Government Support for First Home Buyers
Buying your first home may be more achievable than you think. There are a range of government grants and support schemes designed to help eligible buyers reduce upfront costs, enter the market sooner, and make home ownership more accessible.
At Finance IQ Australia, we help you understand what’s available, what you qualify for, and how to use these incentives to your advantage.
First Home Owner Grant (FHOG)
The First Home Owner Grant is a one-off payment offered by the government to eligible first home buyers building or purchasing a brand-new home.
Available for new builds or substantially renovated homes
Can be used toward your deposit or upfront costs
Amount and eligibility vary by state
This is one of the most valuable incentives for first home buyers entering the market.
Low-Deposit Lending Options
Even outside of government schemes, there are lending options available that allow you to purchase with a smaller deposit.
Some lenders offer loans with deposits as low as 5-10%
Options available for different financial situations
May include or avoid LMI depending on the structure
We compare lenders to find the most suitable option for you.
Stamp Duty Concessions
Stamp duty is one of the biggest upfront costs when buying property but first home buyers may be eligible for significant savings.
Full or partial exemptions depending on property value
Often applies to both house & land and established homes
Can save tens of thousands of dollars
Eligibility and thresholds vary by state.
Shared Equity Schemes
Shared equity schemes allow you to purchase a home with the help of a government or partner organisation.
The government contributes a portion of the purchase price
You own a percentage of the property
Reduces the size of your loan and repayments
These programs can make home ownership possible sooner for eligible buyers.
How Finance IQ Australia Helps
Understanding grants and schemes can feel overwhelming that’s where we come in.
How we can help:
Assess what you’re eligible for
Structure your loan to maximise benefits
Handle the application process with you
Work alongside builders and agents where needed
Our goal is simple: make finance clear, simple, and achievable.