Can I get the FHOG for an existing home?

In most states, the FHOG is only available for new homes, substantially renovated homes, or homes you build yourself. NSW, Victoria, and most other states no longer offer FHOG for established (existing) properties. However, stamp duty concessions may still apply.

How much deposit do I need as a first home buyer?

While 20% is ideal to avoid Lenders Mortgage Insurance (LMI), first home buyers can often purchase with as little as 5% deposit. Some lenders offer 2% deposit options with family guarantees. Your deposit amount affects your borrowing power and loan costs.

What is stamp duty exemption for first home buyers?

Stamp duty exemptions reduce or eliminate the transfer duty you pay when purchasing property. For example, NSW offers full exemption for first homes under $800,000 for existing homes and $1,000,000 for new homes. Thresholds and concessions vary by state.

Can I use my super for a house deposit?

Yes, through the First Home Super Saver Scheme (FHSSS), you can withdraw voluntary super contributions (up to $50,000) for your first home deposit. This can provide tax advantages compared to saving through a regular bank account.

Do I need to pay LMI as a first home buyer?

Lenders Mortgage Insurance (LMI) is typically required when borrowing more than 80% of the property value. However, first home buyers may access the First Home Guarantee scheme, allowing 5% deposits without LMI for eligible buyers (limited places available).

How long do I need to live in the property to keep my grant?

Most states require you to move into the property within 12 months of purchase and live there as your principal residence for at least 6-12 months continuously. Requirements vary by state, so check your specific state's conditions.

Can couples both claim the first home buyer grant?

No, only one grant is payable per eligible transaction, regardless of how many first home buyers are purchasing together. However, if you're buying with someone who has previously owned property, you may still be eligible for a proportional grant in some states.

first home buyerJan 2026

First Home Buyer Guide 2026

Everything you need to know about buying your first home in Australia. Access up to $65,000 in combined grants and exemptions.

Book a Complimentary Consultation Use Our Calculators

Buying your first home is one of life's biggest financial decisions. In 2026, Australian first home buyers have access to substantial government support, including the First Home Owner Grant (FHOG), stamp duty concessions, and various state-specific incentives.

This comprehensive guide covers everything from understanding your borrowing capacity to navigating the settlement process. Whether you're looking at established homes, new builds, or off-the-plan purchases, we'll help you understand your options.

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Understanding First Home Buyer Grants in 2026

Each Australian state and territory offers different levels of support for first home buyers. The First Home Owner Grant (FHOG) provides cash grants ranging from $10,000 to $30,000 depending on your location and property type.

State-by-State Grant Summary

NSW: Up to $10,000 for new homes under $600,000
VIC: Up to $10,000 for new homes under $750,000 (regional bonus available)
QLD: $30,000 for new homes under $750,000
WA: $10,000 for new homes under $750,000
SA: $15,000 for new homes under $650,000

Stamp Duty Exemptions and Concessions

Beyond cash grants, stamp duty savings can be significant. Many states offer full exemptions for properties under certain thresholds, with sliding scale concessions for higher-value purchases.

Key Eligibility Requirements

You must be an Australian citizen or permanent resident
You must be at least 18 years of age
You must not have previously owned property in Australia
You must live in the property as your principal place of residence

Building Your Deposit

While 20% deposits avoid Lenders Mortgage Insurance (LMI), many first home buyers enter the market with as little as 5%. The key is understanding the trade-offs and having a clear savings strategy.

Ready to Start Your Home Buying Journey?

Don't navigate this complex process alone. Our experienced mortgage brokers specialise in helping first home buyers maximise their grants, minimise costs, and secure competitive loan rates. Book a complimentary consultation to discuss your specific situation.

Frequently Asked Questions

The FHOG is a one-off payment by Australian state and territory governments to assist first home buyers. In 2026, grants range from $10,000 to $30,000 depending on your state and whether you're buying new or building. Queensland offers the highest grant at $30,000 for new homes.

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