First Home Buyer Calculator Australia — Know Your Benefits by State
Calculate your first home buyer benefits including grants stamp duty exemptions and deposit requirements across all Australian states and territories.
Australia offers generous support for first home buyers varying by state and territory. Benefits include the First Home Owner Grant ($10000-$30000 depending on state) stamp duty exemptions and concessions and the First Home Super Saver Scheme allowing you to use superannuation for a deposit. Combined these benefits can save first home buyers $30000-$80000 depending on location and property value. Understanding what you qualify for is the first step to homeownership.
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Key Information
| Parameter | Details |
|---|---|
| First Home Owner Grant | Varies by state ($10000 - $30000) |
| Stamp Duty Exemption | Up to $800,000 (NSW) varies by state |
| First Home Super Saver | Withdraw up to $50000 from super for deposit |
| Minimum Deposit | 5% (with Lenders Mortgage Insurance) |
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Use Calculator NowFrequently Asked Questions
How much deposit do I need as a first home buyer?
The minimum deposit is 5% with Lenders Mortgage Insurance (LMI) or 20% to avoid LMI. On a $600000 property: 5% = $30000 (plus LMI of $15000-$20000) versus 20% = $120000 (no LMI). The First Home Guarantee allows eligible buyers to purchase with just 5% deposit and no LMI with the government guaranteeing up to 15% of the loan.
What is the First Home Super Saver Scheme?
The FHSS Scheme lets you make voluntary contributions to your superannuation fund and later withdraw them (plus earnings) for a first home deposit. You can withdraw up to $50000 of voluntary contributions. Since super contributions are taxed at only 15% (versus your marginal rate of 30-45%) you effectively save more. Apply to the ATO for determination before requesting withdrawal.
Which state has the best first home buyer benefits?
Queensland and Western Australia currently offer the most generous combined benefits: FHOG of $30000 (QLD new homes) or $10000 (WA) plus stamp duty concessions. NSW offers no grant for existing homes but generous stamp duty exemption up to $800000. Victoria offers $10000 grant for new homes in regional areas. Compare total savings across states rather than just the grant amount.
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Last updated: 24 March 2026