Savings .com.au

First home owners grant calculator

You can use our first home owners grant calculator by entering the following information into it:

  • The value of the property
  • The state you’re living in
  • The location of the property
  • The property type (whether it’s an established home, a new home or vacant land)

With this information, the calculator will suggest whether you’re eligible for a grant or not, and how much you could be eligible for. Do keep in mind that this is just a general guide only. The state or territory government will have the ultimate say on whether you qualify for a grant or not.

What is the first home owners grant?

The first home owners grant is a scheme available across Australia that provides funds to eligible first home buyers, to help them enter the property market.

The grant differs across the different states and territories and is usually worth between $10,000 to $20,000.

To read more about the different first home owners grants, including how to find out if you’re eligible and how you can apply, read our guide on it here.


Looking for a home loan?

Buying a home or looking to refinance? The table below features home loans
with some of the lowest interest rates on the market for owner occupiers.

Lender

VariableMore details
Online ExclusiveUp To $4K Cashback
  • Immediate cashback upon settlement
  • $2,000 for loans up to $700,000
  • $4,000 for loans over $700,000
Online ExclusiveUp To $4K Cashback

loans.com.au – Variable Basic Cashback Home Loan (Principal and Interest) (LVR < 70%)

  • Immediate cashback upon settlement
  • $2,000 for loans up to $700,000
  • $4,000 for loans over $700,000
VariableMore details
Unlimited RedrawsApply In Minutes
  • Low Deposit (<95% LVR) with No LMI required
  • Unlimited Redraw and additional repayments
  • No Application or ongoing fees
Unlimited RedrawsApply In Minutes

Sucasa – Ultra Low Rate (Variable) - <95% LVR - No LMI (New Purchases)

  • Low Deposit (<95% LVR) with No LMI required
  • Unlimited Redraw and additional repayments
  • No Application or ongoing fees
VariableMore details
Refinance OnlyApply In Minutes
  • No application or ongoing fees. Annual rate discount
  • Unlimited redraws & additional repayments. LVR <80%
  • A low-rate variable home loan from a 100% online lender. Backed by the Commonwealth Bank.
Refinance OnlyApply In Minutes

Unloan – Variable Rate Home Loan – Refinance Only

  • No application or ongoing fees. Annual rate discount
  • Unlimited redraws & additional repayments. LVR <80%
  • A low-rate variable home loan from a 100% online lender. Backed by the Commonwealth Bank.
VariableMore details
Unlimited Redraws
  • No annual fees - None!
  • Get fast pre-approval
  • Unlimited additional repayments free of charge
  • Redraw freely - Access your additional payments when you need them
  • Home loan specialists available today
Unlimited Redraws

ubank – Neat Variable Home Loan (Principal and Interest) (LVR < 60%)

  • No annual fees - None!
  • Get fast pre-approval
  • Unlimited additional repayments free of charge
  • Redraw freely - Access your additional payments when you need them
  • Home loan specialists available today
FixedMore details
  • $0 application Fee
  • Estimate your borrowing power in as little as one minute
  • Safeguard against possible interest rate rises and fix at a great rate now

Macquarie Bank – Basic Home Loan Fixed (Principal and Interest) (LVR < 70%) 3 Years

  • $0 application Fee
  • Estimate your borrowing power in as little as one minute
  • Safeguard against possible interest rate rises and fix at a great rate now
VariableMore details
4.6 Star Customer Ratings
4.6 Star Customer Ratings

loans.com.au – Variable Home Loan (LVR < 90%)

    FixedMore details

    Macquarie Bank – Basic Home Loan Fixed (Principal and Interest) (LVR 70%-80%) 3 Years

      VariableMore details

      ubank – Neat Variable Home Loan (Principal and Interest) (LVR 70%-80%)

      • Home loan specialists available today
      VariableMore details
      • $0 application fee
      • Fast turnaround times
      • Estimate your borrowing power in as little as 1 minute

      Macquarie Bank – Offset Package Home Loan (Principal and Interest) (LVR 60%-70%)

      • $0 application fee
      • Fast turnaround times
      • Estimate your borrowing power in as little as 1 minute
      VariableMore details
      • Flexibility without the fees: Easily change your loan type, repayment frequency or top-up when you need, for free.
      • Unlock equity easily and get maximum borrowing power.
      • Set up your offsets (up to 10) to stash your cash to reduce the your interest payable
      • Drop your own rate: With AcceleRATES the more you pay down your loan, the more we'll lower your interest rate - automatically

      Athena – Straight Up Owner Occupied - Obliterate (LVR < 50%) (Principal and Interest)

      • Flexibility without the fees: Easily change your loan type, repayment frequency or top-up when you need, for free.
      • Unlock equity easily and get maximum borrowing power.
      • Set up your offsets (up to 10) to stash your cash to reduce the your interest payable
      • Drop your own rate: With AcceleRATES the more you pay down your loan, the more we'll lower your interest rate - automatically
      FixedMore details

      Westpac – Premier Package Fixed Options Home Loan (Principal and Interest) 1 Year (LVR < 70%)

        VariableMore details

        Commonwealth Bank – Wealth Package Variable Home Loan (Principal and Interest) (LVR 70% - 80%)

          VariableMore details

          NAB – Base Variable Home Loan (Principal and Interest) (New Customer)

            FixedMore details

            ANZ – Fixed Rate Home Loan (Principal and Interest) 5 Years (LVR < 80%)

              VariableMore details

              Heritage Bank – Discount Variable Home Loan ($150k+) (LVR < 70%)

                VariableMore details

                P&N Bank – & Basic Home Loan (LVR < 60%)

                  FixedMore details

                  Newcastle Permanent – Premium Plus Package Fixed Rate Home Loan Special (Principal and Interest) 2 Years

                    FixedMore details

                    Commonwealth Bank – Fixed Rate Home Loan (Principal and Interest) 3 Years

                      FixedMore details

                      HSBC – Package Fixed Rate Home Loan (Principal and Interest) 4 Years (LVR < 80%)

                        FixedMore details

                        IMB Bank – Fixed Rate Home Loan (Principal and Interest) 3 Years (LVR ≤ 80%)

                          Important Information and Comparison Rate Warning

                          Base criteria of: a $400,000 loan amount, variable, fixed, principal and interest (P&I) home loans with an LVR (loan-to-value) ratio of at least 80%. However, the ‘Compare Home Loans’ table allows for calculations to be made on variables as selected and input by the user. Some products will be marked as promoted, featured or sponsored and may appear prominently in the tables regardless of their attributes. All products will list the LVR with the product and rate which are clearly published on the product provider’s website. Monthly repayments, once the base criteria are altered by the user, will be based on the selected products’ advertised rates and determined by the loan amount, repayment type, loan term and LVR as input by the user/you. *The Comparison rate is based on a $150,000 loan over 25 years. Warning: this comparison rate is true only for this example and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Rates correct as of March 1, 2024. View disclaimer.