First Home Owner Grant NSW: Up to $10,000
The NSW First Home Owner Grant (FHOG) provides eligible first home buyers with a $10,000 tax-free cash payment toward the purchase or construction of a new home. No income cap. No repayment required (subject to residency conditions). RyRo Loan Centre confirms your eligibility, manages the application and coordinates the grant payment as part of your home loan process.
For new builds and house and land packages under $750,000, the FHOG can be combined with stamp duty concessions and the 5% Deposit Scheme to significantly reduce your upfront purchase costs.
Last updated: April 2026
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What Is the First Home Owner Grant?
The First Home Owner Grant (FHOG) is a $10,000 one-off payment from the NSW Government to eligible first home buyers who purchase or build a new residential property. It is not means-tested — there is no income cap — but it is subject to a property value cap of $750,000 (for the combined land and build cost on new constructions, or the full contract price on new builds).
The grant applies to new homes only. Established (second-hand) properties are not eligible. The FHOG can be combined with the NSW First Home Buyer Assistance Scheme (stamp duty exemption) and the Home Guarantee Scheme (5% deposit, no LMI) to reduce your upfront costs significantly.
What does the FHOG cover in 2026?
The $10,000 FHOG is paid as a lump sum at settlement (for purchases of newly built homes) or at the first construction drawdown (for build contracts). It can be applied toward your deposit, offset stamp duty costs, or cover other purchase expenses. It is a tax-free grant — you do not pay tax on it and you do not repay it, provided you meet the 12-month residency condition.
- 1New house and land packages: The combined cost of the land purchase and the building contract must not exceed $750,000. The FHOG is paid at the first construction drawdown once the land has settled and construction has commenced.
- 2Construction on vacant land you already own: If you already own vacant land and are building a new home on it, the total value (current land value plus build contract) must not exceed $750,000. The grant is paid at the first progress payment drawdown.
- 3Newly built properties (not previously occupied): Purchasing a brand new home that has never been previously occupied as a place of residence. The purchase price must not exceed $750,000. The grant is paid at settlement.
- 4Off-the-plan purchases: Purchasing an apartment or townhouse off the plan (before construction is complete). Eligibility depends on whether the property has previously been sold or occupied. The FHOG is paid at settlement.
Who Is Eligible for the NSW FHOG in 2026?
All purchasers listed on the contract of sale or building contract must meet the following eligibility criteria:
- 1
Australian citizen or permanent resident
At least one applicant must be an Australian citizen or permanent resident at the time of the grant application. New Zealand citizens holding a Special Category Visa may also be eligible.
- 2
Age 18 or older
All applicants must be 18 years or older. There are no upper age limits.
- 3
Never previously owned residential property in Australia
You must not have owned, either alone or with someone else, any residential property in Australia before 1 July 2000. For property purchased on or after 1 July 2000, none of the applicants can have previously owned or co-owned a residential property anywhere in Australia.
- 4
New home under $750,000
The property must be a new home (never previously occupied as a place of residence or sold as such). The total value — purchase price for turnkey, or combined land and build contract for construction — must not exceed $750,000.
- 5
Principal place of residence for 12 months
You must intend to move in and live in the property as your principal place of residence for a continuous period of at least 12 months, commencing within 12 months of settlement or construction completion.
Important: If any co-purchaser (e.g., a partner or family member) has previously owned residential property in Australia, the grant is not available to any of the applicants. We confirm full eligibility before you sign any contracts.
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How to Apply for the FHOG
The FHOG application is lodged through an approved agent (your lender or conveyancer) as part of your home loan process. Here are the steps:
- 1
Step 1: Confirm eligibility before signing contracts
Before you sign a contract of sale or building contract, speak with us to confirm your FHOG eligibility. Eligibility depends on who is purchasing, what is being purchased, and the total value. Confirming upfront avoids surprises after contracts are signed.
- 2
Step 2: Complete the FHOG application form
Your lender will provide the FHOG application form (SRO Form 1). You complete and sign this as part of your home loan application. You will need to provide certified proof of identity documents and, for construction loans, a copy of your building contract.
- 3
Step 3: Lender lodges the application with Revenue NSW
Your approved lender (acting as agent for Revenue NSW) lodges the FHOG application on your behalf. We coordinate this as part of managing your home loan application — you do not need to contact Revenue NSW directly.
- 4
Step 4: Revenue NSW assesses the application
Revenue NSW reviews your application and supporting documents. Processing times are typically 5–10 business days, though this can vary. We follow up with the lender if there are any delays or information requests.
- 5
Step 5: Grant is paid at settlement or first drawdown
For purchases: the $10,000 FHOG is credited to your settlement. For construction loans: it is paid at the first progress payment drawdown once construction has commenced and land has settled. The funds are typically applied toward your purchase costs or deposited into your offset account.
Property Price Caps and Combining with Other Schemes
The NSW FHOG sits alongside several other first home buyer schemes. Understanding the property price caps for each scheme is important when planning your purchase:
| Scheme | Benefit | Property cap (NSW) |
|---|---|---|
| First Home Owner Grant (FHOG) | $10,000 cash grant | $750,000 (new homes only) |
| First Home Buyer Assistance Scheme (FHBAS) | Full stamp duty exemption | $800,000 (new & established) |
| FHBAS — Concessional rate | Reduced stamp duty | $800,001–$1,000,000 |
| Home Guarantee Scheme (5% deposit) | No LMI with 5% deposit | $1,500,000 (Sydney, from Oct 2025) |
For a first home buyer purchasing a new home or house and land package under $750,000 in NSW, it is possible to simultaneously receive the $10,000 FHOG, a full stamp duty exemption (if the land value or purchase price is under $800,000), and use the 5% Deposit Scheme to purchase with only a 5% deposit and no LMI.
We confirm which combination of schemes applies to your situation and ensure all applications are lodged correctly and on time.
FHOG: What You Need to Know
What does FHOG stand for?
FHOG stands for First Home Owner Grant. In NSW, it is a $10,000 one-off cash payment to eligible first home buyers purchasing or building a new residential property valued under $750,000. It is administered by Revenue NSW and funded by the State Government.
Is the FHOG taxable income?
No. The NSW First Home Owner Grant is a tax-free payment. You do not declare it as income on your tax return. It is also not subject to Capital Gains Tax (CGT) when you sell the property.
What is Revenue NSW?
Revenue NSW is the NSW Government agency that administers state taxation and grant schemes, including the First Home Owner Grant and the First Home Buyer Assistance Scheme (stamp duty concessions). Your lender or conveyancer lodges your FHOG application with Revenue NSW on your behalf.
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Read moreFree Calculators for First Home Buyers
- NSW Stamp Duty Calculator — Calculate your stamp duty and check if you qualify for the first home buyer exemption or concession.
- Borrowing Power Calculator — Estimate how much you can borrow based on your income and expenses.
- Loan Repayment Calculator — Estimate your monthly repayments based on your expected loan size and rate.
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First Home Owner Grant FAQs
Common questions about the NSW FHOG, eligibility and the application process.
Why people ask
- Clarity on whether you qualify for the $10,000 grant
- Confidence about which other schemes you can combine with the FHOG
- Peace of mind that your application is lodged correctly and on time
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Settlement & Client Liaison
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The NSW First Home Owner Grant is $10,000 that eligible first home buyers are entitled to. We confirm your eligibility, manage the application and ensure it's submitted correctly — at no cost to you.
“Many first home buyers miss out on grants and schemes simply because no one confirmed their eligibility upfront. We make sure that doesn't happen.”
Sumit · Director & Senior Loan Specialist
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