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How to apply for the $10,000 First Home Owner Grant in New South Wales
Our analysis shows the grant could save a homeowner a further $11,584 in interest if it’s put towards their home loan
Home loan guide written by Matthew Hart and reviewed by Jared Mullane. Updated 13 Feb 2026.
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The First Home Owner Grant (FHOG) is a one-off, tax-free grant available to eligible first-home buyers in New South Wales. It’s designed to help cover some of the upfront costs of buying or building a new or substantially renovated home, though strict price caps and eligibility criteria apply.
The First Home Owner Grant in New South Wales is $10,000 for eligible first-home buyers to buy or build a new home. It’s on the lower scale of grants available in Australia, despite NSW being the most expensive state to buy property, according to Domain.com.au
To be eligible, new homes must be valued below $600,000, or under $750,000 if you’re buying a new house and land package. Eligible properties include:
If you've owned or partly owned an investment property since 1 July 2000 (when the FHOG was introduced), you may still be eligible for the NSW FHOG to buy another property you intend to live in.
You’ll need to prove that you have not lived in the investment property while you owned it. You may be asked to provide supporting documentation, including:
| With $10,000 NSW FHOG | Without NSW FHOG | |
|---|---|---|
Loan amount | $600,000 (reduced to $590,000) | $600,000 |
Interest rate | 6.00% p.a. | 6.00% p.a. |
Monthly repayments | $3,537.35 (save $59.95) | $3,597.30 |
Total to repay | $1,273,445 (save $21,584) | $1,295,029 |
Total interest payable | $683,445 (save $11,584) | $695,029 |
Debbie Hays, Senior Mortgage Broker at Money.com.au
“Government grants can help first-home buyers buy property sooner, but lenders still require a minimum of 5% of the loan amount in genuine savings. In some cases, rental payments may be considered genuine savings if you can provide a rental ledger. Remember, your home loan isn’t the only expense you’ll need to consider. You’ll also need to budget for extra costs such as home insurance, council rates, maintenance, etc.”
Debbie Hays, Senior Mortgage Broker at Money.com.au
You can apply for the First Home Owner Grant through your lender (who will handle the paperwork) or directly with Revenue NSW.
If you apply via your lender
Complete the First Home Owner Grant application form and submit it to your lender with the supporting documents of the property purchase. You’ll also be asked to provide 100 points of Australian or state-issued documents that the lender can use for your home loan application. The lender will lodge your FHOG application on your behalf.
If you’re approved for the FHOG, you’ll usually receive the payment at settlement if you’re buying a home or at the first drawdown of funds from a construction loan for building contracts.
If you apply via Revenue NSW
You can lodge your grant application online and upload your supporting documents via the Revenue NSW FHOG Online Application Portal. If you’re approved for the FHOG, you’ll usually receive payment within 15 working days of submitting your completed application and supporting documents.
Verify your eligibility for the First Home Owner Grant. Tick the relevant box for questions 1 to 7.
Each applicant must fill out their personal information, including name, date of birth, address, contact details, etc. If you’re applying with a spouse, they must enter their details in the ‘Applicant 2’ section. There’s a separate section for spouses not party to the grant application.
Enter the details of the property you’re buying, including the street address or a lot number if a street number is not allocated (e.g. new housing estates or developments). You’ll also be asked to provide transaction details, such as if you have a contract to buy an established home, off-the-plan, build a new home, or buy a substantially renovated home.
If applying with Revenue NSW, you must nominate the bank account you’d like the grant paid into. If you’re applying through your lender, the grant will be paid to them in accordance with your agreement.
Each applicant must agree to and sign the declaration to confirm that all information provided is true and correct, and that they’ve read and understood all the details completed on the application form.
Submit your completed First Home Owner Grant application form to your lender or Revenue NSW for review. You will be contacted if any details are missing or if further clarification is needed.
The First Home Guarantee (FHBG) is a nationwide program that helps eligible first-home buyers purchase a property with a deposit as low as 5%, including in regional areas under the Regional First Home Buyer Guarantee (RFHBG). Housing Australia guarantees up to 15% of the value of a first home, meaning you’d avoid lender’s mortgage insurance (LMI).
In New South Wales, the FHBG price cap is $1,500,000 for homes in capital cities and regional centres and $800,000 for the rest of the state.
There’s also the Family Home Guarantee (FHG) to help eligible single parents or guardians buy a property with a deposit as low as 2%, with Housing Australia guaranteeing up to 18% of the property’s value.
Yes, it’s possible to use both the $10,000 NSW first-home buyer grant and FHBG if you qualify, according to Housing Australia. However, the FHOG is typically available only at settlement (i.e. after the completion of your property transaction), so it can’t directly be put towards the minimum 5% deposit for the FHBG.
Mortgage brokers we spoke to said in certain situations lenders might consider including your FHOG as part of your deposit, most commonly with off-the-plan property transactions.
Even if a lender does not accept FHOG funds as part of your deposit, being eligible for it may still help you when applying for a loan. For example, lenders may factor in the one-time payment when assessing your borrowing capacity, pending grant approval, according to ANZ.
Under the First Home Buyers Assistance Scheme (FHBAS), first-home buyers may be eligible for an exemption on stamp duty in NSW for properties valued under $800,000 or vacant land under $350,000. That’s a potential saving of up to $30,735. A reduced transfer duty rate applies to homes under $1,000,000 and vacant land under $450,000.
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Matt joined Money.com.au in 2025 as a Finance Content and Media Specialist. With over a decade of experience in journalism and content creation, Matt is passionate about offering value to readers through engaging and informative content.
Jared Mullane is a finance writer with more than a decade of experience at some of Australia’s biggest finance and consumer brands. His areas of expertise include energy, home loans, personal finance and insurance. Jared is qualified with a Certificate IV in Finance and Mortgage Broking (FNS40821).
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