First Home Buyers Complete Guide to Australia 2026

Federal Government Schemes

The First Home Guarantee allows eligible buyers to purchase with as little as 5% deposit without paying Lenders Mortgage Insurance. The government guarantees up to 15% of the loan value with limited places available annually on a first-come first-served basis.

State Government Grants

1. NSW: $10,000 First Home Owner Grant for new builds under $750,000
2. Victoria: $10,000 grant for new homes under $750,000 in regional areas
3. Queensland: $30,000 Queensland First Home Owners Grant for new builds
4. Western Australia: $10,000 First Home Owner Grant available statewide

Stamp Duty Savings

In NSW, first home buyers pay no stamp duty on homes under $800,000 saving up to $31,000 on the purchase. All states offer some form of exemption or concession for eligible first home buyers.