Australia-wide (Federal)
As of 1 October 2025 the Australian Government 5% Deposit Scheme replaces the previous Home Guarantee streams.
It offers unlimited places, no income caps, higher property price caps and no LMI for eligible first-home buyers with 5% deposits; single parents/guardians can buy with 2%.
New South Wales (NSW)
First Home Owners Grant: $10,000 for new homes (price limits/criteria apply).
Stamp duty: First Home Buyer Assistance Scheme — full exemption up to $800,000 and concessional duty up to $1,000,000 (owner-occupied, eligibility applies).
Victoria (VIC)
First Home Owners Grant: $10,000 for new homes (generally up to $750,000).
Stamp duty: First-home buyer exemption to $600,000; concession from $600,001–$750,000.
Queensland (QLD)
First Home Owners Grant: Government confirms $15,000 or $30,000 (eligibility/dates determine the amount).
Stamp duty: From 1 May 2025, first-home buyers of new homes or vacant land to build can get a full transfer-duty concession (no price cap; residential land only). Established homes still have the raised 2024 thresholds: nil duty to $700,000, concession to $800,000.
South Australia (SA)
First Home Owners Grant: Up to $15,000 for new residential property; value cap removed for contracts signed on/after 6 June 2024.
Stamp duty: Full relief for eligible first-home buyers purchasing a new home, off-the-plan apartment, or vacant land to build (no property value cap under current rules).
Western Australia (WA)
First Home Owners Grant: $10,000 for new homes (including certain off-the-plan/relocated new builds).
Stamp duty: First Home Owner Rate (FHOR) — full duty exemption up to $430,000 on a home; concession phases out to $530,000. (Vacant land: thresholds $300k–$400k.)
Tasmania (TAS)
First Home Owners Grant: SRO guidance currently shows $10,000 for eligible new homes for transactions from 1 July 2024; legislation was introduced in Sept 2025 to increase the FHOG to $30,000 (targeting transactions around mid-2025 to mid-2026). Check status as it progresses through Parliament.
Stamp duty: Full exemption on established homes up to $750,000 (contracts by 30 June 2026, eligibility applies).
Australian Capital Territory (ACT)
First Home Owners Grant: Closed in ACT (ended 1 July 2019).
Stamp duty: Home Buyer Concession Scheme — eligible buyers (low-to-moderate incomes) can get a full duty concession (a nominal $20) on an eligible home valued at up to $1,020,000, with a partial duty concession on homes valued at up to $1,455,000 under current settings. Income and other eligibility criteria applies.
Northern Territory (NT)
Grants (HomeGrown Territory program):
$50,000 for first-home buyers building or buying a new home (1 Oct 2024–30 Sept 2026).
$10,000 for first-home buyers of established homes (through 30 Sept 2025).
Government confirms the extension to 30 Sept 2026 for the main grants.
Stamp duty: targeted exemptions exist for eligible house-and-land packages.
Quick tips before you apply
Always check the fine print: each scheme has rules on residency/occupancy, timing, new vs established, price caps, and income (where relevant). Schemes can change (and some are time-limited).
At Zenith Finance, we understand that buying a home is more than just numbers on a page. It’s about building your future.
We aim to make every step of the journey simple, transparent, and supportive. Whether you’re ready to apply today or still getting your finances in order, our team will walk you through your options, answer every question, and help you plan ahead with confidence.
From pre-approval guidance to application support, we’re here to make the process feel easy and empowering — no pressure, just friendly expertise.
Wherever you are on your homeownership journey, Zenith Finance is ready to help you take the next step toward your new home. Contact us for more information.