Renovation Finance: Grants, Loans, and Stamp Duty Concessions

First Home Owner Grant (FHOG)

Amounts vary by state: $10,000 in NSW and VIC, $15,000 in QLD and SA, $10,000 in WA.

Stamp Duty Concessions

Most states offer stamp duty concessions or exemptions for first-home buyers — saving $10,000–$30,000 depending on property value and state.

Home Loan Redraw and Offset

Using a redraw facility at your home loan interest rate (5–7%) is more cost-effective than personal loan rates (8–14%).

Government Rebates for Sustainability

• 1 Solar panels: STCs reduce upfront cost by $2,000–$4,000
• 2 Heat pump hot water: rebates of $500–$1,000 in most states
• 3 Insulation: energy efficiency rebates under various state programs