What is First Home Owners Grant (FHOG)?

The First Home Owner Grant (FHOG) was introduced in 2000 to partly offset the effect of the Goods and Services Tax (GST) on buying or building a home. It’s a one-off payment for eligible first home buyers who buy or build a residential property in which they live. 

How does it work?

The FHOG is a national scheme funded and administered by each of the states and territories under their own legislation. It’s not means tested, which means your eligibility isn’t subject to financial considerations such as your income.

The grant amount, eligibility criteria and payment details of FHOG vary between states and territories, so it’s important to check with your Home Lending Specialist when you apply for a home loan

You may be eligible for the FHOG if, as well as being a first home buyer, you also:

  • Are a permanent resident or citizen of Australia
  • Have never before received the grant or owned residential property
  • Are the minimum age set by your state or territory’s scheme (usually 18)
  • Are buying a new or established home as an individual (not as a company or trust)
  • Will live in the residence for the minimum time determined by your state or territory (the grant is not available for investment properties)
  • Apply for the grant within 12 months of settlement

The grant is usually paid to your home lender at the time of settlement and applied directly to your home loan. If you’re building a home, the grant will be approved when your first loan repayment is due.

Some state and territories have additional grants or discounts for first home buyers who buy or build a home, especially in regional areas. 

Save with our low Extra Home Loan rate

2.29 % PA
Variable interest rate (with discount margin offer)
2.30 % PA
Comparison rate*

Get a discount for the life of your loan

For new borrowings with a Loan to Value ratio of 70% or less. The rates shown are for Principal and Interest repayments (Owner Occupied) with current discount margin offer. Product discount margin on Extra Home Loans may vary from time to time and is determined by CommBank based on campaign offers at time of loan contract. Minimum new borrowings of $10,000. Comparison rate warning

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Other assistance

First Home Loan Deposit Scheme

We're proud to be working alongside the Australian government to help more first home buyers realise their property ownership goals sooner. 

Discover the Scheme

The First home super saver scheme

The First home super saver scheme allows you to save money for your first home using your superannuation fund. This scheme, run by the Australian Taxation Office (ATO), helps first home buyers save faster by allowing them to withdraw voluntary super contributions they’ve made to their super.

For more information, visit the ATO website.

Stamp duty concessions

Stamp duty is a tax levied by state or territory governments on certain purchases, including buying a home, land, or investment property. Depending on your state or territory, you may be eligible for concessions as a first home buyer – check with your local revenue office.

Things you should know

As at 15 October 2021 Extra Home Loan reference rate for Owner Occupied home loans is 3.78% p.a. and the current Extra Home Loan reference rate for Investment home loans is 4.13% p.a. 

1 Package requires at least $150,000 in package lending balance, and an annual fee of $395 applies. Package lending balance is the sum of the account balance of eligible home lending accounts and the credit limit of Viridian Line of Credit accounts that you have with us at the time you apply for Wealth Package. Eligible home loans are limited to those accounts that can be included in the Wealth Package.

* Comparison rate calculated on a $150,000 secured loan over a 25-year term. WARNING: 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. 

As this advice has been prepared without considering your objectives, financial situation or needs, you should consider its appropriateness to your circumstances before acting on the advice. You should also read our Financial Services Guide.