Government Grants You Might Be Missing as a First Home Buyer 

Written By Estelle Dejean

Buying your first home is a big step but you don’t have to do it alone. 
In Australia, there are government grants and schemes designed to support you on your journey, and many first home buyers miss out simply because they didn’t know they qualified. 

Here’s a breakdown of what’s available and how to take advantage of it. 

First Home Owner Grants – up to $30,000 

If you're building or buying a brand new home, you could be eligible for a one-time grant of up to $30,000 depending on your state.


To qualify, the property must: 

  • Be valued under a certain threshold depending on the state. Reach out to find out about your state.

  • Be your first home in Australia 

  • Be a new build (not previously lived in) 

This can give your deposit a serious boost, or help with furnishing your new place. 

5% Deposit with No LMI – NHFIC Scheme 

Normally, putting down less than 20% deposit means paying Lenders Mortgage Insurance (LMI) but not under this scheme. 
Through the First Home Guarantee (under NHFIC), eligible first home buyers can purchase with just 5% deposit, and the government will act as a guarantor on the remaining 15%. 

Who’s eligible? 

  • Australian citizens earning under $125,000 (individual) or $200,000 (couple) 

  • First-time buyers with a clean credit history 

  • Property must be owner-occupied 

3. Other State and Federal Grants 

Depending on your location and circumstances, you may also be eligible for: 

  • Stamp duty concessions or waivers

  • Regional First Home Buyer Guarantees 

  • Shared equity schemes (available in some states) 

Final tip: These schemes often have limited spots or timeframes, so planning ahead is key.

That’s where we come in. At FINANS Brokers, we help you access what you’re entitled to and avoid missing out!

Estelle Dejean
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