Climbing the Property Ladder
Elevate your real estate ambitions with our expert guidance and personalised strategies. Whether you're entering the market for the first time, expanding your investments, or simply optimising your existing property portfolio, we provide the tools and support to help you achieve your goals!
Grants & Concessions for First-time Home Buyers in NSW and across Australia
As a first-time home buyer, there are numerous grants and concessions available to help you get started on the property ladder. These programs are designed to make home ownership more accessible and affordable. Some of the key programs include:
New South Wales (NSW)
- First Home Buyers Assistance Scheme (FHBAS): First home buyers receive a transfer duty exemption or pay a reduced rate when buying an existing home, new home or vacant land to build a home on worth up to $1 million in NSW.
- First Home Owner (New Home)Â Grant: Likewise in NSW, first-time home buyers building a new home or buying a brand new or significantly renovated property are eligible for a handy $10,000 grant from the government. It's important to note that this grant is separate from the First Home Buyers Assistance Scheme (FHBAS).
National/State-Based Support
- Home Guarantee Scheme (HGS): This federal government program allows eligible first-time buyers to purchase a property with a lower deposit (as low as 5% in some cases) without needing Lenders Mortgage Insurance (LMI).
- First Home Owner Grant (FHOG): Most states offer a FHOG similar to the NSW scheme, but the amount and eligibility criteria vary. Check with your state revenue office for details.
- Other State Schemes: Many states offer additional benefits beyond the FHOG, such as stamp duty concessions (even for established properties), grants for specific property types, or targeted concessions for essential workers or single parents.
*Please Note:Â Eligibility for these programs can vary depending on your state or territory. To make sure you take full advantage of the available benefits, it's always a good idea to consult with an expert who can guide you through the process.
Explore Our Loan Calculators
To help you make informed decisions about your property loan, we offer a variety of calculators designed to provide clarity and guidance on different aspects of home financing. These tools are easy to use and can help you understand your borrowing power, plan your budget, and compare loan options.
Budget Planner
Assess your current financial situation and plan your budget; crucial for determining mortgage affordability and suitability.
Borrowing Power
Estimate how much you can borrow based on income, expenses, liabilities, and other financial details.
Stamp Duty
Calculate the stamp duty costs for purchasing a property in your state/territory by entering the property value and other relevant details.
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