First Home Guarantee (Formerly First Home Loan Deposit Scheme) - 5% min deposit. Purchase price capped at $600,000 (Capital City/Regional Centre) and $450,000 (Rest of State).
First Home Super Saver Scheme - Salary sacrifice up to $15,000 per financial year up to a total of $50,000 across all years.
First Home Owners Grant - $10,000 (no income or assets test)
First Home Owner Rate of Duty -
Transactions entered into before 9 May 2024:
- The unencumbered value of the home and land together must not exceed $530,000.
- No duty is payable if the dutiable value does not exceed $430,000.
- If the dutiable value is between $430,000 and $530,000, duty is payable at a rate of $19.19 for every $100, or part of $100, by which it exceeds $430,000.
Transactions entered into on or after 9 May 2024:
- The unencumbered value of the home and land together must not exceed $600,000.
- No duty is payable if the dutiable value does not exceed $450,000.
- If the dutiable value is between $450,000 and $600,000, duty is payable at a rate of $15.01 for every $100, or part of $100, by which it exceeds $450,000.
First Home Owners Grant - Additional Information
- Available to first home buyers who buy or build a new residential property (or substantially renovated home)
- Must be for use as your principal place of residence
