First Home Buyer Calculator

The First Home Owner Grant (FHOG) is a one-off state-government payment for eligible first home buyers purchasing or building a new home. Amounts vary: QLD currently offers $30,000, NSW/VIC/WA/NT $10,000, SA $15,000, TAS $10,000. Established homes generally don't qualify.

The federal First Home Guarantee lets eligible buyers purchase with as little as a 5% deposit without paying Lenders Mortgage Insurance (LMI). The government guarantees the difference (up to 15% of the value). Income caps: $125K singles, $200K couples. Property price caps vary by city.

Yes — they are separate programs. You can claim the state First Home Owner Grant (if buying new) AND the state stamp duty concession AND access the federal FHB Guarantee, all in the same purchase, if you meet each program's eligibility.

No. To get the concession, you must intend to live in the property as your principal place of residence, typically for at least 6-12 months (varies by state).

In most states, ALL applicants must be first home buyers. If your partner has previously owned property, you generally can't access the FHB stamp duty concession or grant.

Without the FHB Guarantee: typically 20% to avoid LMI. With the FHB Guarantee: as little as 5%. With state shared equity schemes (like VIC Homebuyer Fund): as little as 2-5%. Plus you need stamp duty (if not exempt) and conveyancing costs.