Stay informed on the proposed Bank Australia merger - learn more now.

Home Buying: Government schemes and grants

Learn more about the government grants and schemes available to home buyers

Are you a first-home buyer looking to secure your dream home? Explore these options of Government grants and schemes that could help support your home ownership goals.

Please note that Qudos Bank is not a participating lender of the government home buyer schemes and that the information provided on this page is an aide to help get you started. It uses publicly available information and is subject to change. For further details, please reach out to the respective Government agencies listed on this page.

Schemes and grants by state:

Regional First Home Buyer Guarantee (RFHBG)

About the guarantee

This is part of the Home Guarantee Scheme (HGS), and it aims to support Australians living in rural/remote areas to purchase a home with a deposit of as little as 5%.

For more information on how to apply for the scheme, visit the National Housing Finance and Investment Corporation (NHFIC) website.

Available States: VIC, NSW, QLD, SA, WA, NT, TAS, AC

Eligibility Criteria

To apply for the RFHBG, you must be:

  • Applying as an individual or couple (married/de facto)
  • An Australian citizen(s) at the time of entering the loan
  • Earn a salary of up to $125,000 (individuals) or $200,000 (couples) as shown on the Notice of Assessment (issued by the Australian Taxation Office (ATO))
  • Intending to be owner-occupiers of the purchased property (exceptions may be available for Australian Defence Force members)
  • First home buyers who have not previously owned, or had an interest in, a property in Australia

If you’re looking to purchase regionally with the help of this scheme, you (or your spouse if applying as a couple), must have lived in the regional area, or an area adjacent to the purchase, for at least 12 months before the execution of the home loan agreement.

Family Home Guarantee (FHG)

About the guarantee

This Australian scheme supports single parents looking to build a new home or buy an existing home with a deposit of as little as 2%.

To learn more about how to apply, visit the NHFIC website.

Available States: VIC, NSW, QLD, SA, WA, NT, TAS, ACT

Eligibility Criteria

To apply for the FHG, you must be:

  • Applying as an individual
  • A single parent with at least one dependent child (see NHFIC website for single parent guidelines)
  • An Australian citizen at the time they enter the loan
  • A minimum age of 18 years old
  • Earning no more than $125,000 per year
  • Intending to be owner-occupier of the purchased property

Not currently own property (see Previous Home Ownership note on NHFIC website)

First Home Guarantee (FHBG)

About the guarantee

This program is part of the Home Guarantee Scheme (HGS), and this is an initiative that helps support eligible first home buyers to purchase a home with as little as 5% deposit without paying Lenders Mortgage Insurance (LMI).

Find out more about the scheme by visiting the NHFIC website.

Available States: VIC, NSW, QLD, SA, WA, NT, TAS, ACT

Eligibility Criteria

To apply for the FHBG, you’ll need to meet the following criteria:

  • Applying as an individual or couple (married or de facto)
  • Be an Australian citizen(s) at the time of entering the loan
  • Minimum age of 18 years old
  • Earn up to $125,000 (individuals) or $200,000 (couples), as shown on the Notice of Assessment (issued by the ATO)
  • Intending to be owner-occupiers of the purchased property

First home buyers who have not previously owned, or had an interest in, a property in Australia

NSW Shared Equity Home Buyer Helper

About the guarantee

This is a NSW scheme to help support single parents (with dependent children), single people (50 years and over) and first home buyers who are employed as key workers with buying a home.

Key workers include:

  • Nurses
  • Midwives
  • Paramedics
  • Teachers
  • Early Childhood Educators
  • Police Officers

This aims to assist those in NSW who want to purchase a home but would not be approved for a home loan because of their circumstances.

The NSW Government will contribute up to 40% of the purchase price of an eligible property, retaining it as equity for as long as you’re eligible for Shared Equity or until you sell the property.

To learn more about the scheme, visit the Revenue NSW website.

Eligibility Criteria

To apply for the Shared Equity Home Buyer Helper, you’ll need to meet the following criteria:

  • Require the shared equity contribution from the government to be able to buy your home
  • Be able to secure approval for a home loan from a participating lender with the government shared equity initiative
  • Only be able to service a mortgage with the government contribution

Meet all other eligibility criteria (please visit the Revenue NSW website for more information.

NSW First Home Buyer Choice

About the guarantee

This initiative provides assistance with first home buyers purchasing properties for up to $1.5 million the ability to choose to pay an annual property tax instead of transfer duty.

The property tax will only be payable by first home buyers who choose it and will not be applicable to subsequent purchasers of a property.

First home buyers looking to purchase land not exceeding $800,000 on which they intend on building a home will also have the choice of either paying for transfer duty or annual property tax.

Eligibility Criteria

To apply for the NSW First Home Buyer Choice, you’ll need to meet the following criteria:

  • You must be an individual (not a company or trust)*
  • At least 18 years old
  • You, or at least one person you’re buying with, must be an Australian citizen or permanent resident
  • You or your spouse must not have previously:
    • Owned or co-owned residential property in Australia
    • Received a First Home Buyer Grant or duty concessions
  • You must sign the agreement for sale or transfer of land must be signed on or after 11 November 2022 or;
  • An off the plan purchase contract must be signed on or after 11 November 2021 and settlement is on after 11 November 2022

*The Chief Commissioner may waive this prerequisite upon application. Contact Revenue NSW for more information.

Regional First Home Buyer Guarantee (RFHBG)

About the guarantee

This is part of the Home Guarantee Scheme (HGS), and it aims to support Australians living in rural/remote areas to purchase a home with a deposit of as little as 5%.

For more information on how to apply for the scheme, visit the National Housing Finance and Investment Corporation (NHFIC) website.

Available States: VIC, NSW, QLD, SA, WA, NT, TAS, AC

Eligibility Criteria

To apply for the RFHBG, you must be:

  • Applying as an individual or couple (married/de facto)
  • An Australian citizen(s) at the time of entering the loan
  • Earn a salary of up to $125,000 (individuals) or $200,000 (couples) as shown on the Notice of Assessment (issued by the Australian Taxation Office (ATO))
  • Intending to be owner-occupiers of the purchased property (exceptions may be available for Australian Defence Force members)
  • First home buyers who have not previously owned, or had an interest in, a property in Australia

If you’re looking to purchase regionally with the help of this scheme, you (or your spouse if applying as a couple), must have lived in the regional area, or an area adjacent to the purchase, for at least 12 months before the execution of the home loan agreement.

Family Home Guarantee (FHG)

About the guarantee

This Australian scheme supports single parents looking to build a new home or buy an existing home with a deposit of as little as 2%.

To learn more about how to apply, visit the NHFIC website.

Available States: VIC, NSW, QLD, SA, WA, NT, TAS, ACT

Eligibility Criteria

To apply for the FHG, you must be:

  • Applying as an individual
  • A single parent with at least one dependent child (see NHFIC website for single parent guidelines)
  • An Australian citizen at the time they enter the loan
  • A minimum age of 18 years old
  • Earning no more than $125,000 per year
  • Intending to be owner-occupier of the purchased property

Not currently own property (see Previous Home Ownership note on NHFIC website)

First Home Guarantee (FHBG)

About the guarantee

This program is part of the Home Guarantee Scheme (HGS), and this is an initiative that helps support eligible first home buyers to purchase a home with as little as 5% deposit without paying Lenders Mortgage Insurance (LMI).

Find out more about the scheme by visiting the NHFIC website.

Available States: VIC, NSW, QLD, SA, WA, NT, TAS, ACT

Eligibility Criteria

To apply for the FHBG, you’ll need to meet the following criteria:

  • Applying as an individual or couple (married or de facto)
  • Be an Australian citizen(s) at the time of entering the loan
  • Minimum age of 18 years old
  • Earn up to $125,000 (individuals) or $200,000 (couples), as shown on the Notice of Assessment (issued by the ATO)
  • Intending to be owner-occupiers of the purchased property

First home buyers who have not previously owned, or had an interest in, a property in Australia

Victorian Homebuyer Fund

About the guarantee

This initiative is a shared equity scheme meant to help Victorians enter home ownership much easier.

With a 5% deposit, the Victorian Government could make a contribution of up to 25% of the purchase price in exchange for an equivalent share in the property, which could reduce costs associated with the mortgage.

For more information on this initiative, visit the State Revenue Office Victoria website.

Eligibility Criteria

To apply for the Victorian Homebuyer Fund, you’ll need to meet the following criteria:

  • Be an Australian or New Zealand citizen, or a permanent Australian resident
  • Be a minimum age of 18 years old at settlement
  • Have saved the required minimum deposit (at least 5% or 3.5% for Aboriginal and Torres Strait Islander participants) of your property price
  • Earn up to $128,000 (individuals) or up to $204,800 (couples) gross income
  • Occupy the purchased property as your Principal Place of Residence (PPOR)

Meet other eligibility criteria (for more information, visit the State Revenue Office Victoria website).

Regional First Home Buyer Guarantee (RFHBG)

About the guarantee

This is part of the Home Guarantee Scheme (HGS), and it aims to support Australians living in rural/remote areas to purchase a home with a deposit of as little as 5%.

For more information on how to apply for the scheme, visit the National Housing Finance and Investment Corporation (NHFIC) website.

Available States: VIC, NSW, QLD, SA, WA, NT, TAS, AC

Eligibility Criteria

To apply for the RFHBG, you must be:

  • Applying as an individual or couple (married/de facto)
  • An Australian citizen(s) at the time of entering the loan
  • Earn a salary of up to $125,000 (individuals) or $200,000 (couples) as shown on the Notice of Assessment (issued by the Australian Taxation Office (ATO))
  • Intending to be owner-occupiers of the purchased property (exceptions may be available for Australian Defence Force members)
  • First home buyers who have not previously owned, or had an interest in, a property in Australia

If you’re looking to purchase regionally with the help of this scheme, you (or your spouse if applying as a couple), must have lived in the regional area, or an area adjacent to the purchase, for at least 12 months before the execution of the home loan agreement.

Family Home Guarantee (FHG)

About the guarantee

This Australian scheme supports single parents looking to build a new home or buy an existing home with a deposit of as little as 2%.

To learn more about how to apply, visit the NHFIC website.

Available States: VIC, NSW, QLD, SA, WA, NT, TAS, ACT

Eligibility Criteria

To apply for the FHG, you must be:

  • Applying as an individual
  • A single parent with at least one dependent child (see NHFIC website for single parent guidelines)
  • An Australian citizen at the time they enter the loan
  • A minimum age of 18 years old
  • Earning no more than $125,000 per year
  • Intending to be owner-occupier of the purchased property

Not currently own property (see Previous Home Ownership note on NHFIC website)

First Home Guarantee (FHBG)

About the guarantee

This program is part of the Home Guarantee Scheme (HGS), and this is an initiative that helps support eligible first home buyers to purchase a home with as little as 5% deposit without paying Lenders Mortgage Insurance (LMI).

Find out more about the scheme by visiting the NHFIC website.

Available States: VIC, NSW, QLD, SA, WA, NT, TAS, ACT

Eligibility Criteria

To apply for the FHBG, you’ll need to meet the following criteria:

  • Applying as an individual or couple (married or de facto)
  • Be an Australian citizen(s) at the time of entering the loan
  • Minimum age of 18 years old
  • Earn up to $125,000 (individuals) or $200,000 (couples), as shown on the Notice of Assessment (issued by the ATO)
  • Intending to be owner-occupiers of the purchased property

First home buyers who have not previously owned, or had an interest in, a property in Australia

Regional First Home Buyer Guarantee (RFHBG)

About the guarantee

This is part of the Home Guarantee Scheme (HGS), and it aims to support Australians living in rural/remote areas to purchase a home with a deposit of as little as 5%.

For more information on how to apply for the scheme, visit the National Housing Finance and Investment Corporation (NHFIC) website.

Available States: VIC, NSW, QLD, SA, WA, NT, TAS, AC

Eligibility Criteria

To apply for the RFHBG, you must be:

  • Applying as an individual or couple (married/de facto)
  • An Australian citizen(s) at the time of entering the loan
  • Earn a salary of up to $125,000 (individuals) or $200,000 (couples) as shown on the Notice of Assessment (issued by the Australian Taxation Office (ATO))
  • Intending to be owner-occupiers of the purchased property (exceptions may be available for Australian Defence Force members)
  • First home buyers who have not previously owned, or had an interest in, a property in Australia

If you’re looking to purchase regionally with the help of this scheme, you (or your spouse if applying as a couple), must have lived in the regional area, or an area adjacent to the purchase, for at least 12 months before the execution of the home loan agreement.

Family Home Guarantee (FHG)

About the guarantee

This Australian scheme supports single parents looking to build a new home or buy an existing home with a deposit of as little as 2%.

To learn more about how to apply, visit the NHFIC website.

Available States: VIC, NSW, QLD, SA, WA, NT, TAS, ACT

Eligibility Criteria

To apply for the FHG, you must be:

  • Applying as an individual
  • A single parent with at least one dependent child (see NHFIC website for single parent guidelines)
  • An Australian citizen at the time they enter the loan
  • A minimum age of 18 years old
  • Earning no more than $125,000 per year
  • Intending to be owner-occupier of the purchased property

Not currently own property (see Previous Home Ownership note on NHFIC website)

First Home Guarantee (FHBG)

About the guarantee

This program is part of the Home Guarantee Scheme (HGS), and this is an initiative that helps support eligible first home buyers to purchase a home with as little as 5% deposit without paying Lenders Mortgage Insurance (LMI).

Find out more about the scheme by visiting the NHFIC website.

Available States: VIC, NSW, QLD, SA, WA, NT, TAS, ACT

Eligibility Criteria

To apply for the FHBG, you’ll need to meet the following criteria:

  • Applying as an individual or couple (married or de facto)
  • Be an Australian citizen(s) at the time of entering the loan
  • Minimum age of 18 years old
  • Earn up to $125,000 (individuals) or $200,000 (couples), as shown on the Notice of Assessment (issued by the ATO)
  • Intending to be owner-occupiers of the purchased property

First home buyers who have not previously owned, or had an interest in, a property in Australia

Regional First Home Buyer Guarantee (RFHBG)

About the guarantee

This is part of the Home Guarantee Scheme (HGS), and it aims to support Australians living in rural/remote areas to purchase a home with a deposit of as little as 5%.

For more information on how to apply for the scheme, visit the National Housing Finance and Investment Corporation (NHFIC) website.

Available States: VIC, NSW, QLD, SA, WA, NT, TAS, AC

Eligibility Criteria

To apply for the RFHBG, you must be:

  • Applying as an individual or couple (married/de facto)
  • An Australian citizen(s) at the time of entering the loan
  • Earn a salary of up to $125,000 (individuals) or $200,000 (couples) as shown on the Notice of Assessment (issued by the Australian Taxation Office (ATO))
  • Intending to be owner-occupiers of the purchased property (exceptions may be available for Australian Defence Force members)
  • First home buyers who have not previously owned, or had an interest in, a property in Australia

If you’re looking to purchase regionally with the help of this scheme, you (or your spouse if applying as a couple), must have lived in the regional area, or an area adjacent to the purchase, for at least 12 months before the execution of the home loan agreement.

Family Home Guarantee (FHG)

About the guarantee

This Australian scheme supports single parents looking to build a new home or buy an existing home with a deposit of as little as 2%.

To learn more about how to apply, visit the NHFIC website.

Available States: VIC, NSW, QLD, SA, WA, NT, TAS, ACT

Eligibility Criteria

To apply for the FHG, you must be:

  • Applying as an individual
  • A single parent with at least one dependent child (see NHFIC website for single parent guidelines)
  • An Australian citizen at the time they enter the loan
  • A minimum age of 18 years old
  • Earning no more than $125,000 per year
  • Intending to be owner-occupier of the purchased property

Not currently own property (see Previous Home Ownership note on NHFIC website)

First Home Guarantee (FHBG)

About the guarantee

This program is part of the Home Guarantee Scheme (HGS), and this is an initiative that helps support eligible first home buyers to purchase a home with as little as 5% deposit without paying Lenders Mortgage Insurance (LMI).

Find out more about the scheme by visiting the NHFIC website.

Available States: VIC, NSW, QLD, SA, WA, NT, TAS, ACT

Eligibility Criteria

To apply for the FHBG, you’ll need to meet the following criteria:

  • Applying as an individual or couple (married or de facto)
  • Be an Australian citizen(s) at the time of entering the loan
  • Minimum age of 18 years old
  • Earn up to $125,000 (individuals) or $200,000 (couples), as shown on the Notice of Assessment (issued by the ATO)
  • Intending to be owner-occupiers of the purchased property

First home buyers who have not previously owned, or had an interest in, a property in Australia

Regional First Home Buyer Guarantee (RFHBG)

About the guarantee

This is part of the Home Guarantee Scheme (HGS), and it aims to support Australians living in rural/remote areas to purchase a home with a deposit of as little as 5%.

For more information on how to apply for the scheme, visit the National Housing Finance and Investment Corporation (NHFIC) website.

Available States: VIC, NSW, QLD, SA, WA, NT, TAS, AC

Eligibility Criteria

To apply for the RFHBG, you must be:

  • Applying as an individual or couple (married/de facto)
  • An Australian citizen(s) at the time of entering the loan
  • Earn a salary of up to $125,000 (individuals) or $200,000 (couples) as shown on the Notice of Assessment (issued by the Australian Taxation Office (ATO))
  • Intending to be owner-occupiers of the purchased property (exceptions may be available for Australian Defence Force members)
  • First home buyers who have not previously owned, or had an interest in, a property in Australia

If you’re looking to purchase regionally with the help of this scheme, you (or your spouse if applying as a couple), must have lived in the regional area, or an area adjacent to the purchase, for at least 12 months before the execution of the home loan agreement.

Family Home Guarantee (FHG)

About the guarantee

This Australian scheme supports single parents looking to build a new home or buy an existing home with a deposit of as little as 2%.

To learn more about how to apply, visit the NHFIC website.

Available States: VIC, NSW, QLD, SA, WA, NT, TAS, ACT

Eligibility Criteria

To apply for the FHG, you must be:

  • Applying as an individual
  • A single parent with at least one dependent child (see NHFIC website for single parent guidelines)
  • An Australian citizen at the time they enter the loan
  • A minimum age of 18 years old
  • Earning no more than $125,000 per year
  • Intending to be owner-occupier of the purchased property

Not currently own property (see Previous Home Ownership note on NHFIC website)

First Home Guarantee (FHBG)

About the guarantee

This program is part of the Home Guarantee Scheme (HGS), and this is an initiative that helps support eligible first home buyers to purchase a home with as little as 5% deposit without paying Lenders Mortgage Insurance (LMI).

Find out more about the scheme by visiting the NHFIC website.

Available States: VIC, NSW, QLD, SA, WA, NT, TAS, ACT

Eligibility Criteria

To apply for the FHBG, you’ll need to meet the following criteria:

  • Applying as an individual or couple (married or de facto)
  • Be an Australian citizen(s) at the time of entering the loan
  • Minimum age of 18 years old
  • Earn up to $125,000 (individuals) or $200,000 (couples), as shown on the Notice of Assessment (issued by the ATO)
  • Intending to be owner-occupiers of the purchased property

First home buyers who have not previously owned, or had an interest in, a property in Australia

Regional First Home Buyer Guarantee (RFHBG)

About the guarantee

This is part of the Home Guarantee Scheme (HGS), and it aims to support Australians living in rural/remote areas to purchase a home with a deposit of as little as 5%.

For more information on how to apply for the scheme, visit the National Housing Finance and Investment Corporation (NHFIC) website.

Available States: VIC, NSW, QLD, SA, WA, NT, TAS, AC

Eligibility Criteria

To apply for the RFHBG, you must be:

  • Applying as an individual or couple (married/de facto)
  • An Australian citizen(s) at the time of entering the loan
  • Earn a salary of up to $125,000 (individuals) or $200,000 (couples) as shown on the Notice of Assessment (issued by the Australian Taxation Office (ATO))
  • Intending to be owner-occupiers of the purchased property (exceptions may be available for Australian Defence Force members)
  • First home buyers who have not previously owned, or had an interest in, a property in Australia

If you’re looking to purchase regionally with the help of this scheme, you (or your spouse if applying as a couple), must have lived in the regional area, or an area adjacent to the purchase, for at least 12 months before the execution of the home loan agreement.

Family Home Guarantee (FHG)

About the guarantee

This Australian scheme supports single parents looking to build a new home or buy an existing home with a deposit of as little as 2%.

To learn more about how to apply, visit the NHFIC website.

Available States: VIC, NSW, QLD, SA, WA, NT, TAS, ACT

Eligibility Criteria

To apply for the FHG, you must be:

  • Applying as an individual
  • A single parent with at least one dependent child (see NHFIC website for single parent guidelines)
  • An Australian citizen at the time they enter the loan
  • A minimum age of 18 years old
  • Earning no more than $125,000 per year
  • Intending to be owner-occupier of the purchased property

Not currently own property (see Previous Home Ownership note on NHFIC website)

First Home Guarantee (FHBG)

About the guarantee

This program is part of the Home Guarantee Scheme (HGS), and this is an initiative that helps support eligible first home buyers to purchase a home with as little as 5% deposit without paying Lenders Mortgage Insurance (LMI).

Find out more about the scheme by visiting the NHFIC website.

Available States: VIC, NSW, QLD, SA, WA, NT, TAS, ACT

Eligibility Criteria

To apply for the FHBG, you’ll need to meet the following criteria:

  • Applying as an individual or couple (married or de facto)
  • Be an Australian citizen(s) at the time of entering the loan
  • Minimum age of 18 years old
  • Earn up to $125,000 (individuals) or $200,000 (couples), as shown on the Notice of Assessment (issued by the ATO)
  • Intending to be owner-occupiers of the purchased property

First home buyers who have not previously owned, or had an interest in, a property in Australia

Regional First Home Buyer Guarantee (RFHBG)

About the guarantee

This is part of the Home Guarantee Scheme (HGS), and it aims to support Australians living in rural/remote areas to purchase a home with a deposit of as little as 5%.

For more information on how to apply for the scheme, visit the National Housing Finance and Investment Corporation (NHFIC) website.

Available States: VIC, NSW, QLD, SA, WA, NT, TAS, AC

Eligibility Criteria

To apply for the RFHBG, you must be:

  • Applying as an individual or couple (married/de facto)
  • An Australian citizen(s) at the time of entering the loan
  • Earn a salary of up to $125,000 (individuals) or $200,000 (couples) as shown on the Notice of Assessment (issued by the Australian Taxation Office (ATO))
  • Intending to be owner-occupiers of the purchased property (exceptions may be available for Australian Defence Force members)
  • First home buyers who have not previously owned, or had an interest in, a property in Australia

If you’re looking to purchase regionally with the help of this scheme, you (or your spouse if applying as a couple), must have lived in the regional area, or an area adjacent to the purchase, for at least 12 months before the execution of the home loan agreement.

Family Home Guarantee (FHG)

About the guarantee

This Australian scheme supports single parents looking to build a new home or buy an existing home with a deposit of as little as 2%.

To learn more about how to apply, visit the NHFIC website.

Available States: VIC, NSW, QLD, SA, WA, NT, TAS, ACT

Eligibility Criteria

To apply for the FHG, you must be:

  • Applying as an individual
  • A single parent with at least one dependent child (see NHFIC website for single parent guidelines)
  • An Australian citizen at the time they enter the loan
  • A minimum age of 18 years old
  • Earning no more than $125,000 per year
  • Intending to be owner-occupier of the purchased property

Not currently own property (see Previous Home Ownership note on NHFIC website)

First Home Guarantee (FHBG)

About the guarantee

This program is part of the Home Guarantee Scheme (HGS), and this is an initiative that helps support eligible first home buyers to purchase a home with as little as 5% deposit without paying Lenders Mortgage Insurance (LMI).

Find out more about the scheme by visiting the NHFIC website.

Available States: VIC, NSW, QLD, SA, WA, NT, TAS, ACT

Eligibility Criteria

To apply for the FHBG, you’ll need to meet the following criteria:

  • Applying as an individual or couple (married or de facto)
  • Be an Australian citizen(s) at the time of entering the loan
  • Minimum age of 18 years old
  • Earn up to $125,000 (individuals) or $200,000 (couples), as shown on the Notice of Assessment (issued by the ATO)
  • Intending to be owner-occupiers of the purchased property

First home buyers who have not previously owned, or had an interest in, a property in Australia

FAQs

What are the benefits of applying for a government home buyer scheme?

Applying for a government home buyer scheme could help you purchase a home sooner, especially if you’re on a single income and looking to enter the property market. It’s also great if you don’t have a big deposit and may not meet the eligibility requirements for a typical home loan with a bank. Depending on the scheme you apply for, you may be able to save on major costs such as stamp duty when getting a home loan.

It is possible that government home buyer schemes and grants could impact the current property market due to increased demand. However, the main objective of these is to help you get a home loan sooner, while also minimising associated costs.

Why would you apply for a government home buyer scheme?

You could reduce the cost of your mortgage if you meet the eligibility criteria for any of the government buyer schemes listed. We understand the challenges people face, especially those who are single income earners with dependents, so applying for a government home buyer scheme could be a way for you to get approved for a home loan and enter the property market sooner.

Can I apply for more than one government grant and scheme?

Yes, you can, as long as you meet the eligibility criteria. As an eligible first-home buyer, you could technically apply for and meet the requirements for the First Home Owners Grant (FHOG) and the First Home Guarantee, without paying for stamp duty.

Please note that each government grant and scheme has limited places available and varying timelines during the application process. It’s important to carefully assess whether you meet the eligibility criteria before applying.

How do I apply for these government grants/schemes?

Generally, you can apply for a home loan with a participating bank, and they’ll assist you with the application for the relevant grant/scheme. Once you’ve been conditionally approved, they’ll work with you on collecting the relevant documents required for your eligibility. However, each program has slightly different requirements so it’s best to check if you meet these before .

Prior to submitting your application for any of the government grants/schemes, we encourage you to speak with your bank or mortgage broker on how this will impact your home loan.

How can we help?