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Your Dream Home: Government Grants & Schemes for You

Taking that first step onto the property ladder can feel like a giant leap, especially when saving for a deposit. But the good news is, there’s a helping hand available! The Australian government offers several fantastic grants and schemes specifically designed to make buying your first home more achievable.

Let’s explore five of the most helpful options:

  1. First Home Guarantee (FHG):

This scheme allows eligible first home buyers to purchase a property with a deposit as low as 5%. That’s a significant saving that can make a real difference! There are income caps and property price limits, so be sure to check if you qualify.

  1. New Home Guarantee (NHG):

Similar to the FHG, the NHG lets you buy a new or established home with just a 5% deposit. This scheme specifically supports the construction of new homes, helping to boost the housing market.

  1. Regional First Home Buyer Guarantee (RFHBG):

Living outside the major cities has its perks! This program allows eligible regional first home buyers to purchase a property with a deposit as low as 5%. It’s a fantastic opportunity to access a more affordable lifestyle while still getting on the property ladder.

  1. Family Home Guarantee (FHG):

Looking to buy with a close family member? This scheme allows single parents or couples (with at least one first home buyer) to purchase a property with a deposit as low as 5%. It’s a great way to combine resources and make homeownership a reality.

  1. First Home Super Saver Scheme (FHSSS):

This scheme lets you contribute extra voluntary contributions (up to certain limits) to your superannuation specifically for your first home deposit. The best part? Contributions are taxed at a concessional rate, and you can access them to buy your first home.

Ready to See How Much You Can Afford?

We understand navigating these schemes and figuring out your budget can feel overwhelming. That’s why we offer a free, user-friendly loan calculator tool on our website. Simply enter some basic details, and it will estimate your borrowing power and potential monthly repayments.

Take the Next Step Today!

Don’t let saving for a deposit hold you back from achieving your dream of homeownership. With these government grants and schemes as your key, you might be closer than you think. Contact us today for a free consultation and let’s explore your first home buying options together!