First home buyer guide:
grants, schemes & incentives
If you’re a first home buyer, Loan Studio can help you with a range of Government schemes & grants.
National First Home Buyer Scheme
If you’re a first home buyer, there are a few Government-funded grants & schemes that can help you buy your first home. Our brokers will work with you and the lender to ensure we can maximise these to get you into market!
We have helped so many first home buyers purchase with the Australian Government 5% Deposit Scheme and we want to help you too!
State based schemes
Buying your first home can feel overwhelming, but there are a range of Australian Government and state-based grants and schemes designed to help make it more achievable. From cash grants and stamp duty concessions to shared equity and low-deposit options, the support available can significantly reduce upfront costs for eligible first home buyers. As these incentives vary by state and individual circumstances, exploring what’s available where you plan to buy is the first step toward getting into your first home with confidence.
Important to know
The Australian Government’s First Home Guarantee (commonly referred to as the 5% deposit scheme) is subject to strict eligibility criteria set by the Australian Government and participating lenders. Meeting the scheme’s eligibility requirements does not guarantee approval of a home loan.
All loan applications are assessed and approved solely by the lender in accordance with their individual lending policies, credit criteria, and serviceability requirements. Participation in the scheme is limited and places are capped.
Loan Studio brokers will endeavour to assist eligible applicants by providing guidance, advice, and support throughout the application process. However, Loan Studio does not have the authority to approve applications or guarantee loan approval on behalf of any lender or the Australian Government.
Availability of the scheme, eligibility criteria, and lender participation may change at any time without notice.
