Purchasing your very first property is an exciting milestone, and navigating the available state concessions and federal grants can save you tens of thousands of dollars at settlement.
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Stamp Duty Relief: Eligible buyers pay zero transfer duty on new or established homes valued up to $800,000, with scaling concessions up to $1,000,000.
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The $10,000 Cash Grant: Available specifically for the purchase or construction of brand-new or substantially renovated homes up to $600,000 (or $750,000 for house-and-land builds).
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Federal 5% Deposit Scheme: The First Home Guarantee (FHBG) allows eligible purchasers to buy a home with a deposit as low as 5% without paying costly Lenders Mortgage Insurance (LMI), backed by a government guarantee.
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Living Requirements: To protect your state exemptions and grants, you must move into the property within 12 months of settlement and occupy it continuously for a full 12-month period.
Eligibility criteria apply strictly to your residential history, citizenship, income caps, and property thresholds. You can explore guidelines directly via the official portals:
Contact us to discuss your eligibility and requirements.
