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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.
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
To apply for the RFHBG, you must be:
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.
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
To apply for the FHG, you must be:
Not currently own property (see Previous Home Ownership note on NHFIC website)
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
To apply for the FHBG, you’ll need to meet the following criteria:
First home buyers who have not previously owned, or had an interest in, a property in Australia
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:
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.
To apply for the Shared Equity Home Buyer Helper, you’ll need to meet the following criteria:
Meet all other eligibility criteria (please visit the Revenue NSW website for more information.
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.
To apply for the NSW First Home Buyer Choice, you’ll need to meet the following criteria:
*The Chief Commissioner may waive this prerequisite upon application. Contact Revenue NSW for more information.
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
To apply for the RFHBG, you must be:
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.
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
To apply for the FHG, you must be:
Not currently own property (see Previous Home Ownership note on NHFIC website)
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
To apply for the FHBG, you’ll need to meet the following criteria:
First home buyers who have not previously owned, or had an interest in, a property in Australia
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.
To apply for the Victorian Homebuyer Fund, you’ll need to meet the following criteria:
Meet other eligibility criteria (for more information, visit the State Revenue Office Victoria website).
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
To apply for the RFHBG, you must be:
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.
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
To apply for the FHG, you must be:
Not currently own property (see Previous Home Ownership note on NHFIC website)
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
To apply for the FHBG, you’ll need to meet the following criteria:
First home buyers who have not previously owned, or had an interest in, a property in Australia
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
To apply for the RFHBG, you must be:
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.
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
To apply for the FHG, you must be:
Not currently own property (see Previous Home Ownership note on NHFIC website)
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
To apply for the FHBG, you’ll need to meet the following criteria:
First home buyers who have not previously owned, or had an interest in, a property in Australia
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
To apply for the RFHBG, you must be:
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.
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
To apply for the FHG, you must be:
Not currently own property (see Previous Home Ownership note on NHFIC website)
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
To apply for the FHBG, you’ll need to meet the following criteria:
First home buyers who have not previously owned, or had an interest in, a property in Australia
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
To apply for the RFHBG, you must be:
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.
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
To apply for the FHG, you must be:
Not currently own property (see Previous Home Ownership note on NHFIC website)
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
To apply for the FHBG, you’ll need to meet the following criteria:
First home buyers who have not previously owned, or had an interest in, a property in Australia
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
To apply for the RFHBG, you must be:
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.
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
To apply for the FHG, you must be:
Not currently own property (see Previous Home Ownership note on NHFIC website)
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
To apply for the FHBG, you’ll need to meet the following criteria:
First home buyers who have not previously owned, or had an interest in, a property in Australia
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
To apply for the RFHBG, you must be:
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.
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
To apply for the FHG, you must be:
Not currently own property (see Previous Home Ownership note on NHFIC website)
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
To apply for the FHBG, you’ll need to meet the following criteria:
First home buyers who have not previously owned, or had an interest in, a property in Australia
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.
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.
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.
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.
The information is current as of 15 March 2023 and is subject to change without notice. Please note that Qudos Bank is not a participating lender of the government home buyer schemes and that the information provided is for educational purposes only.
Qudos Mutual Limited trading as Qudos Bank ABN 53 087 650 557 AFSL/Australian Credit Licence 238 305. The information on this page is of a general nature and has been prepared without considering your objectives, financial situation or needs. Before acting on the information, consider its appropriateness to your circumstances.
Normal lending criteria, terms and conditions and fees and charges apply. Mortgage insurance is required for home loans over 80% and is subject to approval.
You should read and consider the relevant terms and conditions (available on request) and our Financial Services Guide before deciding whether to obtain any of our financial products or services.
We acknowledge the Traditional Owners of the lands on which we operate and pay our respects to Elders past and present, and to emerging community leaders. We also acknowledge the important role Aboriginal and Torres Strait Islander peoples continue to play within the communities in which Qudos Bank operates and where our team members reside.
