Last year brought some big changes for Kiwis living in Australia, especially when it comes to accessing government grants and incentives. Previously, many of these schemes were only available to Australian citizens, but midway through 2024, the rules changed. Now, in 2025, Kiwis in Australia have a fantastic opportunity to buy their first home with significant financial benefits.
Let’s break down the key grants and incentives available and how they can make homeownership more affordable than ever.
Grants and Incentives Available to Kiwis in Australia
If you’re a Kiwi living in Australia, you now have access to several key programs that can help you buy your first home with less money upfront.
1. First Home Owner Grant (FHOG)
Kiwis are now eligible for the First Home Owner Grant, which provides between $10,000 and $30,000, depending on the state. This grant applies to newly built homes and is designed to make it easier for first-home buyers to enter the market.
2. Stamp Duty Concessions
Stamp duty is one of the biggest upfront costs when buying a property, but Kiwis can now access concessions just like Australian citizens.
- In New South Wales, first-home buyers pay no stamp duty on properties up to $800,000.
- Stamp duty is then prorated for homes valued between $800,000 and $1,000,000.
- This means significant savings, reducing the amount needed upfront.
3. Home Guarantee Scheme (HGS)
The Home Guarantee Scheme is a federal initiative that allows eligible buyers to purchase a home with just a 5% deposit—without having to pay Lenders Mortgage Insurance (LMI).
For Kiwis, this is a game-changer because:
- You only need 5% of the property price instead of the usual 20% deposit.
- The government guarantees the loan, so you avoid paying LMI, which can save tens of thousands of dollars.
- Banks treat the loan as if you have a 20% deposit, meaning you get a better interest rate.
Real-World Examples of How These Incentives Work
Buying in New South Wales
Let’s say a Kiwi in Australia wants to buy a $600,000 property in NSW.
- Deposit required: 5% of $600,000 = $30,000
- Other costs (legal fees, etc.): $3,000
- Stamp duty: $0 (because it’s under $800,000)
- LMI: $0 (thanks to the Home Guarantee Scheme)
- Total upfront cost: $33,000
- First Home Owner Grant (if brand new home): $10,000 (paid after purchase)
After receiving the grant, the total out-of-pocket cost is only $23,000 to secure a home in NSW.
Buying in Queensland
For a $750,000 newly built property in Queensland:
- Deposit required: 5% of $750,000 = $37,500
- Other costs: $3,000
- Total upfront cost: $40,500
- First Home Owner Grant (if brand new home): $30,000
After receiving the grant, the total out-of-pocket cost is only $10,500 to buy a brand-new property in Queensland!
Why 2025 is the Year to Take Action
These grants and incentives create an incredible opportunity for Kiwis in Australia to buy their first home. However, there’s one important deadline—some of these incentives expire at the end of this financial year. That means if you’re considering buying in Queensland, you need to act before June 30, 2025 to take advantage of these savings.
The longer you wait, the higher property prices could climb, making it harder to enter the market.
How to Get Started
If you’re a Kiwi in Australia and want to buy your first home, here’s what you need to do:
✅ Speak to a mentor or property expert
✅ Reach out to a broker
✅ Look at different states
✅ Start the conversation now
Final Thoughts
For Kiwis in Australia, 2025 represents a rare opportunity to enter the property market with lower upfront costs and significant government support. With stamp duty exemptions, first-home grants, and the ability to buy with just a 5% deposit and no LMI, there’s never been a better time to take action.
If you’re serious about buying your first home, don’t wait until these incentives disappear. Start the process today and take advantage of what could be the best opportunity for Kiwi buyers in years.