First home buyers

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Get the right loan for your first home

With government grants available and some of the lowest interest rates in history, you might be closer to owning a home than you think!

Select your state to see what’s available

Grant/Scheme	Details	Value
First Home Loan Deposit Scheme (FHLDS)	Buy with a 5% deposit No lenders mortgage insurance required (LMI). 10,000 allocations each financial year	Insurance savings depend on the value of your property.
First Home Owner Grant (New Homes)	New homes or substantially renovated homes ≤$600,000 New builds: combined home + land value $≤750,000	$10,000
First Home Buyer Assistance Scheme (FHBAS)	New homes Stamp duty exemption ≤$800,000. Stamp duty reduction $800,000 - $1 million. Established homes Stamp duty exemption ≤$650,000. Stamp duty reduction $650,000 - $800,000. Vacant land Stamp duty exemption ≤$400,000. Stamp duty reduction $400,000 - $500,000.	Tax savings depend on the value of your property.
Maximum total support available ($)	Scheme eligibility may be subject to income caps, property value & other criteria.	$10,000 + tax and insurance savings.

Grant/Scheme	Details	Value
First Home Loan Deposit Scheme (FHLDS)	Buy with a 5% deposit No lenders mortgage insurance required (LMI). 10,000 allocations each financial year	Insurance savings depend on the value of your property.
Stamp duty exemptions	All property types at any price You must have a household income below ≤$160,000.	Tax savings depend on the value of your property.
Maximum total support available ($)	Scheme eligibility may be subject to income caps, property value & other criteria.	Tax and insurance savings depend on the value of your property.

Grant/Scheme	Details	Value
First Home Loan Deposit Scheme (FHLDS)	Buy with a 5% deposit No lenders mortgage insurance required (LMI). 10,000 allocations each financial year	Insurance savings depend on the value of your property.
First Home Owner Grant	New apartments, houses and townhouses ≤$750,000.	$10,000 Melbourne $20,000 Regional Victoria
Stamp duty savings	New and established homes Stamp duty exemption ≤$600,000. Stamp duty reduction $600,000 - $750,000.	Tax savings depend on the value of your property.
Maximum total support available ($)	Scheme eligibility may be subject to income caps, property value & other criteria.	$20,000 + tax and insurance savings.

Grant/Scheme

Details

Value

First Home Loan Deposit Scheme (FHLDS)

Buy with a 5% deposit
No lenders mortgage insurance required (LMI).
10,000 allocations each financial year

Insurance savings depend on the value of your property.

First Home Owner Grant

New homes off the plan, new builds or substantially renovated homes ≤$575,000.

$15,000

Maximum total support available ($)

Scheme eligibility may be subject to income caps, property value & other criteria.

$15,000

+ insurance savings.

Grant/Scheme	Details	Value
First Home Loan Deposit Scheme (FHLDS)	Buy with a 5% deposit No lenders mortgage insurance required (LMI). 10,000 allocations each financial year	Insurance savings depend on the value of your property.
First Home Owner Grant	New homes off the plan & new builds up to any value.	$20,000
Stamp duty savings	Established homes 50% discount when you buy a home valued <$500,000.	Tax savings depend on the value of your property.
Maximum total support available ($)	Scheme eligibility may be subject to income caps, property value & other criteria.	$20,000 + tax and insurance savings.

Grant/Scheme	Details	Value
First Home Loan Deposit Scheme (FHLDS)	Buy with a 5% deposit No lenders mortgage insurance required (LMI). 10,000 allocations each financial year	Insurance savings depend on the value of your property.
First Home Owner Grant	New homes off the plan, new builds or substantially renovated homes ≤$750,000.	$15,000
Stamp duty savings	Vacant land Stamp duty exemption ≤$400,000. New and existing homes Stamp duty exemption ≤$500,000. Stamp duty reduction $500,000 - $550,000.	Tax savings depend on the value of your property.
Maximum total support available ($)	Scheme eligibility may be subject to income caps, property value & other criteria.	$15,000 + tax and insurance savings.

Grant/Scheme

Details

Value

First Home Loan Deposit Scheme (FHLDS)

Buy with a 5% deposit
No lenders mortgage insurance required (LMI).
10,000 allocations each financial year

Insurance savings depend on the value of your property.

First Home Owner Grant

New homes off the plan & new builds up to any value.

$10,000

Maximum total support available ($)

Scheme eligibility may be subject to income caps, property value & other criteria.

$10,000

+ insurance savings.

Grant/Scheme	Details	Value
First Home Owner Grant	For new homes only South of 26th parallel: home value ≤ $750K North of 26th parallel: home value ≤ $1 million	$10,000
Home Buyers Assistance Account Reimburse some costs associated with the purchase of your first home including mortgage registration fees, solicitor and/or conveyancing fees, valuation fees, inspection fees, mortgage insurance premiums and lender fees.	Property value ≤ $400,000	≤ $2,000
First Home Loan Deposit Scheme (FHLDS)	Buy with a 5% deposit 10,000 allocations each financial year	Insurance savings depend on the value of your property.
Stamp Duty Exemptions	Vacant land purchase to the value of ≤ $300K = pay no stamp duty, $300-$400K = reduced stamp duty. House purchase to the value of ≤ $430K = pay no stamp duty, $430K - $530K = reduced stamp duty.	Tax savings depend on the value of your property.
Total grants/discounts available ($)	Scheme eligibility may be subject to income caps, property value & other criteria.	≤ $12,000 + tax and insurance savings.

Select your state to see what’s available

NSW - Grant/Scheme
Buy with a 5% deposit No lenders mortgage insurance required (LMI). 10,000 allocations each financial year Value: Insurance savings depend on the value of your property.
New homes or substantially renovated homes ≤$600,000 New builds: combined home + land value $≤750,000 Value: $10,000
New homes Stamp duty exemption ≤$800,000. Stamp duty reduction $800,000 - $1 million. Established homes Stamp duty exemption ≤$650,000. Stamp duty reduction $650,000 - $800,000. Vacant land Stamp duty exemption ≤$400,000. Stamp duty reduction $400,000 - $500,000. Value: Tax savings depend on the value of your property.
Maximum total support available ($) $10,000 + tax and insurance savings. Scheme eligibility may be subject to income caps, property value & other criteria.

ACT - Grant/Scheme

Buy with a 5% deposit
No lenders mortgage insurance required (LMI).
10,000 allocations each financial year

Value:

Insurance savings depend on the value of your property.

All property types at any price
You must have a household income below ≤$160,000.

Value:

Tax savings depend on the value of your property.

Maximum total support available ($)

Tax and insurance savings depend on the value of your property.

Scheme eligibility may be subject to income caps, property value & other criteria.

VIC - Grant/Scheme
Buy with a 5% deposit No lenders mortgage insurance required (LMI). 10,000 allocations each financial year Value: Insurance savings depend on the value of your property.
New apartments, houses and townhouses ≤$750,000. Value: $10,000 Melbourne $20,000 Regional Victoria
New and established homes Stamp duty exemption ≤$600,000. Stamp duty reduction $600,000 - $750,000. Value: Tax savings depend on the value of your property.
Maximum total support available ($) $20,000 + tax and insurance savings. Scheme eligibility may be subject to income caps, property value & other criteria.

SA - Grant/Scheme

Buy with a 5% deposit
No lenders mortgage insurance required (LMI).
10,000 allocations each financial year

Value:

Insurance savings depend on the value of your property.

New homes off the plan, new builds or substantially renovated homes ≤$575,000.

Value:

$15,000

Maximum total support available ($)

$15,000

+ insurance savings.

Scheme eligibility may be subject to income caps, property value & other criteria.

TAS - Grant/Scheme
Buy with a 5% deposit No lenders mortgage insurance required (LMI). 10,000 allocations each financial year Value: Insurance savings depend on the value of your property.
New homes off the plan & new builds up to any value. Value: $20,000
Established homes 50% discount when you buy a home valued <$500,000. Value: Tax savings depend on the value of your property.
Maximum total support available ($) $20,000 + tax and insurance savings. Scheme eligibility may be subject to income caps, property value & other criteria.

QLD - Grant/Scheme
Buy with a 5% deposit No lenders mortgage insurance required (LMI). 10,000 allocations each financial year Value: Insurance savings depend on the value of your property.
New homes off the plan, new builds or substantially renovated homes ≤$750,000. Value: $15,000
Vacant land Stamp duty exemption ≤$400,000. New and existing homes Stamp duty exemption ≤$500,000. Stamp duty reduction $500,000 - $550,000. Value: Tax savings depend on the value of your property.
Maximum total support available ($) $15,000 + tax and insurance savings. Scheme eligibility may be subject to income caps, property value & other criteria.

NT - Grant/Scheme

Buy with a 5% deposit
No lenders mortgage insurance required (LMI).
10,000 allocations each financial year

Value:

Insurance savings depend on the value of your property.

New homes off the plan & new builds up to any value.

Value:

$10,000

Maximum total support available ($)

$10,000

+ insurance savings.

Scheme eligibility may be subject to income caps, property value & other criteria.

WA - Grant/Scheme
For new homes only South of 26th parallel: home value ≤ $750K North of 26th parallel: home value ≤ $1 million Value: $10,000
Property value ≤ $400,000 Value: ≤ $2,000
Buy with a 5% deposit 10,000 allocations each financial year Value: Insurance savings depend on the value of your property.
Vacant land purchase to the value of ≤ $300K = pay no stamp duty, $300-$400K = reduced stamp duty. House purchase to the value of ≤ $430K = pay no stamp duty, $430K - $530K = reduced stamp duty. Value: Tax savings depend on the value of your property.
Total grants/discounts available ($) ≤ $12,000 + tax and insurance savings. Scheme eligibility may be subject to income caps, property value & other criteria.

How much deposit do I need?

If you qualify for the First Home Loan Deposit Scheme, you could buy for as little as 5% deposit. That’s only $25,000 for a $500,000 home, or $40,000 for a $800,000 home!

See how we’ve helped first home buyers make their own nests

Kate and Tim were long-term renters with three children. They wanted to buy their first home but were nervous about the process and didn’t know where to start.

With their broker Emma, they discussed loan options for both established and new properties as well as the first home buyer support they were eligible to receive. With Emma’s help, they decided to build their own home, receiving the $25,000 Home Builder and $15,000 First Home Owner Grants. Emma found the family a loan package that allowed them to take advantage of low fixed rates once construction was complete, with a portion of the loan on a variable rate with an offset account, which will allow them to make additional repayments and pay off their loan faster.

They are now in the process of building their dream home!

Client names have been changed for privacy.

“Emma always presented herself as a confident, friendly professional. She is very welcoming and easy to work with, I think that is the secret of her success in business.”

Tim

Nectar broker: Emma Powell – QLD

Nectar helped me to get my first home owner grant

Adam and Kerry wanted to build their first home with a house and land package but had trouble with the banks because Kerry was on JobKeeper payments and had used early access to her superannuation. Their broker Phil helped them get approved for a construction loan by submitting to multiple lenders and using the $15,000 First Home Buyer grants as well as a cash-gift from a relative to help with the deposit. Once the build is complete, they will be able to claim the $25,000 HomeBuilder grant and the couple could not be happier!

Client names have been changed for privacy.

“Phil never gave up on us with our journey in getting our home loan. He did all the hard work and thank you is not enough.”

Adam

Nectar broker: Phil McLaughlin - QLD

Top 6

benefits of using a
Nectar broker

Qualifying you for first home owner schemes and helping you apply.

Help preparing all of your required loan documentation.

Going to over 30 lenders to find you the right loan.

Getting you fully-assessed pre-approval, so you can house-hunt with confidence.

Manage all communications with your lender and keeping you updated every step of the way.

Care for you for the life of your loan, making you aware of opportunities to get a better rate.

First home loan basics

Nectar has a streamlined approach to getting you the right loan, where we do all the heavy lifting for you. Find out what you can expect when applying for your first loan by downloading the guide below.

Download

Below is the list of documents that most lenders will ask for:
Standard documents

Passport
Bank statements for the last six months as proof of savings
Your most recent credit card statement
Proof of income; either:
Two consecutive payslips showing year-to-date earnings OR
A letter from your employer confirming your salary, your last Group Certificate and your last Tax Assessment Notice

If you’re self employed

To verify your proof of income you will usually need to supply:

Your latest Tax Assessment Notice
Personal Income Tax Returns for the last two years
Tax returns and accounts for the last two years

To know how much you should offer, you need to ask yourself three questions:

How much can you afford to borrow?
How much is the property worth?
How much are you willing to pay to make sure you own this home?

To find out how much your repayments would increase if you raise your offer, download our offer guide below.

Aside from your personal savings, a deposit can come from a few different sources:

Using a family guarantor to secure the loan can reduce the deposit required.
A financial gift.
Many lenders will accept a First Home Owner Grant as part of a deposit.
First home buyers can access up to $30,000 of voluntary super contributions towards a deposit.
The First Home Loan Deposit Scheme could allow you to buy with as little as 5% deposit!

First home buyers

Get the right loan for your first home

$10,000

$10,000

Tax and insurance savings depend on the value of your property.

$10,000

$20,000

$20,000

$15,000

$15,000

$20,000

$20,000

$15,000

$15,000

$10,000

$10,000

$10,000

≤ $2,000

≤ $12,000

First Home Loan Deposit Scheme (FHLDS)

First Home Owner Grant (New Homes)

$10,000

First Home Buyer Assistance Scheme (FHBAS)

$10,000

First Home Loan Deposit Scheme (FHLDS)

Stamp duty exemptions

First Home Loan Deposit Scheme (FHLDS)

First Home Owner Grant

$10,000

$20,000

Stamp duty savings

$20,000

First Home Loan Deposit Scheme (FHLDS)

First Home Owner Grant

$15,000

$15,000

First Home Loan Deposit Scheme (FHLDS)

First Home Owner Grant

$20,000

Stamp duty savings

$20,000

First Home Loan Deposit Scheme (FHLDS)

First Home Owner Grant

$15,000

Stamp duty savings

$15,000

First Home Loan Deposit Scheme (FHLDS)

First Home Owner Grant

$10,000

$10,000

First Home Owner Grant

$10,000

Home Buyers Assistance AccountReimburse some costs associated with the purchase of your first home including mortgage registration fees, solicitor and/or conveyancing fees, valuation fees, inspection fees, mortgage insurance premiums and lender fees.

≤ $2,000

First Home Loan Deposit Scheme (FHLDS)

Stamp Duty Exemptions

≤ $12,000

How much deposit do I need?

See how we’ve helped first home buyers make their own nests

Top 6

benefits of using a Nectar broker

First home loan basics

How does the loan process work?

What documents do I need to provide?

Guide to making an offer

What can I use as a deposit?

Ready for a chat?

benefits of using a
Nectar broker