Government schemes

Every Australian government
scheme — explained

WeBroke helps you access every available government scheme to maximise your savings and get into your home sooner. Here's a complete guide to what's available in 2025.

5% deposit – No LMI

Australian Government

First Home Guarantee (5% Deposit Scheme)

Potential saving

Save up to $35,000 in LMI

The First Home Guarantee (formerly FHLDS) allows eligible first home buyers to purchase with just a 5% deposit, with the government guaranteeing up to 15% of the loan — meaning no Lenders Mortgage Insurance (LMI) is required.

Minimum deposit

LMI required

No — government guaranteed

Places per year

35,000

Property price cap (VIC)

$800,000 (metro)

Income cap (single)

$125,000 p.a.

Income cap (couple)

$200,000 p.a.

Eligibility:

Australian citizen or permanent resident

First home buyer (or previous owner not in last 10 years)

Within income thresholds

Property within price caps

Owner-occupier (not investment)

Check my eligibility

Government equity up to 40%

Australian Government

Help to Buy Scheme

Potential saving

Reduce loan by up to 40%

The Help to Buy scheme allows eligible buyers to purchase a home with the Australian Government taking a co-ownership stake of up to 40% (new builds) or 30% (existing homes), dramatically reducing the deposit and loan size required.

Government equity (new)

Up to 40%

Government equity (existing)

Up to 30%

Minimum deposit

LMI required

Income cap (single)

$90,000 p.a.

Income cap (couple)

$120,000 p.a.

Eligibility:

Australian citizen aged 18+

Within income thresholds

No current property ownership

Property within price caps

Must be owner-occupier

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Save via super

Australian Government

First Home Super Saver Scheme (FHSS)

Potential saving

Save up to $15,000 in tax

The FHSS scheme allows first home buyers to save for a deposit inside their superannuation fund, taking advantage of the concessional 15% tax rate on super contributions — significantly more tax-effective than saving in a bank account.

Maximum withdrawal

$50,000 per person

Annual contribution limit

$15,000 per year

Tax on contributions

15% (vs marginal rate)

Eligible contributions

Voluntary concessional & non-concessional

Couples

Both can use — up to $100,000 combined

Application

Via ATO myGov

Eligibility:

Australian resident for tax purposes

Never previously owned property in Australia

Have not previously applied for FHSS determination

Intend to live in the property for at least 6 months

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State-based grants

State & Territory Governments

First Home Owner Grant (FHOG)

Potential saving

Up to $30,000 grant

The First Home Owner Grant (FHOG) is a one-off payment from state and territory governments to eligible first home buyers. Grant amounts and eligibility criteria vary by state.

VIC

$10,000 (new builds only)

NSW

$10,000 (new builds, <$600k)

QLD

$30,000 (new builds, <$750k)

$10,000 (new builds)

$15,000 (new builds)

ACT

No FHOG (HomeGround scheme instead)

Eligibility:

First home buyer (or co-buyer)

Australian citizen or permanent resident

Aged 18+ (in most states)

Property must be new or substantially renovated

Must live in property for minimum period

Check my eligibility

Save thousands

State & Territory Governments

Stamp duty concessions & exemptions

Potential saving

Save up to $45,000

Most Australian states offer stamp duty concessions or full exemptions for first home buyers, potentially saving tens of thousands of dollars on your purchase.

VIC

Full exemption <$600k, concession $600k–$750k

NSW

Full exemption <$800k, concession $800k–$1M

QLD

Full exemption <$500k, concession $500k–$550k

Full exemption <$430k, concession $430k–$530k

Full exemption <$650k for eligible buyers

ACT

Full exemption for eligible first home buyers

Eligibility:

First home buyer

Property within price thresholds

Australian citizen or permanent resident

Must occupy property as principal place of residence

Check my eligibility

WeBroke helps you access these

Not sure which schemes you qualify for?

WeBroke's experts will assess your eligibility for every available scheme and structure your application to maximise your savings.

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Every Australian governmentscheme — explained

First Home Guarantee (5% Deposit Scheme)

Help to Buy Scheme

First Home Super Saver Scheme (FHSS)

First Home Owner Grant (FHOG)

Stamp duty concessions & exemptions

Not sure which schemes you qualify for?

Every Australian government
scheme — explained