First Home Buyer Government Schemes: What You Should Know

For first-time buyers, government schemes can provide significant assistance in making homeownership more affordable. These schemes can range from grants to tax benefits and first home buyer mortgage options with reduced rates or lower deposit requirements.

In Australia, schemes like the First Home Buyers Guarantee Scheme allow buyers to secure a low deposit first home loan, often requiring just 5%. This can be a huge relief for those struggling to save for a full 20% deposit.

Additionally, state-based grants can further reduce the cost of buying your first home. Understanding the available options can help you maximise your chances of securing an affordable first home loan and saving money.

Want to know if you qualify for any of these schemes? Contact us today to calculate your borrowing power and get advice on first home buyer loans.

Disclaimer: The content provided is for informational purposes only and is not financial advice. Please consult a professional advisor to discuss your specific situation.