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Australian Government 5% Deposit Scheme

The Australian Government 5% Deposit Scheme is for aspiring home buyers – first home buyers with a minimum 5% deposit, or single parents with a minimum of 2% - which makes home ownership more achievable by helping you buy sooner with a small deposit, supported by a Government guarantee.

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First Home Owner Grant (FHOG)

Get access to a one-off grant for the purchase or build of a new home.

To be eligible you must: 

  • not have owned property in Australia before
  • be an Australian citizen or a permanent – resident of at least 18 years age
  • be an owner-occupier, not a residential investor
  • meet all the eligibility criteria under this scheme.

Application process and eligibility criteria varies by state or territory.

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First Home Super Saver Scheme (FHSSS)

Use superannuation to help save for your first home.

To be eligible you must: 

  • be an Australian citizen or permanent resident, at least 18 years of age
  • not have owned property before (unless property was lost due to financial hardship)
  • not have previously made a completed release request under the FHSSS
  • intend to occupy the property for at least six months within the first 12 months after it’s capable of being occupied.

Check which types of contributions are eligible under the FHSSS.

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Stamp Duty Concession

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.

To be eligible you must:

  • buy or acquire property within Australia
  • check application process as eligibility criteria may vary by state or territory
  • meet all the eligibility criteria for your state or territory to receive stamp duty concession.

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Start your home buying journey with us today

  • Book time with a lender instantly

    Get the most from your home loan application process and book time with a Home Lending Specialist at a time and place that suits you.

    Book now

  • Apply of a home loan, conditional pre-approval or refinance

    Start your home loan or refinance application online and if eligible receive a conditional approval in minutes.

    Get started

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Things you should know

  • Applications are subject to credit approval. Full terms and conditions will be set out in our loan offer, if an offer is made. Fees and charges are payable. Once our allocation of loans under the scheme has been exhausted, standard lending approval criteria, including the need for LMI and LDP where appropriate, will apply.

    *Awarded 'Bank of the Year - First Home Buyers' for 2025 by Canstar in July 2025.