State-by-State: First Home Buyer Grants and Stamp Duty Concessions

First home buyer assistance varies significantly by state and territory, and keeping up with the changes is genuinely difficult. Below is a summary of the current position as at March 2025, always confirm with your conveyancer as thresholds and eligibility criteria change regularly.

Victoria: The First Home Owner Grant (FHOG) provides $10,000 for new homes valued up to $750,000. First home buyers purchasing a new property valued up to $600,000 also qualify for full stamp duty exemption, with a concession available up to $750,000. Combined, the saving can reach $30,000+.

NSW: The First Home Buyers Assistance Scheme exempts stamp duty on new and existing homes up to $800,000, with concessions to $1,000,000. The First Home Owner Grant ($10,000) applies to new builds only, capped at $600,000.

Queensland: The FHOG provides $30,000 for new builds, one of the most generous in the country. Stamp duty concessions apply up to $700,000.

For H&L package buyers specifically, the new build eligibility of most grants is a significant advantage. The total value of combined state assistance for an eligible Victorian buyer purchasing a $550,000 H&L package exceeds $30,000, roughly equivalent to a 5 to 6% deposit boost.