Australia First Home Buyer Calculator

This Australia first home buyer calculator brings the three big first-home benefits together for New South Wales, Victoria and Queensland: the First Home Owner Grant (FHOG) for new homes, the state stamp duty (transfer duty) exemption or concession, and whether the property fits the Australian Government 5% Deposit Scheme (formerly the First Home Guarantee). Choose your state, enter the price, whether the home is newly built or established, the location and your deposit.

Rules used (2026-27): NSW pays a $10,000 grant on new homes up to $600,000 and charges no duty up to $800,000, with a concession to $1 million. Victoria pays $10,000 on new homes up to $750,000, with no duty up to $600,000 and reduced duty to $750,000. Queensland pays $30,000 on new homes under $750,000 (contracts from 20 November 2023); first home buyers pay no duty on a new home from 1 May 2025 at any price, and established homes get a concession that is full to $709,999.99 and phases out by $800,000. The 5% Deposit Scheme has no income cap or place limits and uses state price caps for capital cities and regional centres versus the rest of the state. For the NSW and VIC concessions the duty is phased in on a straight line between the two thresholds, which approximates each revenue office’s own formula.

It assumes you are buying an existing dwelling or a completed new home (not land plus a building contract, where grant caps and duty work differently), that you meet the residency, age and owner-occupier conditions, and that you will live in the home. Always confirm eligibility with your state revenue office and a participating lender.

Owner-occupier duty uses each state’s sliding scale: a base amount for the bracket plus a rate per $100 above the bracket threshold (NSW general rates, Victoria’s principal place of residence rate up to $550,000 then general rates, and Queensland’s home concession rate charged per $100 or part of $100). First home duty is zero below the exemption threshold. Between thresholds, NSW ($800,000–$1 million) and Victoria ($600,000–$750,000) duty is scaled in on a straight line; Queensland established homes deduct a concession of $17,350 below $710,000, falling by $1,735 per $10,000 band to nil at $800,000.

The grant is paid only for new homes at or under the state cap. The 5% Deposit Scheme check compares the price with the cap for your area and your deposit with 5% of the price. Buyers who qualify can borrow with a 5% deposit (2% for single parents) without paying lenders mortgage insurance, provided a participating lender approves the loan.