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First Home Grant Calculator

First Home Owners Grant Calculator

Property details

Loan amount ?
$
Property value ?
$
Which state are you buying in?
Is the property in a capital city? ?
Are you relocating to regional area? ?
Which type of property are you buying? ?
Will you move into the property? ?

Other details

Total income of all purchasers
$
Number of dependant children
Property location ?
Are you an Australian citizen or permanent resident??
Are you purchasing residential property?
Are you an eligible senior, pensioner or carer??
Have you or your partner purchased a residential property before? ?

Contact a mortgage broker

Talk to one of our mortgage brokers about your situation: Yes No  

Tips for using this calculator

This calculator is designed to work out which government benefits such as grants and stamp duty exemptions that you may be eligible for.

Please be aware that:

  • We have assumed that you meet some standard first home buyer criteria.
  • We have assumed that you are signing the contract of sale today.
  • If you are not looking to purchase right now, the benefits may change in the future.
  • Please refer to your state government website to confirm the full criteria and grant conditions.
  • First home buyers should also use our credit score, borrowing power and LMI calculators.

Are there grants for non-first home buyers?

Yes, some grants are for other types of people such as seniors, carers or people relocating to a regional area.

In addition to this many state governments have stamp duty exemptions for people who are buying a new property, even if it is an investment!

Stamp duty exemptions

If you are buying a property for more than $500,000, then you may find that the stamp duty cancels out the grant!

For this reason a lot of state governments also have stamp duty exemptions for eligible first home buyers.

You’ll find that a stamp duty exemption greatly reduces the minimum deposit that you neeed.

Did you know that our grant calculator is also a stamp duty calculator?

Construction & new home grants

Some state governments only give a first home grant, or have an additional grant, if you are buying a new property or building a new home.

These are some of the larger grants which can make buying a new property very attractive.

However you should be cautious to make sure that the property developer hasn’t inflated their prices due to a high number of first home buyers seeking a new apartment or house. Please refer to our guide on how to value a property.

Regional relocation grants

In some states there is a grant if you are moving from a metropolitan area to an eligible regional location.

The purpose of this grant is to lessen the brain drain to the capital cities and assist with the cost of relocating to a country area.

Unfortunately many people that qualify for these grants don’t know that they exist!

Rural & regional grants

Many state governments have a higher first home owners grant for people buying a home in a regional location.

The purpose of this grant is to stimulate new home construction and housing affordability outside of the capital cities.

Please refer to our calculator to see if this is available in your state.

When do first home owners grants change?

The first home owners grant is a hot political topic!

In fact the grants were first introduced in 2000 to offset the increase in new home prices due to the introduction of the GST.

Politicians are well aware that young Australians are concerned that they may not be able to afford a home. For this reason they often promise new benefits during elections.

Federal elections are likely to result in changes to the standard first home owners grant, as this is a Federal scheme.

State elections are likely to result in changes to construction, new home, relocation and regional grants as well as stamp duty exemptions.

If the building industry is stagnating then it is likely that the state government will introduce or increase their new home grant as this has been a very effective method of boosting the industry.

When will it end?

Currently there is no end date for the main first home owners grant.

However state grants all have specific end dates, please refer to your state government for the full details.

Which states have first home grants?

  • NSW,
  • VIC,
  • QLD,
  • WA,
  • SA,
  • NT,
  • TAS, and
  • ACT.

Please note that each state government has different benefits!

Don't base your buying decision on grants

Some first home buyers specifically choose a property type of location because of additional first home benefits.

We strongly believe that your focus should be on what property is suitable for you and if you are ready to buy a home.

Too many first home buyers buy a property before they are ready simply because of a special grant that ends soon.

Disclaimer

This calculator is a guide only. Due to the complexity of the qualification criteria and the differences between the state governments it is not always possible to keep our calculator up to date.

You can refer to your state government website for the full eligibility requirements, qualifying transactions and changes in the first home benefits such as grants and stamp duty exemptions. We accept no liability for any inaccuracies in this calculator.

If you have any questions then please call us on 1300 889 743 or enquire online and one of our mortgage brokers will call you back to discuss your options.

  • Pryce Isryt

    I’m looking to buy a home for myself in North Melbourne sector by the end of this year and my partner is a foreign citizen. Will I be entitled for the entire FHOG amount?

  • Hi Pryce,

    As long as both of you can meet the eligibility requirements and at least one of you is a permanent resident, an Australian citizen or a NZ citizen holding a special category, you should be eligible to receive the full amount depending on which state you’re buying in.

  • Strachan

    Seems I qualify according to this calculator. Any tips on filling in the application form?

  • Hello Strachan, you can check out how to apply for the grant as well as some pointers on filling in the application form by going through our first home owners grant guide:
    https://www.homeloanexperts.com.au/home-loan-documents/first-home-owners-grant-guide/

  • stapley

    What documents will I need to provide when applying for the grant?

  • Hey stapley, you’ll need to provide a copy of the contract of sale, ID documents such as your Australian citizenship certificate, as well as additional supporting documents such as a certified copy of your marriage certificate if you’re married. We help our customers with their first home owners grant application so please 1300 889 743 if you need assistance to complete the form, provide the correct supporting documentation as well as following up with the lender to make sure your grant is approved and paid promptly.

  • demi

    Hi, do we get FHOG even for an investment property?

  • You won’t qualify for the FHOG if the property will be used solely for investment purposes. Please check out the FHOG eligibility criteria here:
    https://www.homeloanexperts.com.au/home-loan-documents/first-home-owners-grant-guide/

  • Tin

    How much stamp duty will I have to pay on top of the LMI if I’m buying in New South Wales, Victoria or Queensland?

  • For NSW and QLD, the stamp duty is 9.0% of the premium. For VIC, it’s 10.0%. Note that if you’re buying in the ACT then it would be 0% as it’s abolished.

  • Therese Fairchild

    Can you get first home owner grant in Queensland if you are buying a preloved home? or is it only for new homes built

  • Hi Therese
    Nope sorry it has to be new. There’s some info here https://firsthomeowners.initiatives.qld.gov.au/

  • Therese Fairchild

    Thanks thats what I thought but someone told me otherwise

  • Joe

    We are New Zealand citizens. We have bought a home in New Zealand, but have never bought any in Australia. Do we qualify for the First Home Owners Grant if we buy a home in Queensland?

  • Hi Joe,
    Yes you can qualify. It has to be a new property and you’d need to live in it for 6 months starting within the first 12 months. You can find some info here https://firsthomeowners.initiatives.qld.gov.au/
    We can assist if you need a home loan to buy the property.

  • Joe

    We are intending to buy a plot of land which costs about $400,000. We have approached a builder for a quote to build a home and it costs about $400,000. The builder says it takes about 12 months to have the home built. How can we live in the home for 6 months within the first 12 months? Is it within the first 12 months from the date of completion of the home? Can we qualify for the FHOG if we just buy the plot of land?

  • Hi Joe
    The grant is received by your bank and is paid towards the cost of construction at the time of construction starts.
    You must start living in the property within 12 months of construction being complete.
    Double check the government website for your state to be sure.

  • Hayden

    How does the government tell if you have actually lived in the property for 6 months in the first 12 months? This is in relation to the FHOG NSW. Does someone actually come round to the property to check you are living there?

  • Hi Hayden
    I believe they send a letter out around a year after the grant has been paid and ask for evidence such as a utility bill. They can also cross reference other government databases e.g. the ATO. I’m not sure if they do this for all grants paid but they certainly do for some in NSW.
    I’d recommend that you only claim the grant if you are eligible and if you have not been able to move in then inform the government and repay the grant to avoid any penalties.

  • Liana Jones

    does the home owners grant allow for you to build on a rural property???

  • Hi Liana,
    Yes this is fine.