First-home buyers in Australia have an exciting array of incentives at their fingertips – but are they aware of them? With several government support and financial schemes on offer, you might be closer to owning your first home than you think!
What you need to know
Earlier in the year, the Australian government announced another round of funding for the First Home Buyer Guarantee (FHBG). From 1 July 2024 through 30 June 2025, 35,000 lucky Australians have the chance to buy their first property with just a 5% deposit – without paying lenders’ mortgage insurance (LMI).
This could be a game-changer, especially for those who’ve struggled to save a 20% deposit. Curious whether you qualify? Find out more about eligibility criteria here.
But wait, there’s more!
In addition to the FHBG, both national (federal) and state governments have enhanced their range of incentives, offering even more support for first-home buyers.
National schemes and incentives
Here’s a breakdown of the national schemes designed to make homeownership more accessible for first-time buyers across Australia:
State-specific schemes and incentives
Each state offers additional benefits that could help reduce the costs of purchasing your first home. Below are two key state-specific incentives to explore:
For a full rundown of state-by-state initiatives and updates, click here.
Maximise your home buying benefits: act now!
Incredible opportunities await first-home buyers. Whether it’s using a smaller deposit through the First Home Guarantee or tapping into state grants, there’s no better time to make your dream home a reality.
Don’t delay – talk to us today! Together, we’ll explore your options and help you discover the incentives you could be eligible for. Your first home might be closer than you think!
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