ASIC Regulated
ASIC Regulated
Best Interest Duty
Best Interest Duty
Best Interest Duty
120+ Lender Access
120+ Lender Access
120+ Lender Access
First Home Buyers
First Home Buyers
Buying your first home can feel like learning a new language.
Deposits, borrowing capacity, Lenders Mortgage Insurance, government schemes, lender policies and buying costs all need to line up. Prestige brings the whole picture together. We calculate a buying range you can comfortably manage, check the support you may qualify for, compare suitable options from our wide lender panel and guide your application from pre-approval through to settlement.
HOW WE CAN HELP
From working out what you can comfortably afford to checking grants, low-deposit schemes and lender options, Prestige helps first home buyers across Australia move from “Where do I start?” to settlement with a clear plan.
From working out what you can comfortably afford to checking grants, low-deposit schemes and lender options, Prestige helps first home buyers across Australia move from “Where do I start?” to settlement with a clear plan.
WHAT FIRST HOME BUYER GRANTS AND SCHEMES ARE AVAILABLE?
The support available depends on where you buy, the type of property, its value and your previous ownership history.
A cash grant is different from a stamp duty concession, government guarantee or shared equity scheme. Some forms of support can be used together, but each has separate eligibility and occupancy requirements.
Australia-Wide Support
Australian Government 5% Deposit Scheme
Eligible first home buyers can purchase with a deposit from 5% without paying LMI. Eligible single parents and legal guardians may qualify with a deposit from 2%.
There are no income caps or waiting lists, but property price caps, participating lender requirements and standard credit criteria still apply. The scheme was formerly known as the First Home Guarantee.
Australian Government Help to Buy
Help to Buy is a shared equity scheme requiring a minimum 2% deposit. The Australian Government may contribute up to 30% towards an established home or 40% towards a new home.
Income limits, property price caps and annual place limits apply. Because the government owns a proportional share, it will also share in any increase or decrease in value when that equity is repaid.
First Home Super Saver Scheme
Eligible buyers may release qualifying voluntary super contributions and associated earnings to help fund a deposit. Current contribution limits are $15,000 per financial year and $50,000 in total per person.
Grants and Duty Support by State
Location | Cash Grant | Main Duty Support |
|---|---|---|
New South Wales | $10,000 for an eligible new or substantially renovated home up to $600,000, or a land and build package up to $750,000. | No transfer duty on eligible new or established homes up to $800,000, with a concession above $800,000 and below $1 million. |
Victoria | $10,000 for an eligible new or never-occupied home valued up to $750,000. | No duty up to $600,000 and reduced duty from $600,001 to $750,000. |
Queensland | $30,000 for an eligible new home valued below $750,000. | No duty on eligible established homes up to $700,000, with a concession below $800,000. Eligible new homes and vacant land may receive a full duty concession. |
Western Australia | $10,000 for an eligible new home. Value caps are $800,000 south of the 26th parallel and $1 million north of it. | No duty on eligible homes up to $600,000, with a concession to $800,000. Separate vacant-land thresholds apply. |
South Australia | Up to $15,000 for an eligible new home, with no property value cap for contracts from 6 June 2024. | Full duty relief may apply to eligible new homes and vacant land used to build a principal residence. |
Tasmania | $20,000 for eligible new-home transactions commencing from 1 July 2026 to 30 June 2027. | The temporary established-home duty exemption ended on 30 June 2026. |
Australian Capital Territory | The First Home Owner Grant is no longer available. | Eligible buyers can pay no conveyance duty on homes or vacant residential land. From 1 July 2026, no income or property value caps apply. |
Northern Territory | $50,000 for an eligible new home, with no purchase-price cap. Eligible contracts can be signed until 30 September 2027. | A separate stamp duty exemption may apply to qualifying house and land packages. |
Grant amounts, property limits and eligibility rules can change. Prestige can check the current support available in your location and show how it fits into your total deposit and home loan strategy before you make an offer.
WHAT FIRST HOME BUYER GRANTS AND SCHEMES ARE AVAILABLE?
The support available depends on where you buy, the type of property, its value and your previous ownership history.
A cash grant is different from a stamp duty concession, government guarantee or shared equity scheme. Some forms of support can be used together, but each has separate eligibility and occupancy requirements.
Australia-Wide Support
Australian Government 5% Deposit Scheme
Eligible first home buyers can purchase with a deposit from 5% without paying LMI. Eligible single parents and legal guardians may qualify with a deposit from 2%.
There are no income caps or waiting lists, but property price caps, participating lender requirements and standard credit criteria still apply. The scheme was formerly known as the First Home Guarantee.
Australian Government Help to Buy
Help to Buy is a shared equity scheme requiring a minimum 2% deposit. The Australian Government may contribute up to 30% towards an established home or 40% towards a new home.
Income limits, property price caps and annual place limits apply. Because the government owns a proportional share, it will also share in any increase or decrease in value when that equity is repaid.
First Home Super Saver Scheme
Eligible buyers may release qualifying voluntary super contributions and associated earnings to help fund a deposit. Current contribution limits are $15,000 per financial year and $50,000 in total per person.
Grants and Duty Support by State
Location | Cash Grant | Main Duty Support |
|---|---|---|
New South Wales | $10,000 for an eligible new or substantially renovated home up to $600,000, or a land and build package up to $750,000. | No transfer duty on eligible new or established homes up to $800,000, with a concession above $800,000 and below $1 million. |
Victoria | $10,000 for an eligible new or never-occupied home valued up to $750,000. | No duty up to $600,000 and reduced duty from $600,001 to $750,000. |
Queensland | $30,000 for an eligible new home valued below $750,000. | No duty on eligible established homes up to $700,000, with a concession below $800,000. Eligible new homes and vacant land may receive a full duty concession. |
Western Australia | $10,000 for an eligible new home. Value caps are $800,000 south of the 26th parallel and $1 million north of it. | No duty on eligible homes up to $600,000, with a concession to $800,000. Separate vacant-land thresholds apply. |
South Australia | Up to $15,000 for an eligible new home, with no property value cap for contracts from 6 June 2024. | Full duty relief may apply to eligible new homes and vacant land used to build a principal residence. |
Tasmania | $20,000 for eligible new-home transactions commencing from 1 July 2026 to 30 June 2027. | The temporary established-home duty exemption ended on 30 June 2026. |
Australian Capital Territory | The First Home Owner Grant is no longer available. | Eligible buyers can pay no conveyance duty on homes or vacant residential land. From 1 July 2026, no income or property value caps apply. |
Northern Territory | $50,000 for an eligible new home, with no purchase-price cap. Eligible contracts can be signed until 30 September 2027. | A separate stamp duty exemption may apply to qualifying house and land packages. |
Grant amounts, property limits and eligibility rules can change. Prestige can check the current support available in your location and show how it fits into your total deposit and home loan strategy before you make an offer.
Expert Lending Solutions
Who We Can Help
Who We Can Help
Full-time, part-time, casual, agency or self-employed, your work situation shouldn’t stop you from exploring your options.
Full-time, part-time, casual, agency or self-employed, your work situation shouldn’t stop you from exploring your options.
Full-time, part-time, casual, agency or self-employed, your work situation shouldn’t stop you from exploring your options.
The PRESTIGE Differernce
Our Process
Our 98% approval rate reflects the work we do before an application reaches a lender.
With Prestige’s experienced team guiding you throughout, you’ll have a clear picture of your position, understand the next steps and stay informed as your application progresses.
Free Chat
/ 01
Call, chat or visit the Prestige team for a free initial assessment.
Tell us about your home-buying or refinancing goals, timeframe and budget.
We’ll review your income, expenses, assets and liabilities to understand your borrowing capacity and what may be achievable.
Free 30-minute Chat
No-Obligation
Phone, Text, Video Call, In-person
Free Chat
/ 01
Call, chat or visit the Prestige team for a free initial assessment.
Tell us about your home-buying or refinancing goals, timeframe and budget.
We’ll review your income, expenses, assets and liabilities to understand your borrowing capacity and what may be achievable.
Free 30-minute Chat
Phone, Text, Video Call, In-person
No-Obligation
Free Chat
/ 01
Call, chat or visit the Prestige team for a free initial assessment.
Tell us about your home-buying or refinancing goals, timeframe and budget.
We’ll review your income, expenses, assets and liabilities to understand your borrowing capacity and what may be achievable.
Free 30-minute Chat
Phone, Text, Video Call, In-person
No-Obligation
Loan Strategy
/ 02
Loan Strategy
/ 02
Loan Strategy
/ 02
Pre-Approval
/ 03
Pre-Approval
/ 03
Pre-Approval
/ 03
Formal Approval
/ 04
Formal Approval
/ 04
Settlement
/ 05
Settlement
/ 05
Ongoing Support
/ 06
Ongoing Support
/ 06
Formal Approval
/ 04
Settlement
/ 05
Ongoing Support
/ 06
Enquire with Us
Tell us about your goals, and we'll take it from there.
Enquire with Us
EXPLORE OTHER SERVICES
THE HONEST WORDS
"Big thanks to Solmaz and the Prestige team for helping me buy my first home!""
They were professional, supportive, and made the whole process easy to understand. Highly recommend to anyone looking for a reliable and knowledgeable broker.
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DAVID Y. -
Homeowner
