Do first home buyers pay stamp duty?

First home buyers may be exempt from or receive a concession on stamp duty, depending on their state and property value. For example, in NSW first home buyers pay no stamp duty on properties up to $800,000 and receive a concession up to $1,000,000. Victoria offers full exemptions up to $600,000 with concessions to $750,000. Each state has different thresholds — use our calculator to check your specific situation.

Can I get the FHOG on an existing home?

No. As of 2026, all Australian states and territories restrict the First Home Owner Grant to new homes only. This includes newly constructed homes, off-the-plan purchases, and substantially renovated properties. Existing (established) homes do not qualify for the FHOG. However, first home buyers purchasing existing homes may still be eligible for stamp duty concessions or exemptions in most states.

What is the First Home Guarantee?

The First Home Guarantee (formerly First Home Loan Deposit Scheme) is a federal government scheme that allows eligible first home buyers to purchase a home with as little as a 5% deposit without paying Lenders Mortgage Insurance (LMI). The government guarantees up to 15% of the property value. There are property price caps by region. This is separate from the state-based FHOG and can be used in combination with it.

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Q: How much is the first home owner grant?

The First Home Owner Grant (FHOG) varies by state. In 2026, Queensland and Tasmania offer the most generous grants at $30,000 for eligible new homes. South Australia offers $15,000, while NSW, Victoria, WA, and NT each offer $10,000. The ACT does not have a traditional FHOG but offers stamp duty concessions instead. All grants are for new builds only and have property value caps that vary by state.

Check your first home buyer grant and stamp duty exemption by state. See FHOG amounts, stamp duty savings, and total benefits for NSW, VIC, QLD, WA, SA, TAS, ACT, and NT.

Last verified: 1 July 2025

How much is the First Home Owner Grant in 2026?

FHOG amounts vary by state and apply to new homes only (including off-the-plan and substantially renovated). Queensland and Tasmania offer $30,000. South Australia offers $15,000. NSW, Victoria, WA, and NT each offer $10,000. The ACT uses stamp duty concessions instead of a traditional FHOG. All states have property value caps. Source: state and territory revenue offices.

Stamp duty exemption thresholds. NSW: up to $800,000 full exemption (concession to $1,000,000). VIC: up to $600,000 (concession to $750,000). QLD: up to $700,000 (concession to $800,000). WA: up to $430,000 (concession to $530,000). You can combine FHOG with stamp duty concessions and the federal First Home Guarantee (5% deposit, no LMI).

General information and estimates only — not financial, tax, or legal advice. Always verify with a licensed adviser or the ATO.

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