First home buyer measures in the Federal Budget
Federal first home buyer support explained: deposit guarantee schemes, shared equity, home building programs and how they combine with state grants.
What federal support exists for first home buyers?
Federal support mainly comes through the Home Guarantee Scheme, which lets eligible buyers purchase with a smaller deposit without lenders mortgage insurance, plus shared equity and supply programs. Price caps and eligibility change. First home buyers in Sydney, NSW and Australia should check Housing Australia and their state revenue office, because state grants and duty concessions are separate.
Federal and state support stack
A buyer may use a federal deposit guarantee and also qualify for a state duty concession. Check each program's rules.
Price caps matter
Schemes set property price caps by area. In Sydney, caps can limit eligible stock.
A smaller deposit means a bigger loan
Lower deposits increase repayments and risk if prices fall. Test affordability at higher rates.
Frequently asked questions
Do I still need a deposit?
Yes, usually at least 5% plus costs, subject to scheme rules.
Can I combine federal and state help?
Often, but confirm each program's conditions.
Where do I apply?
Through participating lenders listed by Housing Australia.