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Call our Home Lending Specialists on 13 2224 8am to 8pm, any day.
All CommBank First Home Loan Deposit Scheme places for this financial year are currently reserved. First home buyers interested in applying for the Scheme should speak to a CommBank Home Lending Specialist as places may become available over the coming months if existing applicants do not purchase a property.
The National Housing Finance and Investment Corporation (NHFIC) will make another 10,000 Scheme places to participating lenders available from 1 July 2020. Contact a CommBank Home Lending Specialist, who will guide you through the registration process. Simply book an appointment online, over the phone, or visit a lender in branch.
The First Home Owner Grant is a government scheme that was introduced in 2000 to offset the effect of Goods and Services Tax (GST) on buying or building a home. It’s a one-off payment for eligible first home buyers who purchase or build a residential property to live in. Eligibility isn’t based on financial considerations such as your income.
To find out how it works, visit the First Home Owners Grant website.
Stamp duty is a tax levied by state or territory governments on certain purchases, including buying a home, land, or investment property. Depending on your state or territory, you may be eligible for concessions as a first home buyer.
The First Home Super Saver Scheme allows you to save money for your first home using your superannuation fund. This scheme, run by the Australian Taxation Office (ATO), helps first home buyers save faster by allowing them to withdraw voluntary super contributions they’ve made to their super.
For more information, visit the ATO website.
We understand that saving a deposit for your first home can be challenging and we’re here to help. When applications open, speak with a Home Lending Specialist to see what options are available to you. Call 13 2224 8am to 8pm (Sydney time), book an appointment online, find a mobile lender or visit your nearest branch.