Can I get a First Home Owner Grant from the government?
If you’re a first home buyer, the answer is probably yes.
The amount and eligibility criteria for the First Home Owner Grant varies, but here is a summary of what each state currently offers;
- NSW – a $10,000 grant available for new properties valued up to $600,000 or $750,000 when building a home.
- Victoria – a $10,000 grant for buying or building a new home valued up to $750,000.
- Queensland – a $15,000 grant to buy or build a new home valued up to $750,000.
- ACT - a $7,000 grant. For 2023-24, the maximum concession amount is $34,504.
- WA – a $10,000 grant for buying or building a new home valued up to $750,000 (south of the 26th parallel) or $1 million (north of the 26th parallel).
- SA – a $15,000 grant for buying or building a new home valued up to $650,000 (where the contract was entered into on or after 15 June 2023) or $575,000 (where the contract was entered into on or before 14 June 2023).
- Tasmania – up to $30,000 grant for buying or building a new home.
- NT - a $10,000 grant for buying or building a new home of any value.
To see the eligibility criteria for your state or territory, visit the government website.