Government Grants
The Australian government offers several grants and schemes to assist first-time homebuyers and other eligable individuals in purchasing a home
First Home Owner Grant (FHOG)
A one-time grant available to first-time homebuyers who purchase or build a new home. The amount varies by state and territory.
​
Eligibility
- Must be a first-time homebuyer
- The home must be new or significantly renovated
- Applicants must occupy the home as their principal place of residence for a continuous period, usually 6-12 months
​
Grant Amount
Typically between $10,000 and $20,000, depending on the state or territory.
​
For more information, click here
First Home Guarantee (FHBG)
Formerly known as the First Home Loan Deposit Scheme, this allows eligible first-time buyers to purchase a home with as little as a 5% deposit without paying Lenders Mortgage Insurance (LMI).
​
Eligibility
- First-time homebuyers
- Must meet income and property value thresholds.
​
Property Price Caps
Varies by location and type of property​
Limited places are available each financial year.
​
For more information, click here
​
Family Home Guarantee
Helps single parents with at least one dependent child to buy a home with a deposit as low as 2%, without paying LMI
​
Eligibility
- Single parents with at least one dependent
- Must be an Australian citizen
- Must not currently own property
​
​Limited places available annually.
​
For more information, click here