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First Home Owners Grant (FHOG) NSW 2023

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Dreaming of owning your first home in New South Wales? The journey might be easier than you think, thanks to the First Home Owners Grant (FHOG) from the NSW government.

Designed to give first-time homeowners a financial boost, the FHOG offers $10,000 to eligible individuals looking to buy or build their first new home. Whether it’s a newly built house, a townhouse off the plan, an apartment in the heart of the city, or a substantially renovated unit, the grant aims to make the process of transitioning from renter to homeowner smoother and more achievable.

Let’s unpack everything you need to know about the First Home Owners Grant in NSW, and how it can help you make your first step towards building and owning your new house and experiencing the Coral Homes difference.


  • Importance of FHOG
  • Eligibility
  • Amount & use
  • Application process
  • How we can help
  • Recap
  • FAQs
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Understanding the First Home Owners Grant (FHOG) NSW

Navigating the world of home ownership for the first time can seem daunting, but resources like the First Home Owners Grant (FHOG) can make the journey significantly smoother. Let’s delve deeper into the specifics of this grant and its critical role in supporting new homeowners.

What is the FHOG?

The First Home Owners Grant is a government scheme designed to assist and encourage first-time homeowners. In New South Wales, the FHOG provides a $10,000 grant to eligible individuals or couples who are buying or building their first new home.

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Importance of FHOG

Securing your first home is an exciting milestone, but it can also be a financially challenging phase. The FHOG serves as a helping hand, offsetting some of the costs associated with buying or building a new home. It can contribute towards your deposit, reduce the amount you need to borrow, or assist with other associated expenses, thereby making home ownership more accessible.

Who is eligible for FHOG?

The eligibility for the FHOG is determined based on several criteria related to the applicants, the property, the residence and financial considerations. The following requirements may provide some insights into the FHOG, please visit the government website for advice.

Applicant requirements and eligibility

  • At least one applicant must be an Australian citizen or permanent resident.
  • Applicants must be a natural person (not a company or trust).
  • Applicants must be at least 18 years old.
  • This must be the first time an applicant or their spouse/de facto has received a FHOG under this scheme in any state or territory of Australia.


Property requirements and eligibility

  • The home must be a new build, off-the-plan purchase, or a substantially renovated house.
  • For a new home purchase, the price of the home must not exceed $600,000.
  • For a build, the total value of the land and home should not exceed $750,000.

Residence requirements and eligibility

Applicants must live in the home for a minimum of 6 continuous months within the first year of completion, settlement, or occupancy.

Income and financial requirements and eligibility

As of the current guidelines, there is no income cap for the FHOG in NSW.

Please remember that the above information is a guide and that it’s always recommended to check the official NSW Government website or seek professional advice for the most up-to-date and detailed eligibility criteria. The next steps towards your dream home await!


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Value of the First Home Owners Grant NSW

At its core, the FHOG is a $10,000 grant offered to eligible first-time home buyers or builders. This figure isn’t arbitrary; it’s specifically designed to make a significant impact on your home ownership journey.

While $10,000 may not cover the entire cost of your new home, it can ease the financial pressure in several ways. Perhaps it could form part of your deposit, reducing the size of the home loan you need to take out. Alternatively, it could cover some of the costs associated with buying and building a new home, such as furnishings for your new home.

The beauty of the FHOG is that it is, in essence, a grant, not a loan, which means you won’t need to pay it back. This one-time benefit can provide a helpful boost as you take your first steps into homeownership.

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Building your first home with the First Home Owners Grant

One of the attractive aspects of the First Home Owners Grant (FHOG) is that it supports not just home buyers, but also those who want to build their first home. If you decide to purchase vacant land and sign a building contract, you may be eligible for the FHOG, provided the combined cost of the land and construction does not exceed $750,000.

This path offers a unique blend of advantages:

Flexibility and customisation

Building your own home allows you to personalise every aspect, from the floor plan to the finishing touches. You can decide the layout, choose the fixtures, and select the colour scheme, creating a home that’s tailored to your preferences and needs.

Energy efficiency

With new constructions, you have the option to incorporate energy-efficient designs and technologies from the start. This could mean substantial savings on energy bills over time and a smaller environmental footprint.

Lower maintenance

New homes generally require less maintenance compared to older properties. Everything from the roof to the appliances is brand new, which can save you considerable time and money in repairs and replacements in the early years of homeownership.


The combined cost of your land and building contract must not exceed $750,000 to be eligible for the FHOG. This is $150,000 extra than the cap on purchasing a house with the FHOG, or as stated on the government website.

The process of building your home involves several stages, from choosing the right piece of land to working with a reputable builder like Coral Homes. It’s a journey of seeing your dream home come to life, and with the support of the FHOG, this dream is within reach.

At Coral Homes, we stand ready to guide you through this exciting process, turning your vision of the perfect home into a reality. Through our exceptional customer service and dedication to quality, we make sure your home-building journey is as smooth and enjoyable as possible.

Type of homes you can purchase with the First Home Owners Grant NSW

The First Home Owners Grant isn’t restricted to a specific type of property. However, it does focus on encouraging new and substantial constructions, which ties in with the scheme’s goal of stimulating the construction industry. Let’s explore the eligible property types under this grant:

Newly Built Homes 

If you’re buying a brand new home that has not been previously lived in, you could be eligible for the FHOG. Whether it’s a house, townhouse, apartment, or unit, the total value of your new home must not exceed $600,000.

Homes Off-the-Plan 

Purchasing off-the-plan can be an exciting venture, watching your future home come to life from blueprints. If you’ve signed a contract to buy a home that is yet to be built or is in the process of being built, you might be eligible for the grant.

Substantially Renovated Homes

Not all eligible homes need to be built from scratch. If you’re purchasing a home that has undergone substantial renovations, it may qualify for the grant, provided the purchase price does not exceed $600,000. Significant renovations mean most of the house has been removed or replaced, and the home has not been lived in since the renovations.

Remember, each property type and purchase method offers unique advantages, and understanding these can help you make the best decision based on your personal circumstances and aspirations. Whichever path you choose, Coral Homes is here to help you create your dream living space and guide you through this thrilling journey to homeownership.

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How to Apply for the First Home Owners Grant

Applying for the First Home Owners Grant (FHOG) might seem daunting, but the process is actually quite straightforward. Here are the steps you need to take:

Check Your Eligibility

Review the eligibility criteria mentioned earlier in this guide. Ensure you meet the personal, property, residence and financial requirements.

Collect Necessary Documentation

Gather all required documents, which typically include proof of identity, contract for sale or building contract, and evidence of occupancy.

Complete the Application

Fill out the First Home Owner Grant (New Homes) application form, which can be found on the NSW Government’s website.

Submit Your Application

Applications can be lodged with an approved agent (like your bank or financial institution) or with Revenue NSW. If you’re borrowing to finance your home, it’s usually easiest to lodge your application through your lender.

Always remember to seek professional advice if you’re unsure about any step in the process.

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Building a new home? Contact Coral Homes

At Coral Homes, we’re more than just a home builder. We’re a committed partner in your homeownership journey, and we’re here to guide and assist you every step of the way. If you need more information about the First Home Owners Grant, want to discuss your home building options, or simply have a question about Coral Homes and our services, don’t hesitate to reach out to us.

Experience the Coral Homes difference as you embark on the exciting journey of creating your dream home. We’re ready to help you turn that dream into a reality, supported by over 33 years of industry experience and a dedication to trust, transparency, and exceptional customer service. Contact us today – your dream home awaits!

FHOG FAQ (Frequently Asked Questions)

We’ve compiled a list of common queries about the FHOG to help clarify any uncertainties you might have:

Yes, at least one applicant must be an Australian citizen or a permanent resident.

The value of your property at the time of your application is what counts for the First Home Owners Grant (FHOG). If the value changes after your application has been submitted or approved, it does not affect your eligibility or the amount of the grant. 

No, the FHOG is a grant, not a loan. You don’t need to pay it back.

The FHOG is for first-time homeowners only, regardless of where in Australia you may have owned a home before. If you’ve previously owned a home, whether it’s in NSW or any other state or territory, you’re not eligible for the grant.

You might be able to use the First Home Owners Grant as a part of your deposit. It can provide a helpful boost when saving for a deposit, but you’ll typically need additional savings because the grant alone may not be enough to meet the deposit requirements set by lenders. It’s important to discuss this with your bank or financial institution to understand how this can be structured in your particular circumstances.

No, the FHOG in NSW is only available for new homes, off-the-plan properties, and substantially renovated homes.

For more detailed information, please consult the official NSW Government website or seek professional advice.

Please note, this advice is general and does not consider your objectives, financial situation or needs. You should consider whether the advice is suitable for you and your personal circumstances.

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