Grants & Schemes
Learn about some of the grants and schemes provided by Australian Government to help home buyers.
Family Home Guarantee
The Family Home Guarantee is part of the Home Guarantee Scheme, an Australian Government initiative that helps home buyers to buy a home sooner.
The Family Home Guarantee supports single parents or single legal guardians of one or more dependent children to buy a home. You need to have saved a minimum deposit of 2% of the Property Value and meet other eligibility criteria.
Housing Australia provides a Guarantee to the Participating Lender to enable you to borrow up to 98% of the Property Value. For the Family Home Guarantee, this is up to 18% of the Property Value.
To assist you in navigating both your loan and scheme placement, make a booking online today.
First Home Buyers Guarantee
First Home Buyers Guarantee Website
The First Home Guarantee is part of the Home Guarantee Scheme, an Australian Government initiative that helps home buyers to buy a home sooner.
The First Home Guarantee supports home buyers who have saved a minimum deposit of 5% of the Property Value, and meet other eligibility criteria, to buy a home. Housing Australia provides a Guarantee to the Participating Lender to enable you to borrow up to 95% of the Property Value. For the First Home Guarantee, this is up to 15% of the Property Value.
To assist you in navigating both your loan and scheme placement, make a booking online today.
First Home Super Saver Scheme
First Home Super Saver Scheme ATO page
From 1 July 2017, you can make voluntary concessional (before-tax) and voluntary non-concessional (after-tax) contributions into your super fund to save for your first home.
From 1 July 2018, you can then apply to release your voluntary contributions, along with associated earnings, to help you purchase your first home. You must meet the eligibility requirements to apply for the release of these amounts.
You can use this scheme if you are a first home buyer and both of the following apply:
- You either live in the premises you are buying or intend to as soon as practicable.
- You intend to live in the property for at least six months within the first 12 months you own it, after it is practical to move in.
You can apply to have a maximum of $15,000 of your voluntary contributions from any one financial year included in your eligible contributions to be released under the FHSS scheme, up to a total of $30,000 contributions across all years.
Who is eligible?
You can start making super contributions from any age. However, you must be 18 years old or older to request a determination or a release of amounts under the FHSS scheme.
Also, you must have:
- never owned property in Australia – this includes an investment property, vacant land, commercial property, a lease of land in Australia, or a company title interest in land in Australia (unless the Commissioner of Taxation determines that you have suffered a financial hardship)
- not previously requested the Commissioner to issue a FHSS release authority in relation to the scheme.
Eligibility is assessed on an individual basis. This means that couples, siblings or friends can each access their own eligible FHSS contributions to purchase the same property. If any of you have previously owned a home, it will not stop anyone else who is eligible from applying.
First Home Owners Grant
First Home Owners Grant Website
The First Home Owner Grant (FHOG) scheme was introduced on 1 July 2000 to offset the effect of the GST on home ownership. It is a national scheme funded by the states and territories and administered under their own legislation.
Under the scheme, a one-off grant is payable to first homeowners who satisfy all the eligibility criteria.
State-specific Information
To see if you are eligible or to obtain more information about the First Home Owner Grant, please select the state or territory in which you intend to purchase your home.
Stamp Duty Exemptions
First Home Owner Rate of Duty
When a home buyer is eligible for the First Home Owner Grant, a concessional rate of transfer duty will apply if the value of the dutiable property is below certain thresholds.
State-specific Information
To see if you are eligible or to obtain more information about the First Home Owner Rate of Duty, please select the state or territory in which you intend to purchase your home.