First Home Buyers Grant in Australia: Everything You Need to Know

Buying your first home is one of life’s most exciting milestones—but it can also feel financially overwhelming. Thankfully, government incentives like the First Home Buyers Grant (FHBG) can help ease the cost and make homeownership more achievable.

In this blog, we’ll break down what the grant is, who is eligible, and how you can make the most of it—with the expert support of Efficient Capital.

What Is the First Home Buyers Grant?

The First Home Buyers Grant (FHBG) is a government initiative designed to support first-time homeowners in Australia. It offers a one-off, tax-free payment to eligible buyers who are purchasing or building a new residential property.

The amount and rules can vary depending on the state or territory where you're buying, so it's important to understand your local guidelines.

Who Is Eligible?

While each state has its own criteria, here are the general requirements for most regions:

• You must be a first-time buyer—you (and your partner) must not have previously owned residential property in Australia.

• You must be an Australian citizen or permanent resident.

• The property must be newly built or significantly renovated.

• You must live in the home for at least 6 continuous months within the first 12 months of settlement.

• Property price limits apply, usually between $600,000 to $750,000, depending on the location.

💡 Tip: The FHBG does not apply to existing homes in most states. However, some states may offer stamp duty concessions or additional grants for existing dwellings.

Grant Amounts by State (As of 2025)

Note: These figures are subject to change. Always check with your state government or financial broker.

How to Apply for the Grant

You can apply in two ways:

1. Through your lender or mortgage broker – This is the easiest and fastest option, especially if you're working with an experienced team like Efficient Capital.

2. Directly through your state’s revenue office – You'll need to fill out forms and provide supporting documents.

Additional Support for First Home Buyers

Aside from the FHBG, you may also be eligible for:

• Stamp duty exemptions or concessions

• First Home Super Saver Scheme (FHSSS)

• Home Guarantee Scheme (low deposit options)

• State-based rebates or discounts

Efficient Capital can help you navigate these options, ensuring you maximise your benefits and secure the best home loan deal.

Final Thoughts

The First Home Buyers Grant can be a significant financial boost on your journey to homeownership. However, understanding the eligibility criteria, paperwork, and opportunities available can be complex.

That’s where we come in.

At Efficient Capital, we specialise in helping first-home buyers across Australia find the right loan products, apply for grants, and take confident steps toward owning their dream home.

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Ready to Buy Your First Home?

Contact Efficient Capital today for a free consultation.
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