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State First Homeowner Schemes Explained

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Access this list for state level first home buyer schemes

In addition to some fantastic federal government incentives, applying for grants at the state level can significantly boost the much-needed financial respite you may require as a first home buyer. Here’s a quick state-wise list of what’s available. But before delving into the list take a look at the eligibility criteria common to most state level grants.

Eligibility Criteria

  • Need to be a Permanent resident or Australian Citizen.
  • Should be over 18 years of age.
  • Should not have owned property in Australia before.
  • You must be a first-time applicant for the scheme.
  • You should live in the purchased property (in case of property) for a period of at least six months within the first 12 months of purchase.


Most state level incentives are of two types:

  • Grants for First homeowners and
  • Stamp Duty Concessions


  1. $10,000 grant for new properties worth less than or equal to $750,000.
  2. Zero stamp duty for properties valued less than or equal to $650,000
  3. 50% stamp duty exemption for properties with a value of less than or equal to $750,000.

New South Wales

  • $10,000 grant for
    • New properties worth less than or less than or equal to $600,000
    • Owner-builder/building contracts with a value that is equal to or less than  $700,000.
    • New construction on land where the land and construction cost amount to less than or equal to $750,000
  • No stamp duty for
    • For first home buyers for new properties costing less than $800,000
    • Properties costing up to $650,000
    • Land costing valued at $350,000 or less
  • Reduced stamp duty for
    • Property valued at $450,000 or less
    • And land costing up to $800,000


  • $15,000 grant for new properties valued at less than or equal to $750,000.
  • Zero stamp duty for properties valued at $500,00 or less


Take the first step

South Australia

  • $15,000 grant for new properties costing up to $575,000.

Western Australia

  • $10,000 grant for any first home buyer
  • No stamp duty for properties costing up to $430,000
  • Reduced stamp duty for properties costing up to $530,00


  • No stamp duty for certain low-income households that haven't owned property in the past two years


  • $10,000 grant for any first home buyer
  • 50% stamp duty exemption for properties costing up to $400,000

Northern Territory

  • $10,000 grant for first home buyers
  • Stamp duty reduction of up to $18,601 for homeowners who haven't owned property for the past two years

Some Common Misconceptions

While the eligibility criteria are fairly clear, it’s worth looking at a few common queries first home buyers have

  • If you are purchasing your property with a partner both you and your partner can’t apply for a grant twice. One grant is applicable for one property purchase
  • The grant amount can be used for a first home purchase only. It can’t be used in case of an inherited property (for e.g. buying out/ buying back someone’s share from an inherited property isn’t allowed)

Reach out to us to understand what scheme works best for you as per your region and circumstances.

The information is a compilation from various sources for your benefit and should not be relied upon in lieu of appropriate professional advice.


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