Your guide to the Government assistance available for homebuyers


The rebate is available to owner-occupiers and investors who enter into a pre-construction contract between 23 October 2019 and 23 October 2021 (inclusive) to purchase a new residential apartment or a contract signed between 4 June 2020 to 31 December 2020 to purchase a new unit or apartment already under construction. The rebate amount is 75 per cent of the duty paid, capped at a maximum of $50,000 for the pre-construction contract and $25,000 for a contract under which construction has already commenced. There is no cap on the purchase price or value of the apartment.For more information about the Stamp Duty Rebates visit here


The new Federal HomeBuilder Scheme is a time-limited grant that will provide eligible owner-occupiers (including first home buyers) with $25,000 to build a new home if the contract is signed between 4 June2020 and 31 December 2020. Construction must commence within three months of the contract date and you must meet a range ofcriteria to access the grant. You need to be over 18, an Australian citizen, earn less than $125k annually as a single or $200k as a couple and the property value cannot exceed $750,000. For more information about the Federal HomeBuilder Scheme visit here


The First Home Owners Grant (FHOG) is the most well-known assistance available for first home buyers of brand new homes . A State Government initiative, this grant provides first home buyers with $10,000 towards their first home (for properties under $750,000 in the Perth metro area).In order to qualify for this grant, you need to meet some straightforward criteria which you can find through You can apply at the Office of State Revenue yourself but usually your home loan provider will also be an FHOG Authorised Agent and they will submit the forms for you so that the monies come to you at settlement


The First Home Loan Deposit Scheme allows first home buyers to purchase a property with as little as a five per cent deposit and without the need to take out lenders mortgage insurance (LMI). The Commonwealth Government guarantees the difference between what the first home buyer has saved and the 20% deposit threshold lenders usually require before they’ll provide a loan without LMI. The scheme opened for applications on 1 January 2020 with just 10,000 loans available. NAB and CBA are the two major lenders selected to participate with a total allocation of 5,000 grants shared between them both. Although the scheme is administered by the Commonwealth Government’s National Housing Finance and Investment Corporation (NHFIC) you can’t apply through them. Instead, you can enquire about the Scheme directly with the banks or through a mortgage broker.For more information about the First Home Loan Deposit Scheme visit here


The First Home Super Saver Scheme gives you the option to salary sacrifice or make voluntary contributions of up to $15,000 per year, up to $30,000 in total over two years, to your superannuation account to purchase a first home. The criteria are simple; you need to be over 18, not have used the Scheme before or owned real estate. You have up to 12 months after withdrawal to use these additional funds towards your first home. If you’re buying as a couple, you can still take advantage of the First Home Super Saver Scheme even if your partner is not eligible.For more information about the First HomeSuper Saver Scheme visit:

*Eligibility requirements apply. See the websites listed above for more information on each scheme. This guide is is presented for information purposes only. You should make your own enquiries before relying on anything contained in this guide, including where appropriate seeking your own legal, business or accounting advice. This guide is not constructed as making a promise about anything contained in this guide, and liability is, to the extent permitted by law, disclaimed for any loss or damage which may arise from any person acting in reliance on any aspect of this guide.