First Home Buyer

FHB

Someone who has never previously owned residential property in Australia (or whose spouse hasn't either).

A first home buyer is generally someone who has never owned residential property in Australia — neither solely nor jointly. Most schemes also disqualify you if your spouse or de facto partner has previously owned property, even if you haven't. Investment property ownership counts; a property you inherited and never lived in usually does not. Each scheme has its own precise definition.