Federal grants and schemes for first home buyers
Luckily for first timers, there are several government grants and schemes available to help you get your foot on the property ladder. You may be eligible for one or more than one of these. Your financial adviser will be able to help.
Australian Government initiatives for first home buyers include:
First Home Loan Deposit Scheme (FHLDS)
First Home Super Saver Scheme
Although most government grants and schemes are designed to help first home buyers, there are also Australian Government initiatives in place to support people at the other end of their home-owning journey. These include:
If you're over 65 and eligible, you can make downsizer contributions of up to $300,000 each into your superannuation from the proceeds of selling your home.
There are a number of grants administered by each state that may be available to people who are building or buying their first home. Eligibility requirements and amounts available (from $10,000 to $20,000) vary from state to state. Click on the links for more information.
Possible other grants
New South Wales
First Home Buyer Assistance Scheme – provides a reduction of transfer duty charges
Up to $20,000
Up to $20,000
All information on this page is intended as an overview and may not necessarily be comprehensive.
The information on this page is current as at 19/03/2021. To assess your eligibility for the above grants, and to explore further concessions and rebates, visit the relevant state government websites from the table above or talk to your financial adviser.