First Home Buyer's Guide: Every Grant and Concession in 2026

Buying your first home in Australia has never been more complex — but the support available has never been greater. Here's a comprehensive guide to every grant, scheme, and concession available to first home buyers in 2026.

Federal Schemes

First Home Guarantee (FHBG)

Purchase with as little as 5% deposit without paying Lenders Mortgage Insurance (LMI). The government guarantees up to 15% of the property value. Available for singles earning up to $125,000 and couples earning up to $200,000 combined.

Regional First Home Buyer Guarantee

Similar to the FHBG but specifically for buyers purchasing in regional areas. Requires only a 5% deposit and provides government-backed LMI savings.

First Home Super Saver Scheme (FHSSS)

Withdraw voluntary super contributions (up to $50,000) to put toward your first home deposit. This can provide significant tax advantages compared to saving outside super.

State-Based Grants

New South Wales

$10,000 First Home Owner Grant for new homes up to $750,000
Stamp duty exemption on properties up to $800,000
Stamp duty concession on properties $800,000–$1,000,000

Victoria

$10,000 First Home Owner Grant for new homes up to $750,000
Stamp duty exemption on properties up to $600,000
Stamp duty concession on properties $600,000–$750,000

Queensland

$30,000 First Home Owner Grant for new homes (one of the most generous in Australia)
Transfer duty concessions on properties up to $700,000

Other States

Each state and territory has its own grant and concession structure. We maintain current details for every jurisdiction and will guide you based on where you're purchasing.

How We Help First Home Buyers

At Sovereign Lending, we've helped hundreds of first home buyers navigate this landscape. Our process includes:

Eligibility assessment across all available schemes
Deposit strategy — how much to save and where to hold it
Pre-approval with the most competitive lender for your situation
Application management from offer acceptance to settlement

Book a free first home buyer consultation to understand exactly what you're entitled to and how much you can borrow.