Getting on the property ladder can be challenging, but with a range of government assistance measures available, owning your first home might be easier than you think. In 2025, several federal and state programs are designed to help first home buyers get into the market with reduced costs. Here’s a breakdown of the key grants and incentives available across Australia.
Federal Government Assistance
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First Home Guarantee (FHG) & Regional First Home Buyer Guarantee
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Allows eligible first home buyers to purchase a home with as little as a 5% deposit.
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No need to pay Lender’s Mortgage Insurance (LMI), potentially saving thousands.
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Help to Buy (Coming in 2025)
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A shared-equity scheme where the government can co-own up to 40% of a home, reducing the buyer’s mortgage burden.
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Expected to launch later in 2025, with more details to come.
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State and Territory First Home Buyer Grants & Concessions
Each state and territory has its own first home buyer grants and stamp duty concessions. Here’s a breakdown of what’s available:
New South Wales (NSW)
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Grant: $10,000 for eligible first home buyers.
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Stamp Duty Concessions: Available for properties up to $1 million.
Victoria (VIC)
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Grant: $10,000 for eligible first home buyers.
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Stamp Duty Concessions: Available for properties up to $750,000.
Queensland (QLD)
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Grant: $30,000 for eligible first home buyers.
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Stamp Duty Concessions: Available for properties up to $800,000.
Western Australia (WA)
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Grant: $10,000 for eligible first home buyers.
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Stamp Duty Concessions: Available for properties up to $600,000.
South Australia (SA)
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Grant: $15,000 for eligible first home buyers.
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Stamp Duty Concessions: Available for properties up to $700,000.
Tasmania (TAS)
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Grant: $10,000 for eligible first home buyers.
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Stamp Duty Concessions: Available for properties up to $750,000.
Australian Capital Territory (ACT)
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Stamp Duty Concessions: Available for all purchases (no direct first home buyer grant).
Northern Territory (NT)
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Grant: $50,000 for eligible first home buyers.
Eligibility & Next Steps
Each scheme has specific eligibility criteria, such as income limits, property price caps, and residency requirements. To find out if you qualify and how to apply, it's best to speak with a mortgage broker who can guide you through the process and maximise your benefits.
At Dream Catchers Lending, we specialise in helping first home buyers navigate the complexities of these grants and find the best home loan options.
Dream Catchers Lending is an MFAA-accredited member and a Certified Divorce Specialist. Feel free to book an obligation-free virtual appointment or leave us your details and we'll be in touch.
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