First home buyer

First Home BuyerThere's a lot to know when buying your first home. Apart from having to struggle through the home loan maze you also need to know how the whole purchase process works.

We have tried to demystify things for you by creating a 10 Step Guide which explains the buying process.

First Home Owners Grant Scheme
All States and Territories in Australia currently offer the First Home Owners Grant Scheme (FHOGS) to qualifying first home buyers to assist them with the purchase of eligible properties.

The amount of these grants and how they operate varies from state to state, and tend to change from time to time. 

All states, except the Northern Territory offer varying Transfer Stamp Duty Concessions to first home buyers.

 The general eligibility criteria is:

  • Each applicant is a natural person and not a company or a trust.
  • At least one applicant is a permanent resident or Australian citizen.
  • Each applicant must be at least 18 years of age.
  • All applicants and/or their spouse/de facto have not owned a residential property jointly, separately or with some other person in any State or Territory of Australia before 1 July 2000.
  • All applicants and/or their spouse/de facto have not owned on or after 1 July 2000 a residential property and occupied that property jointly, separately or with some other person in any State or Territory of Australia.
  • Each applicant has entered into a contract for the purchase of a home or signed a contract to build a home on or after 1 July 2000. In the case of an owner-builder, laying of the foundations commenced on or after 1 July 2000.
  • This is the first time an applicant and/or their spouse/de facto will receive a grant under the First Home Owner Grant Act 2000 in any State or Territory.
  • At least one applicant will occupy the home as their principle place of residence for a continuous period of six months, commencing within 12 months of settlement or construction of the home.

In addition first home buyers enjoy additional benefits which differ from state to state. 

Example: NSW March 2014
FHOGS Amount $15,000 (Reducing to $10,000 on 1st January 2016)

Acceptable Property within NSW:
Brand New Home, House and Land Package, or Vacant Land (with intention to build), where the purchase price or cost does not exceed $750,000, (effective 1st July 2014)


  • Applicants cannot have previously received a FHOG under this scheme
  • Applicants cannot have owned a residential property anywhere in Australia before 1 July 2000
  • Applicant must move into the property within one year of the completed transaction
  • Applicant must live there for at least 6 months continuously in order to keep the grant.

NSW Stamp Duty Concessions

  • Full exemption of transfer stamp duty for new properties to a value of $550,000:
  • Partial stamp duty exemptions for new properties between $550,000 and $650,000.
  • Full exemption of the transfer duty on vacant land to a value of $350,000;
  • Partial stamp duty exemption for vacant land valued between $350,000 and $450,000.



Apply for the exemption or concession through Austral Mortgage or directly through the Office of State Revenue of the NSW Government, by completing an First Home - New Home Exemption or Concession from Duty form (ODA 066) (PDF).

Applications must be accompanied by all supporting documentation. You must have already exchanged contracts to purchase the new home.


You can find out more by visiting the websites of the Office of State Revenue (or equivalent) in each state or territory. Links are provided below.

     NSW -
     QLD - 
     WA - 
     NT - 
     VIC - 
     SA -

Click here to complete a quick enquiry form and one of our consultants will contact you at your preferred time to discuss your requirements.

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