First Home Owner Grant NSW


First Home Owner Grant Update:

The First Home Loan Deposit Scheme is an Australian Government initiative to support eligible first home buyers purchase a home sooner. It does this by providing a guarantee that will allow eligible first home buyers on low and middle incomes to purchase a home with a deposit of as little as 5 per cent (lender’s criteria apply). For more information and to apply, click the link to the First Home Loan Deposit Scheme (FHLDS) website and/or download the Fact Sheet.

Link to FHLDS website 

Download the FHLDS Fact Sheet:

What is the first home owner grant?

The first home owner grant is a government payment that can help towards the cost of purchasing your first home. This money is useful for paying costs like stamp duties, legal fees and title searches, or adding to your deposit.

You may be eligible for the first home owner grant (known as FHOG) if you’re buying property for the first time as long as you intend to live in the property yourself. The FHOG was introduced country-wide in 2000 to offset the effects of the GST on home buyers. Now, it’s used in NSW to do two things:

How does the FHOG operate in NSW?

In NSW, as at July 2018, the grant currently gives eligible first home owners $10,000 to purchase a new home of up to $600,000 or to build a new home up to $750,000.

The current grant applies to contracts dated after 1 January 2016. For contracts dated between 1 October 2012 and 31 December 2015, a higher grant of $15,000 applies.

If you’re an owner builder, the contract date is the date when the building work commenced.

The FHBAS applies to vacant land on which you plan to build your home.

You won’t pay any transfer duty if your land is valued at less than $350,000.
For land valued between $350,000 and $450,000, you’ll receive a concessional rate.

Who’s eligible for the FHBAS?

To qualify for the FHBAS

  • the contract date must be on or after 1 July 2017 and must be for the whole property
  • you must be an individual, not a company or trust
  • you must be over 18
  • you, and your spouse or partner, must never have owned or co-owned residential property in Australia
  • you, and your spouse or partner, must never have received an exemption or concession under this scheme
  • at least one of the first home buyers must be an Australian citizen or permanent resident.


How to apply:

Call Our Sales Team today and we can get you on your way.
Justin Worthington: 0412 922 550
Katrina Hosie: 0400 360 998

First Home Owner Grant NSW was last modified: 2020-01-14 by Katrina