Government Schemes Designed to Help you Get Ahead
Government schemes can help you take the next step towards building your dream home, without stretching your budget. From first home buyers to growing families, there are a range of schemes designed to make home ownership more achievable. Here’s everything you need to know about the options available to you.
Take advantage of Government Schemes
First Home Owner Grant (FHOG)
The First Home Owner Grant (FHOG) in Victoria offers eligible first-time buyers a one-off payment of $10,000 to assist with the purchase of their new home valued at up to $750,000 or less.
5% Deposit Scheme
The 5% Deposit Scheme offers first-time buyers the opportunity to provide a minimum of 5% deposit when purchasing their new home. There are no income caps, waitlists, or lenders mortgage insurance (LMI), helping buyers reduce overall costs when purchasing a new home.
Help to Buy Scheme
The Help to Buy Scheme is designed to help eligible buyers with the Government contributing 40% of the purchase price for new homes and up to 30% for established homes, when purchased through the participating lenders.
Stamp duty waiver
First home buyers can apply for a stamp duty exemption or concession from land transfer (stamp duty) if they meet certain eligibility criteria
Schemes can help you lower costs, so you can move into your new home with peace of mind.
Turn your first home into a reality
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