First Home Buyers

First Home Owner Grant (FHOG)

The First Home Owner Grant (FHOG) is a national initiative funded by the states and territories, each with its own rules, eligibility criteria, and application process. Below you’ll find the official government websites for every state and territory in Australia. Use these links to check your eligibility and apply directly.

• New South Wales (NSW) – Service NSW: First Home Owner (New Home) Grant

• Victoria (VIC) – State Revenue Office Victoria: First Home Owner Grant

• Queensland (QLD) – Queensland Revenue Office: First Home Owner Grant

• Western Australia (WA) – WA Department of Treasury and Finance: First Home Owner Grant (FHOG)

• South Australia (SA) – RevenueSA: First Home Owner Grant

• Tasmania (TAS) – State Revenue Office Tasmania: First Home Owner Grant

• Northern Territory (NT) – NT Government: First Home Owner Grant

• Australian Capital Territory (ACT) – ACT Revenue Office: First Home Owner Grant (and current concessions)

Home Guarantee Schemes

This is a federal government initiative administered by Housing Australia to help eligible home buyers (mostly first home buyers and single parents) get into a home sooner. It operates via guarantees to participating lenders so that you don’t need to pay Lenders Mortgage Insurance. Property price caps for FY2026 are:

https://www.housingaustralia.gov.au/support-buy-home/eligibility-tool

Stamp Duty (Transfer Duty) Concessions for First Home Buyers

Each Australian state and territory offers different concessions or exemptions on stamp duty (also called transfer duty) for eligible first home buyers. Below are the official government links for up-to-date details in each jurisdiction:

• New South Wales (NSW)
  First Home Buyers Assistance Scheme – full or partial duty exemption depending on property value.
  Revenue NSW – First Home Buyers Assistance Scheme

• Victoria (VIC)
  Exemptions for properties valued at $600,000 or less, and concessions up to $750,000.
  State Revenue Office Victoria – First Home Buyer Duty Exemption or Concession

• Queensland (QLD)
  First home concession applies to homes valued under $550,000 (concessions available up to $800,000).
  Queensland Government – First Home Concession

• Western Australia (WA)
  First Home Owner Rate of Duty – exemption or reduced duty depending on property value.
  WA Government – Duties Fact Sheet: First Home Owner Rate

• South Australia (SA)
  Full exemption from stamp duty for eligible first home buyers purchasing new homes or vacant land.
  RevenueSA – First Home Owner Grant & Stamp Duty Relief

• Tasmania (TAS)
  Duty concession for first home buyers of established homes valued $750,000 or less (to 30 June 2026).
  State Revenue Office Tasmania – First Home Buyers Duty Concession

• Northern Territory (NT)
  Stamp duty concessions and exemptions available for first home buyers, including house-and-land packages.
  NT Government – Home Owner Assistance & Stamp Duty

• Australian Capital Territory (ACT)
  Home Buyer Concession Scheme – full or reduced duty based on income and property thresholds.
  ACT Revenue Office – Home Buyer Concession Scheme

Each scheme has different eligibility requirements (property value caps, income tests, or new vs. established home criteria). Always confirm details directly via the official state or territory revenue office before applying.

Looking for a New Property?

Pegasus Wealth has the connections to help you

If you’re searching for a brand-new property, we work closely with trusted partners to help you find the right fit. For house and land packages, our partnered real estate agents do not charge fees. For existing properties, we’ll need to present your case with a pre-approval before proceeding. Once you have your pre-approval, property research will also be made available to you.

Building a Deposit

Apart from family guarantees and gifted funds, it is highly likely that you may need to show 5% genuine savings. This can be done with:

Saving Consistently: Use high-interest savings account linked to your everyday banking.

First Home Super Saver Scheme (FHSSS): Contribute pre-tax money into super, then withdraw it later for a deposit — often provides tax savings.

Rental Ledger: If you are renting through a property manager under a real estate agency, 6 months of your rental ledger maybe counted as part of your savings.

Want to know more? contact us now