Article Updated 12 April 2021
A financial helping hand can help you get into your first home sooner - but don’t delay!
Savings and a new home? Yes please! Here is a state by state breakdown of Government grants and incentives, which could help you save on the purchase of your first home.
Buying a property is one of the biggest financial commitments you’ll make. It’s important to remember, expert advice matters, your local Mortgage Choice broker is there to help provide you with the information you need to guide you along your journey and make better decisions.
First home buyer 2021 grants guide
If you're looking at buying your first home it's worth knowing what Government help is available. This guide will walk you through all the grants and schemes to help you save.
The First home Owner Grant and other state by state incentives
Ready to buy your first home? These grants may help you
2021 First Home Loan Deposit Scheme
The new government scheme for first time buyers allows approved applicants to take out a mortgage with just a 5% deposit and avoid paying lenders mortgage insurance. Spots are limited, find out if you're eligible today.
The Family Home Guarantee Scheme
The federal government has launched an initiative to allow single parents to take out a home loan deposit with as little as 2% (subject to being able to service home loan repayments). Here we explore what's involved in this scheme and if you could be eligible!
Stamp duty concessions
Stamp duty is one of the upfront costs that apply when you buy a home. State Governments offer concessions and exemptions on stamp duty to first home buyers. See if you're eligible and what your stamp duty would be today.
NSW: Stamp duty scrapped for eligible first home buyers
The NSW Government has announced it will temporarily axe stamp duty on newly build homes under $800,000 until August 2021. Find out if you're eligible today.
VIC: 25-50% discounts announced on stamp duty
As part of the Victorian Budget 2020/21 a number of measures aimed at making housing more accessible and affordable for Victorians have been announced. Read more to see how these changes could benefit you.
First Home Owner Grant
The First Home Owner Grant is a lump sum of cash available to help with the cost of buying your first home or vacant land to build on. Find out more and see if you're eligible.
Can I access more than one grant or incentive? If eligible, yes!
The good news - the incentives have been designed to compliment each other. So, if eligible, you can potentially combine a few of these grants and incentives meaning you can maximise your savings!
Not only would it greatly benefit your financial situation it could just boost your chances of becoming a homeowner sooner.
Don’t delay and give us a call now. Your local Mortgage Choice broker can let you know what’s available to you, and get the ball rolling so you can get you into your first home sooner.
Customer success stories to inspire you
Pre-approval helps first home buyers get their dream home
“Lindon guided us from start to finish and explained everything in depth and detail. We feel very grateful Lindon was able to assist us with one of the biggest life decisions we have made.”
Refinancers save $1,000 per month
“We were so impressed with how quick, easy and effortless James made the whole process. As a young, growing family the savings we are now making as a result has made a significant impact.”
First home buyers save over $60K
“Scott helped us realise our dream by walking us through the steps and helping us understand all the correct processes we had to take”
Posted in: First home buyers