[no bill text published] First Home Owner Grant Hits $50,000 From October 2025 to October 2026, Then Falls to $10,000
First Home Owner Grant Amendment (Extension of Scheme) Bill 2025
Introduced by: Bill Yan (CLP)
Links to official parliament websites
Effects of this bill
If this bill passes, it means that:
The residence requirement deadline for First Home Owner Grant applicants moves from 2025 to 2026.
Grant recipients get $50,000 if their transaction starts between 1 October 2025 and 1 October 2026.
Grant recipients get $10,000 if their transaction starts on or after 1 October 2026.
People applying for the First Home Owner Grant can now meet their residence requirements up until 2026.
The First Home Owner Grant amount now depends on when the property transaction starts.
People whose transactions start between 1 October 2025 and 1 October 2026 can get a grant of $50,000.
People whose transactions start on or after 1 October 2026 can get a grant of $10,000.