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First Home Owner Grant NSW 2026

The $10,000 First Home Owner Grant in NSW, who qualifies, what properties are eligible, how to apply and how to stack it with other first home buyer schemes in 2026.

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Quick Reference, 2026

Grant amount$10,000
New home price cap$600K (home only)
New home+land cap$750K total
Residency6 months min
Citizen/PRRequired
Our fee$0 (Free)

Last updated: October 2026 · Reviewed by John Pierre Saliba, Director and Mortgage Broker, MFAA Accredited

What Is the FHOG?

The First Home Owner Grant (FHOG) is a one-off $10,000 payment for eligible first home buyers in NSW purchasing or building a new home. It applies to new homes only, not established properties. In 2026, the amount and structure remain unchanged.

NSW FHOG Eligibility (2026)

  • First home buyer: Never owned residential property in Australia
  • New home only: Newly built, substantially renovated, or off-the-plan
  • Price cap: $750,000 total (home + land); $600,000 home only
  • Australian citizen or PR: At least one applicant
  • Age 18+
  • Residency: Move in within 12 months, stay 6 continuous months

Combining FHOG with Other Schemes

  • Stamp duty exemption: Full exemption new homes under $800K, saving up to $40,885
  • First Home Guarantee: 5% deposit, no LMI, up to $900K in NSW
  • Family Home Guarantee: 2% deposit (single parents)

Combined example: New $720K house: FHOG ($10K) + stamp duty exemption (~$29K saving) + First Home Guarantee (no LMI ~$24K saving) = ~$63K total benefit.

How to Apply

Applications lodge through your lender (we handle this). Grant is credited at settlement for new builds, or at first drawdown for construction loans. Have ready: contract of sale or building contract, proof of identity, proof of citizenship or PR.

Common Mistakes to Avoid

  • Assuming established properties qualify, they don't
  • Not checking price caps before signing
  • Failing to meet the residency requirement
  • Co-purchaser who previously owned property
  • Applying after settlement deadlines

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Is Refinancing Worth It for You?

It comes down to three numbers: your balance, the rate gap, and the switching costs. Most Sydney refinances with a meaningful rate cut recover their costs within three to nine months. John runs the break-even maths for free before you commit to anything.

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FAQs

First Home Owner Grant NSW 2026, Common Questions

Can I get the FHOG for an established home in NSW?
No, the NSW FHOG only applies to new homes. An established home from a previous owner doesn't qualify regardless of age. The stamp duty exemption does apply to established first home buyers under $800K.
What is the price cap for the NSW FHOG?
Total value (home plus land) must not exceed $750,000. Home only (e.g., off-the-plan apartment): cap is $600,000. Properties above these caps don't qualify.
When is the FHOG paid?
At settlement for established contracts, credited toward your loan. For construction loans, at the first progress draw-down. Revenue NSW processes after your lender lodges the application.
Can I use the FHOG as part of my deposit?
Yes, the $10,000 is paid to your lender at settlement. Most lenders allow FHOG to form part of your genuine savings requirement, though some require a minimum amount of own savings alongside it.
Is using a mortgage broker free?
Yes, 100% free. We're paid by the lender when your loan settles. No upfront fees, no consultation fees. Under the Best Interests Duty, we're legally required to recommend what's best for you.
When should a first home buyer think about refinancing?

Review your loan around the two-year mark, or sooner if rates move. First loans are often set-and-forget, which is exactly how the loyalty tax starts. If your property has grown in value, your lower LVR may qualify you for a cheaper pricing tier even with the same lender.

Is it worth refinancing for a 0.25% rate cut?

Often, yes, on larger balances. A 0.25% cut on a $600,000 loan saves about $91 a month, roughly $1,095 a year, which typically repays switching costs inside a year. Below that, the case depends on your balance, remaining term and fees; John runs the break-even numbers for you for free.

What is the home loan loyalty tax?

It is the gap between the discounted rates lenders advertise to new borrowers and the higher back-book rates existing customers quietly drift onto. The longer you stay, the wider it tends to get. Refinancing, or the credible threat of it, is how borrowers claw that margin back.

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