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First Home Owner Grant
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First Home Loan Deposit Scheme (First Home Guarantee)

 Supporting eligible first home buyers purchase a home sooner. 

  • For first home buyers without a 20% deposit (subject to bank lending assessment)
  • Buy a new home with 5% minimum deposit
  • 35,000 places for financial year 2022/23
  • Restricted to new home builds and completed stock
  • Avoid paying mortgage insurance
  • Government guarantees 15% difference 


Regional First Home Buyer Guarantee

Supporting eligible regional first home buyers to purchase a home in a regional area. As with the above program but with a limit of 10,000 places for financial year 2022/23.


Family Home Guarantee

Supporting eligible single parents with at least one dependent child to buy a home, whether that single parent is a first home buyer or a previous home owner. 

  • 2% deposit required
  • 5,000 places for financial year 2022/23
  • First home buyers or previous homeowners
  • New and existing homes
  • Single parent with at least one dependent child
  • Maximum purchase prices apply 


First Home Super Saver Scheme 

The first home super saver (FHSS) scheme allows people to save money for their first home inside their super fund. 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. 

  • Salary sacrifice up to $15,000 per year into Super (up to a total of $50,000 across all years, from 1 July 2022)
  • Taxed on withdrawal with 30% tax offset
  • No income test
  • Effectively allows saving for home deposit at 15% tax rate


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