you are buying or intend to as soon as practicable.

  • You intend to live in the property for at least six months within the first 12 months you own it, after moving in.

You can apply to have a maximum of $15,000 of your voluntary contributions from any one financial year included in your eligible contributions to be released under the FHSS scheme, up to a total of $30,000 contributions across all years. You will also receive an amount of earnings that relate to those contributions.

More information on the First Home Super Saver Scheme can be found on the ATO Website HERE.

First Home Owner Grant (FHOG)

The First Home Owner Grant Scheme was introduced on 1 July 2000 to offset the effect of GST on home ownership. The FHOG scheme is a national scheme that is funded by each state and territory of Australia under their relevant legislation.

The FHOG Scheme provides a one-off grant to home buyers that meet the applicable eligibility criteria.

The scheme varies in each state. More information can be found via the following links:

Commonwealth Government First Home Loan Deposit Scheme


The First Home Loan Deposit Scheme is an Australian Government initiative to support eligible first home buyers purchase their first home sooner.

Usually first home buyers with less than a 20 per cent deposit need to pay lenders mortgage insurance. Under the Scheme, eligible first home buyers can purchase a modest home with a deposit as little as 5 per cent (lender criteria also apply). The National Housing Finance and Investment Corporation (NHFIC) guarantees to a participating lender up to 15 percent of the value of the property purchased that is financed by an eligible first home buyer’s home loan.

There are currently 27 participating lenders across Australia offering places under the First Home Loan Deposit Scheme.

More information on the First Home Loan Deposit Scheme can be found in the NHFIC website - HERE.

HomeBuilder Grant

The Australian Government’s HomeBuilder Grant provides eligible owner-occupiers (including first home buyers) with a grant of $25,000 to build a new home or substantially renovate an existing home.

HomeBuilder is a time-limited grant program to help the residential construction market to bounce back from the Coronavirus crisis. HomeBuilder will provide eligible owner-occupiers (including first home buyers) with a grant of $25,000 to build a new home or substantially renovate an existing home where the contract is signed between 4 June 2020 and 31 December 2020.

Construction must commence within three months of the contract date.

HomeBuilder complements existing State and Territory first home owner grant programs, stamp duty concessions and other grant schemes, as well as the Commonwealth’s First Home Loan Deposit Scheme and First Home Super Saver Scheme.

More information on the HomeBuilder Scheme can be found in the Treasury Fact Sheet - HERE.

In addition to the HomeBuilder grant some States and Territories are offering a construction grant for a limited time with the aim of promoting investment in the residential market and to stimulate jobs in the construction industry.

In some states grants are available for eligible applicants who:

  • enter into a contract to build a new home on vacant land; or

  • enter into an off-the-plan contract to purchase a new home as part of a single-tier development on a strata plan or other land survey type.

Stamp Duty Concessions

As an incentive for first home buyers most states and territories in Australia offer stamp duty concessions to first home purchasers. Generally, first home buyers will be exempt from paying stamp duty charges for purchases of established homes up to a certain amount. The scheme varies in each state. More information can be found via the following links:

Speak to your mortgage broker today about government grants.


Kind Regards,


The Newstead Group Team

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