What You Need to Know About Government Schemes in 2025

Buying your first home is exciting – but navigating the process can be overwhelming. Thankfully, there are several government schemes designed to help first home buyers get into the market sooner.

1. First Home Guarantee

This scheme allows eligible buyers to purchase a home with as little as 5% deposit, without paying lenders mortgage insurance (LMI). The government guarantees the remaining 15%.

• Available for new and existing homes.
• Income and property price caps apply.

2. Regional First Home Buyer Guarantee

Similar to the First Home Guarantee, but specifically for buyers in regional areas. It aims to support growth and affordability outside major cities.

3. Stamp Duty Concessions

In NSW and other states, eligible first home buyers may receive discounts or exemptions on stamp duty. This can save thousands upfront.

4. First Home Super Saver Scheme

This allows you to make voluntary super contributions and withdraw them for a home deposit. It can be tax-effective, but there are rules and limits to consider.

How Brokers Help

A mortgage broker can:

• Check your eligibility for schemes.
• Help with paperwork and applications.
• Find lenders who support these programs.
• Guide you through pre-approval and settlement.