F.H.O.G | ENIGMA CORPORATION GROUP

All your questions about the first home owners grant answered

Below you’ll find the grants and stamp duty concessions available in each state. Remember there are a host of eligibility requirements for the grant and duty concessions which can vary from state to state, so be sure to visit your state’s office of revenue website and find out if you’re eligible.
ACT

Is there a first home buyers grant?

Yes, there is a grant of $7,000 to help fund the purchase of a new or substantially renovated home. Properties of $750,000 or less are eligible.

Are stamp duty concessions available?

Yes, stamp duty concessions are available on new or substantially renovated properties valued at less than $562,000.

Purchase valueConcessional duty payable
$455,000 or less
$20 (minimum duty)
$455,001 to $585,000
$13.60 for each $100 or part thereof by which the dutiable value exceeds $455,000
$585,000 or more
No concession
Vacant land $272,200 or less
$20 (minimum duty)
Vacant land $262,201 to $317,600
$13.55 for each $100 or part thereof by which the dutiable value exceeds $262,200
$317,600 or more
No concession
NSW

Is there a first home buyers grant?

Yes, the First Home Owner Grant (New Homes) scheme offers a $10,000 grant for the purchase or construction of new homes. The value of the property of a purchased property must not exceed $600,000 and the value of a constructed home must not exceed $750,000.

Are stamp duty concessions available?

Yes, the First Home Buyers Assistance scheme provides first home buyers with exemptions from transfer duty on new homes valued up to $650,000 and concessions for new homes valued between $650,000 and $800,000. No duty is payable by eligible purchasers buying a vacant block of residential land valued at up to $350,000, while concessions are available for vacant land purchased for between $350,000 and $450,000.

Purchase PriceFirst Home - New Home Duty
$650,000
$0
$660,000
$2,090
$670,000
$4,190
$680,000
$6,290
$690,000
$8,390
$700,000
$10,490
$710,000
$12,590
$720,000
$14,690
$730,000
$16,790
$740,000
$18,890
$750,000
$20,990
$760,000
$23,090
$770,000
$25,190
$780,000
$27,290
$790,000
$29,390
$800,000
No discount
VIC

Is there a first home buyers grant?

Yes, the $10,000 First Home Owner Grant is available to eligible applicants buying or building a new home valued at up to $750,000. A $20,000 First Home Owner Grant is available to applicants buying or building a new home in regional Victoria valued up to $750,000.

Are duty concessions available?

First home buyers purchasing a new or established home valued below $600,000 will be exempt from stamp duty, while buyers purchasing a new or established home valued between $600,000 and $750,000 will be eligible for a stamp duty concession, applied on a sliding scale.

QLD

Is there a first home buyers grant?

Yes, the Queensland First Home Owners' Grant offers $20,000 to first-time owners buying or building a new home. The grant is available for properties valued at less than $750,000. Note: from 1 July 2018 this grant will drop to $15,000.

Are transfer duty (stamp duty) concessions available?

Yes, stamp duty concessions are available if you buy a home valued less than $550,000 or vacant land less than $400,000. The more you pay for your home or land within these limits, the smaller the concession available.

Transfer duty breakdown (for first home purchases)
Purchase priceStamp duty
$500,000
$0
$530,000
$6,300
$580,000
$11,950 (no concession)
Vacant land $240,000
$0
Vacant land $300,000
$4,125
Vacant land $450,000
$14,175
WA

Is there a first home buyers grant?

Yes, the FHOG of $10,000 is available if you are buying or building a new home. Eligible properties located south of the 26th parallel of south latitude are limited to $750,000, while properties north of the 26th parallel of south latitude are limited to $1 million.

Are stamp duty concessions available?

Yes, the First Home Owner Rate of Duty provides exemptions and concessions when purchasing homes valued at less than $530,000 and vacant land less than $400,000.

Purchase PriceGrant/Concession
Less than $430,000
Exempt from stamp duty
$430,000 to $530,000
Duty payable at a rate of $19.19 for every $100, or part of $100, by which the value exceeds $430,000
$530,001 or more
No concession or exemption
Vacant land less than $300,000
Exempt from stamp duty
Vacant land $300,000 to $400,000
Duty payable at a rate of $13.01 for every $100, or part of $100, by which the value exceeds $300,000
Vacant land $400,000 or more
No concession or exemption
SA

Is there a first home buyers grant?

Yes, the FHOG of up to $15,000 is available for the purchase and construction of new homes valued up to $575,000.

Are stamp duty concessions available?

There are no exemptions specific to First Home Buyers but you may be eligible for the off-the-plan stamp duty concession if you purchase a new or substantially refurbished apartment, capped at the stamp duty payable on a $500,000 valued apartment.

TAS

Is there a first home buyers grant?

Yes, the $20,000 FHOG is available for buying a new home, buying a home off the plan or building a new home. From 1 July 2019 the grant amount will be $10,000.

Are property transfer duty concessions available?

No, there are no concessions or exemptions from stamp duty for first home buyers in Tasmania.

NT

Is there a first home buyers grant?

Yes, the $26,000 FHOG is available to eligible applicants who purchase or construct a new home. No limit applies to the value of the property you buy or build.

Are stamp duty concessions available?

Yes, the First Home Owner Discount (FHOD) is available to who enter into a contract to purchase an established home from 24 May 2016. This discount is a full concession on the initial $500,000 value of the home, which equates to a saving of up to $23,928.60 on stamp duty. For homes valued above $650,000 and purchased or contracts entered into before 31 December 2016 the concession is capped at $10,000. Below is a table outlining possible stamp duty savings with the FHOD.

Purchase PriceStamp duty amountFHODStamp duty amount after FHOD
$400,000
$16,514.30
Full concession
$0.00
$450,000
$20,057.15
Full concession
$0.00
$500,000
$23,928.60
Full concession
$0.00
$650,000
$32,175.00
$23,928.60 (full concession on first $500,000 value)
$8,246.40
$700,000
$34,650.00
$10,000 (for properties purchased before 31 December 2016)
$24,650.00

Am I eligible for the First Home Owners Grant?

The eligibility criteria for first home buyers differ slightly between the states and territories but generally, eligibility criteria include:
  • You must be a first home buyer as a person, not as a company or trust.
  • At least one applicant must be a permanent resident or Australian citizen.
  • Each applicant must be at least 18 years old.
  • You or your spouse, partner or co-purchaser must not have previously owned an interest in land in Australia which had a residence on it, before 1 July 2000.
  • You or your spouse or partner cannot have lived in a residential property which you owned from 1 July 2000.
  • You, your spouse, partner, or co-purchaser may not have claimed the grant previously.
  • You must occupy your first home as your principal place of residence within 12 months of the construction or purchase of your home and minimum period of occupancy is 12 consecutive months..
There are other state-specific conditions as well, which will depend on the state you’re buying in.

All your questions about the first home owners grant answered

To help you to understand the First Home Owners Grant we have compiled a list of answers to some of the most frequently asked questions:
1What happens if I move out of my home in the first 12 months?
If you have lived in your home for a continuous period of six months, you may keep the grant, but if you move out before this time, you will be required to repay the grant.
2Can I apply for the first home owner grant if I'm a temporary resident?
Unfortunately first home owner benefits aren't available for temporary residents. They also can't be retroactively applied for once permanent residency is obtained, as you must be eligible at the time of signing the contract.
3I am buying the property jointly with a friend. Do we both have to be eligible?
If you are buying the property in conjunction with another person, you must both meet the First Home Owners Grant criteria for the grant to be applicable.
4My partner and I are buying the property jointly and not of us have owned a property before.
No. A single grant is payable per property transaction not per person.
5Does my income affect the grant, and is it taxed?
No, the grant is not means tested, and you do not have to pay tax on it.
6What sort of home qualifies me for the grant?
An eligible home must be a new or established Australian house, home unit, flat, or other types of self-contained fixed dwelling that meets local planning standards. The specific rules vary by state.
7Will I be eligible for the First Home Owner if I buy an on-site home in a caravan park?
You would qualify for the grant provided the home is fixed (i.e. not movable), but you would not be eligible if you purchased a mobile home such as a caravan.
8I am buying an existing home. Does that qualify me for the grant or does it have to be a new home?
That depends on the state, with many now limiting the grant to purchasers of new or substantially renovated homes.
9I’m buying a home in Australia, but I already own property outside Australia, does that mean I don’t qualify for the grant?
You can be eligible for the grant provided you have not owned property in Australia before.
10I inherited a property. Can I claim the First Home Owner Grant for that?
No. You must be a buyer or builder of the property. If you received it as a gift, or inheritance you are not eligible for the grant.