Are you an aspiring property owner struggling to figure out how to afford your first home in Australia? With average mortgage rates more expensive than ever before across the majority of states, it’s little wonder. But there’s plenty of assistance for first home buyers in Australia thanks to government schemes.

To help you out, here is a summary of first home buyer concessions and grants available in each of the Australian states (as of 17/7/17).

unnamedHome loans in Australia won’t seem so expensive when you have government grants and concessions to give you a boost. 

Australian Capital Territory

  • First Home Owner Grant: $7,000 available for first home buyers of property valued under $750,000.
  • Duty deferment: If you’re eligible for the First Home Owners Grant, you can also defer your duty payment for up to five years after signing your contract.

New South Wales

Northern Territory


From first home owner grants to stamp duty concessions, there's a lot of help out there for first home buyers. From first home owner grants to stamp duty concessions, there’s a lot of help out there for first home buyers.

South Australia


  • First Home Owner Grant: $10,000 available for eligible first home buyers and builders, $20,000 is available if you meet an additional list of requirements.


  • First Home Owner Grant: $10,000 available for buyers of property valued up to $750,000, $20,000 is available if the home purchased is in regional Victoria.
  • Stamp duty concessions: Stamp duty has been abolished for first home buyers of homes valued up to $600,000, concessions apply to homes valued between $600,000 and $750,000.
  • Off-the-plan concessions: Stamp duty reductions for first home buyers purchasing property off-the-plan.

Western Australia

  • First Home Owner Grant: Eligible first home buyers or builders of new homes will receive $10,000. If you signed your contract between 1 January and 30 June 2017, you could be eligible for an additional $5,000 ‘boost’.

Note: Certain restrictions apply to these schemes, and it’s important to check eligibility requirements before factoring any concessions into your budget planning.

There’s plenty of assistance available out there if you need it. Owning your own Australian home is not impossible if you take advantage of government schemes such as these and land yourself a competitive home loan. Contact your local Smartline adviser today!


Share on:

DISCLAIMER: The information contained in this article is correct at the time of publishing and is subject to change. It is intended to be of a general nature only. It has been prepared without taking into account any person’s objectives, financial situation or needs. Before acting on this information, Smartline recommends that you consider whether it is appropriate for your circumstances. Smartline recommends that you seek independent legal, financial, and taxation advice before acting on any information in this article.