Buying your first home is an exciting milestone, however navigating the costs involved can feel overwhelming. Between saving a deposit, understanding borrowing capacity and covering upfront expenses, many first home buyers are surprised by just how much there is to consider.
The good news is there’s plenty of support available to first home buyers across Australia, including government grants, concessions and assistance schemes. You may be eligible for a range of incentives designed to help you get into your first home sooner and reduce some of the upfront costs involved with building your new home.
Here’s a simple guide to the key first home buyer grants, concessions and incentives available across Australia in 2026. It’s a good idea to speak with your mortgage broker or bank to understand which options may be available to you.
For full eligibility criteria and the most up-to-date information, visit the relevant website for each scheme.
Federal
First Home Guarantee (FHBG)
The First Home Guarantee scheme allows eligible Australians to purchase a home with as little as a 5% deposit without paying Lenders Mortgage Insurance (LMI). There are a few different programs available to home buyers through the home guarantee scheme and property price caps vary between states and regions.
Family Home Guarantee
Eligible single parents or single legal guardians of at least one dependent may be able to purchase a home with just a 2% deposit and no LMI through the Family Home Guarantee. Property price caps apply depending on location.
Help to Buy Scheme
The Federal Government’s Help to Buy Scheme provides an equity contribution of up to 40% of the purchase price for new homes and up to 30% for existing homes, reducing the amount buyers need to borrow. Income limits and eligibility criteria apply.
First Home Super Saver (FHSS) Scheme
The First Home Super Saver (FHSS) Scheme allows Australians to boost their home deposit savings through superannuation. First home buyers can make voluntary super contributions and withdraw up to $50,000 to help fund a home deposit, potentially benefiting from concessional tax treatment. Eligibility criteria apply.
State
Western Australia
In addition to the available Federal schemes, Western Australian first home buyers may also be eligible for:
- A $10,000 First Home Owner Grant for eligible new homes
- Stamp duty concessions or exemptions on eligible purchases
- Additional stamp duty concessions for eligible off-the-plan properties
Find out more about the support available to first home buyers in Western Australia here.
Victoria
In addition to the available Federal schemes, Victorian first home buyers may also be eligible for:
- A $10,000 First Home Owner Grant on eligible new homes
- Stamp duty concessions and exemptions on eligible properties
- Additional stamp duty concessions for eligible off-the-plan properties
Find out more about the support available to first home buyers in Victoria here.
Queensland
In addition to the available Federal schemes, Queensland first home buyers may also be eligible for:
- A $30,000 First Home Owner Grant on eligible new homes
- No stamp duty on eligible new builds
Find out more about the support available to first home buyers in Queensland here.
South Australia
In addition to the available Federal schemes, South Australian first home buyers may also be eligible for:
- A First Home Owner Grant of up to $15,000 on eligible properties
- The HomeStart Shared Equity Option, where the government contributes up to 25% equity toward a property purchase, reducing the loan size and borrowing requirements
Find out more about the First Home Owner Grant here and the HomeStart Shared Equity Scheme here.
New South Wales
In addition to the available Federal schemes, New South Wales first home buyers may also be eligible for:
- A $10,000 First Home Owner Grant on eligible new homes and house and land packages.
- Stamp duty concessions and exemptions on eligible purchases
- Deferral of stamp duty payments on eligible off-the-plan properties
Find out more about the support available to first home buyers in New South Wales here.
Ready to buy your first home?
With a range of grants, concessions and support schemes available across Australia, getting into your first home may be more achievable than you think.
Whether you’re starting to save, exploring your finance options or ready to purchase, understanding the incentives available to you could help get you into your new home sooner.
To help you navigate the home buying process with confidence, we’ve created the Home Buyer Toolkit. It includes everything you need to support your journey to home ownership.
From downloadable factsheets and practical checklists to exclusive expert videos and detailed guidance, the toolkit is packed with helpful resources designed to support you through every step of buying your first home.
Download Peet’s Home Buyer Toolkit
From downloadable factsheets and checklists, and exclusive expert videos, to detailed information to help you navigate each step of buying a new home – we’ve got you covered.
