The national scheme, funded by the states and territories and administered under their own legislation, makes funds available to first home buyers. It is often coupled with savings on stamp duty for first-timers, too.
The FHOG was established to offset the impact of the then-new GST, but it has become an important economic stimulus tool.
Successive state and territory governments have tweaked the amounts available, as well as eligibility criteria. It is now aimed squarely at newly-built houses.
Here’s the lowdown on what’s available to first home buyers around the country.