Guide
First Home Buyer Guide
Buying your first home is one of life's biggest financial decisions. The good news? There are significant grants and concessions available to help you get there sooner.
Available Nationwide
Federal Government Schemes
These schemes are available to eligible first home buyers across Australia, and can be used in conjunction with state grants.
First Home Guarantee
Buy with just 5% deposit and no LMI. Government guarantees up to 15% of the property value. Unlimited places from October 2025.
Eligibility:
- Australian citizen or permanent resident
- 18 years or older
- First home buyer (or haven't owned in 10 years)
- Will live in the property as your home
Help to Buy
Government contributes up to 40% (new homes) or 30% (existing) of purchase price. Buy with as little as 2% deposit.
Eligibility:
- Income caps apply ($90,000 single / $120,000 couple)
- Property price caps vary by location
- Must not currently own property
- Must occupy as principal residence
Family Home Guarantee
For single parents with dependents. Buy with just 2% deposit and no LMI.
Eligibility:
- Single parent with at least one dependent
- Australian citizen or permanent resident
- Income up to $125,000
- First home buyer or haven't owned in 10 years
Big news for 2026: The Home Guarantee Scheme now has unlimited places and no income caps, making it easier than ever for first home buyers to enter the market.
Select Your State
State & Territory Grants
Each state and territory offers different grants and concessions. Select your location to see what's available.
New South Wales
First Home Owner Grant
$10,000
Property value cap: $600,000 (or $750,000 for new homes in Sydney)
New homes only: Yes
- Must be a new home (newly built, off-the-plan, or substantially renovated)
- You must be 18 years or older
- You or your spouse must not have previously owned property in Australia
- You must move into the home within 12 months and live there for at least 6 months
Stamp Duty Concessions
Full Exemption
$800,000 (homes) / $350,000 (land)
Concession up to
$1,000,000 (homes) / $450,000 (land)
- Full exemption for new and existing homes up to $800,000
- Sliding scale concession between $800,000 - $1,000,000
- Applies to both new and existing homes
Additional Schemes
First Home Buyer Assistance Scheme
Stamp duty exemptions and concessions for first home buyers on both new and existing properties
Shared Equity Home Buyer Helper
Government contributes up to 40% of purchase price for new homes, 30% for existing
Tips for First Home Buyers
Start saving early
Even with low deposit schemes, having more savings gives you better rates and more options.
Get pre-approved
Know your budget before you start looking. Pre-approval is free and shows sellers you're serious.
Combine grants and schemes
Federal and state schemes can be used together. A broker can help you maximise your benefits.
Factor in all costs
Beyond the deposit, budget for stamp duty, legal fees, inspections, and moving costs.
Consider location carefully
Think about commute, amenities, growth potential, and future needs.
Use a broker
Brokers are free and can access 70+ lenders to find the best deal for your situation.
Ready to buy?
Let us help you navigate the grants and find the right loan
Book a free consultation and we'll walk you through your options.