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Understanding home buyer grants and schemes

What’s available and what do they really mean for you?

If you’re finding it difficult to keep up with the various grants and schemes in place for home buyers and builders, you’re not alone. With a number of state specific grants and schemes in place already in place and the introduction of the new HomeBuilder scheme by the Federal Government, there’s a lot to navigate.

In this article we’re shining a light on the various opportunities for financial assistance and how they can help you get closer to your dream home.

First Home Owner Grant (FHOG)

The FHOG scheme was introduced in 2000 to help offset the effect of GST on home ownership. It is a national scheme funded by the states and territories that allows for a one-off grant, payable to first home owners who satisfy the eligibility criteria. Visit to view eligibility criteria and other terms and conditions for your state or territory.

First Home Super Saver Scheme (FHSSS)

The FHSSS was introduced by the Australian Government 2017 to reduce pressure on housing affordability by allowing you to save money for your first home inside your super fund. Under the FHSSS, first home buyers, who make voluntary super contributions of up to $15,000 per financial year into their super, can withdraw these amounts (in addition to associated earnings / less tax) from their super fund to help with a deposit on their first home. For eligiblity criteria and more information, visit

First Home Loan Deposit Scheme (FHLDS)

Under the FHLDS scheme, a portion of your home loan will be guaranteed by the National Housing Finance and Investment Corporation. This means that first home buyers may be able to purchase a home with a deposit of as little as 5%. A number of eligibility criteria apply, as well as a purchase price threshold determined by suburb. For more information, visit


HomeBuilder was introduced by the Federal Government earlier this year to help the residential construction market recover from the impacts of COVID-19. Eligible owner-occupiers will receive a grant of $25,000 to build a new home or renovate an existing home. HomeBuilder can be used in conjunction with other schemes like the FHOG. For more information, visit

State-specific concessions

There are a number of additional grants and concessions available on a state by state basis. You may also be eligible for concessions on extra costs like Stamp Duty and Transfer Fees. To view all assistance options in your state or territory, visit

Building Bonus (WA)

In response to COVID-19 the WA state government have introduced two new grants available to home buyers and builders. A grant of $20,000 is available for eligible applicants who enter into a contract to build a new home on vacant land, or enter into an off-the-plan contract as part of a single-tier development before 31 December 2020. These grants separate to the federal government’s FHOG and HomeBuilder schemes, meaning an applicant may be able to receive a combination of these grants. for more information, visit


On top of these grants and schemes, friends of Prosperity members could also get a 2% purchase reward.

For a limited time, Frasers Property purchasers can gift their friends a 2% purchase reward* with our Gift 2 Get 2 promotion. Terms and conditions apply. Click here to view.
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