First home buyer scheme calculator
Every scheme available to you, added up — the guarantee place, your state grant, the stamp duty concession and an FHSS release. No government page totals these for you.
Covers 2026-27 · rates as at 2026-07-01
Government support available
Estimate$28,279
Plus a guarantee place removing lenders mortgage insurance entirely
- First home owner grant
- $0.00
- Stamp duty saved
- $28,279
- FHSS release available
- $25,000
| Property value | $750,000 |
|---|---|
| Your savings | $45,000 |
| FHSS release | $25,000 |
| Stamp duty without the concession | -$28,279 |
| Stamp duty you actually pay | $0.00 |
| Deposit required at 5% | -$37,500 |
| Surplus after costs | $32,500 |
- A Home Guarantee place lets you buy with a 5% deposit and no lenders mortgage insurance — usually the single largest saving here.
- No first home owner grant applies here. New homes only, with a $750,000 value cap.
On $750,000 in NSW a first home buyer gets a full duty exemption worth about $29,000, and a guarantee place removes lenders mortgage insurance entirely on top of that.
Do you qualify
How this is calculated
The schemes stack, and nobody adds them up
A Home Guarantee place, a state grant, a duty concession and an FHSS release can all apply to the same purchase. Each is documented separately, and the combined figure on a $750,000 NSW purchase runs to tens of thousands.
support = grant + duty saved + FHSS releaseThe guarantee place is usually the biggest item
It lets you buy with a 5% deposit and no lenders mortgage insurance. On a $750,000 purchase at 95% loan-to-value the LMI avoided is often $25,000 or more, which exceeds every cash grant available.
FHSS releases super, it does not give you money
You can release up to $50,000 of voluntary contributions, at $15,000 a year. The benefit is that those contributions were taxed at 15% going in rather than your marginal rate — the release itself is your own money.
release = min(voluntary contributions, $50,000)Worked example: $750,000 established home in NSW with $45,000 saved
| State | NSW |
|---|---|
| Price | $750,000 |
| Savings | $45,000 |
| FHSS | $25,000 |
| Duty exemption | Full, to $800,000 |
|---|---|
| Guarantee cap | $1,500,000 in NSW |
| Grant | New builds only |
Buying at $810,000 instead would lose the full duty exemption and move into the phase-out band — the $60,000 of extra price costs far more than $60,000.
What this assumes
- A first home buyer meeting residency and income tests.
- Owner-occupier, moving in within the required period.
- A guarantee place is available when you apply.
- FHSS contributions were made voluntarily and are eligible.
Where this commonly goes wrong
- Guarantee scheme places are capped in number and released each financial year, so eligibility on paper does not mean a place is available when you are ready.
- FHSS requires a determination from the ATO before you sign a contract — requesting it afterwards means the release is refused entirely.
- Most state grants are restricted to new builds, so buying an established home commonly means the grant is worth nothing regardless of price.
Questions
What help can a first home buyer actually get?
A Home Guarantee place removing lenders mortgage insurance on a 5% deposit, a state first home owner grant, a stamp duty concession, and an FHSS release of up to $50,000 from super. They stack.
How much is the Home Guarantee Scheme worth?
Whatever LMI you avoid — commonly $25,000 or more on a high loan-to-value purchase. That is typically larger than any cash grant, which is why checking the price cap for your state matters most.
What is the First Home Super Saver scheme?
It lets you release up to $50,000 of voluntary super contributions, at $15,000 a year, for a first home. The benefit is the 15% contributions tax rate rather than your marginal rate — it is your own money coming back.
Do I get a first home owner grant on an established home?
In most states, no. Grants are generally restricted to new builds, with amounts from $10,000 in NSW and Victoria to $30,000 in Queensland and $50,000 in the Northern Territory for qualifying new homes.
Can I use all the schemes at once?
Generally yes — the guarantee place, the grant, the duty concession and an FHSS release are separate programmes with separate eligibility. Nothing in the rules requires you to choose between them.
What happens if I buy slightly above a threshold?
It can cost far more than the price difference. In NSW the full duty exemption ends at $800,000 and phases out by $1,000,000, so buying at $810,000 rather than $799,000 is a large step backwards.
Related tools
Sources
General estimate based on published ATO rates for the 2026-27. Not tax advice, and it does not consider your objectives, financial situation or needs. Confirm your position with the ATO or a registered tax agent.
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