First Home Super Saver Scheme
The First Home Super Saver Scheme allows first-home buyers to make up to $30,000 in voluntary contributions to their superannuation to save for a home, with a limit of $15,000 per financial year.
Voluntary contributions are taxed at a lower rate compared to income, allowing first-home buyers to save money faster. Applicants are also entitled to access any earnings on their extra contributions.
The scheme applies to all Australian first-home buyers, but there are additional grants and schemes available in each state.
5% Deposit no LMI
The First Home Guarantee (FHBG) is part of the Home Guarantee Scheme (HGS), an Australian Government initiative to support eligible home buyers to buy a home sooner. It is administered by the National Housing Finance and Investment Corporation (NHFIC) on behalf of the Australian Government.
Under the FHBG, part of an eligible home buyer’s home loan from a Participating Lender is guaranteed by NHFIC. This enables an eligible home buyer to buy a home with as little as 5% deposit without paying Lenders Mortgage Insurance.
For the FHBG, any Guarantee of a home loan is for up to a maximum amount of 15% of the value of the property (as assessed by the Participating Lender). This Guarantee is not a cash payment or a deposit for a home loan. Eligibility criteria apply.
Refinance
Small changes, big rewards. Never underestimate the impact that a strategic refinance could have on your life.
Access your equity – Leverage your investment and use the equity your house has gained over the years.
Lower your monthly payment – become a savvy homeowner and free up cash by refinancing to a lower rate.
Debt Consolidation – improve your cash flow via debt consolidation.
What's available in your state?
NSW first home buyer grants, schemes, incentives and discounts
- No stamp duty on new properties under $800,000, existing properties under $800,000, or vacant land under $350,000.
- Discounted stamp duty on new properties between $800,000 and $1,000,000, existing between $800,000-$1,000,000, or vacant land between $350,000-$450,000.
- $10,000 grantwhen purchasing new properties under $600,000 and owner-builder/building contracts worth under $750,000.
- Use the First Home Buyers Assistance calculator to work out how much stamp duty you’ll pay.
Victoria first home buyer grants, schemes, incentives and discounts
- No stamp duty on properties under $600,000.
- Discounted stamp duty on properties between $600,000-$750,000.
- Discounted stamp duty off-the-plan propertiesunder $1,000,000
- $10,000 grant for new properties under $750,000.
Queensland first home buyer grants, schemes, incentives and discounts
- No stamp duty on property under $500,000, or vacant land under $250,000.
- Discounted stamp duty on properties under $549,999, or vacant land under $399,999.
- $15,000 grant for new properties under $750,000.
ACT first home buyer grants, schemes, incentives and discounts
- No stamp duty on properties under $600,000.
- Discounted stamp duty on properties between $600,000-$750,000.
- Discounted stamp duty off-the-plan propertiesunder $1,000,000
- $10,000 grant for new properties under $750,000.
South Australia first home buyer grants, schemes, incentives and discounts
- All first-home buyers pay some stamp duty.
- No stamp duty on new properties under $650,000, or vacant land under $400,000.
- Discounted stamp duty for new properties between $650,000-$700,000,or vacant land between $400,000-$450,000.
- Varying amount available to FHBs on new-built or established properties (post-June 2014).
- $15,000 grant on the purchase or construction of a new residential properties under $650,000.
Western Australia first home buyer grants, schemes, incentives and discounts
- No stamp duty on properties under $430,000 or vacant land under $300,000.
- Discounted stamp duty on property between $430,000-$530,000, or vacant land between $300,000-$400,000.
- $10,000 grant when buying land & building up to $750,000, south of the 26th parallel.
- $10,000 grant when buying land & building up to $1,000,000, north of the 26th parallel.
Tasmania first home buyer grants, schemes, incentives and discounts
- Full stamp duty applies.
- $30,000 grant for new properties of any value.
Northern Territory first home buyer grants, schemes, incentives and discounts
- Household Goods Grant of up to $2,000 available.
- No stamp duty for those who buy a house and land package from a building contractor.
- $10,000 grant for new properties of any value, subject to eligibility.
First home owner grant comparison | |||
State | First home property type | First home grant amount | Grant conditions |
NSW | New property | $10,000 | Under $600,000 |
Owner-builder/building contract | $10,000 | Under $750,000 | |
VIC | New property | $10,000 | Under $750,000 |
QLD | New property | $15,000 | Under $750,000 |
ACT | New property | $7500 | Any value |
WA | New property | $10,000 | Under $750,000 for properties south of the 26th parallel |
New property | $10,000 | Under $1,000,000 for properties north of the 26th parallel | |
SA | New property | $15,000 | Under $575,000 |
TAS | New property | $20,000 | Any value |
NT | New property | $10,000 | Subject to eligibility |