FIRST HOME OWNER STAMP DUTY CONCESSIONS

You can claim a first home concession for transfer duty when acquiring your first residence if you meet certain requirements.

 

The first home concession only applies to a home valued under $550,000 and can save you up to $15,925. The home concession may still apply for a home valued over $550,000.

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FIRST HOME DEPOSIT SCHEME

The First Home Guarantee (FHBG) is part of the Home Guarantee Scheme, an Australian Government initiative to support eligible first home buyers purchase a home sooner. 

 

It is administered by the National Housing Finance and Investment Corporation (NHFIC) on behalf of the Australian Government.

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FIRST HOME OWNERS GRANT

The Queensland First Home Owners’ Grant is a state government initiative to help first home owners to get their new first home sooner.

 

If your contract is dated 1 July 2018 or later, you can get the Queensland grant of $15,000 towards buying or building your new house, unit or townhouse (valued at less than $750,000). The grant is paid per new home; not to each of the applicants for the same home.

 

The grant amount has varied since it was first introduced in 2000. Contracts dated earlier than 1 July 2018 may still be eligible for a grant.

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