First home buyer grants: are you eligible?

First home buyer grants: are you eligible?

One of the best things about being a first home buyer is that you may be eligible for a first homeowner grant. These first home owners grants can be a massive help when looking to get into the market. 

Each state has different rules in place which determine your eligibility based on the following criteria:

Are you a single person?

To claim the grant you must be 18 years of age or older and you must purchase the property in your own name, rather than a company or trust.

Are you a couple?

If you are buying as a couple and using your combined income to get the loan then you will only be eligible for one grant. If you are in a relationship it may be worth trying to purchase your first property in your own name to gain the full benefits of the first home owners grant.

Are you an Aussie or a Kiwi?

You must be either an Australian or New Zealand citizen, a permanent resident, or if you are buying with someone else, one of you must be a citizen or permanent resident.

The first time…

You only qualify to get the first home owners grant if you are buying your first property. If you or your partner have owned or part-owned a property before, your eligibility may be effected.

Buying a property with the assistance of a family member in most instances will be okay. You can run into problems if they are listed on the title.

Can you build a new home or does the house already have to be built?

In some states and territories, you can get a first home buyers grant for an established home, but in most jurisdictions, grants are now only available when you buy or build a new property.

In most jurisdictions, you will need to have a signed contract with a builder to be eligible for a grant for a new home.

Do you have to live in this property or can it be an investment?

To be eligible for the first home owners grant you need to live in your principal place of residence for 6 of the first 12 months. You won’t be eligible for the grant if you rent the property out to someone else and may have to repay the grant if found guilty of renting out the property.

 Will it matter if I bend the truth a little?

Hundreds of applicants have faced penalties, thousands of applications rejected and at least one person has been jailed for making false claims about a first home buyers grant.

If you want to find out if you are eligible, start here and follow the prompts

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The information provided in this article is of a general nature only and in no way constitutes legal or professional advice, or specific advice in relation to any finance. In all cases we recommend you receive professional financial advice for your own personal circumstances. 

Ben Everingham


Ben founded Pumped On Property after building a multi-million dollar property portfolio over a 5 year period. His mission is to show you how to replace your income through property investing so you can do what you love…full time.