First home buyer schemes and grants 2026
From October 2025, the First Home Guarantee dropped its income caps and annual place limit. Combined with FHSS and state grants, the schemes can shave $30k–$80k off the cost of buying.
First Home Guarantee (FHG)
Buy with as little as a 5% deposit, no LMI. From October 2025: no income cap, no annual place limit. Property price caps still apply by region (e.g. $1.5M Sydney, $950k Melbourne, $1M Brisbane in 2026).
First Home Super Saver (FHSS)
Make voluntary super contributions, withdraw them (plus deemed earnings) for your deposit. $15,000 per financial year, $50,000 lifetime cap. Concessional contributions are taxed at 15% on the way in instead of your marginal rate.
State grants and concessions
| State | Grant | Cap | Notes |
|---|---|---|---|
| NSW | $10,000 | $600k new build | New homes only |
| VIC | $10,000 | $750k new build | Regional VIC: $20k available periodically |
| QLD | $30,000 | $750k new build | Doubled in 2024, current as of 2026 |
| WA | $10,000 | $750k metro / $1M regional | New build only |
| SA | $15,000 | No cap | New build only, uncapped from June 2024 |
| TAS | $10,000 | n/a | New build only |
| ACT | n/a | n/a | No FHOG. Use Home Buyer Concession instead. |
| NT | $50,000 (HomeGrown Territory) / $10k FreshStart | n/a | Two stacking schemes; check current eligibility. |
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WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Comparison rates are calculated on a secured loan of $150,000 over 25 years for home loans and a loan of $30,000 over 5 years for car and personal loans, unless the lender states another basis. Business loans and equipment finance for a business purpose have no mandatory comparison rate.