Enquire now
FHGS - First Home Buyers in Australia

FHGS – More Opportunities for First Home Buyers in Australia

Contact Now

Our 5-Star Google & Facebook Ratings reflect clients’ satisfaction, positioning us among Australia’s most trusted mortgage brokers!

First Home Buyers in Australia Can Now Buy Their First Home with Just a 5% Deposit and No LMI!

Helping Australians step into their first home – the faster and smarter way 

Buying your first home could never be simpler. The Australian Government’s First Home Guarantee Scheme (FHGS) lets you secure your new home with as little as a 5% deposit. What’s more? You have to pay no Lenders Mortgage Insurance (LMI)!

As of 1 October 2025, the FHGS (previously known as the First Home Loan Deposit Scheme) has been expanded. It now includes more people, higher property caps, and new flexible options. In a nutshell, the FHGS has created more opportunities for Australians to own their first home sooner than they might think.

First Home Buyers in Australia

What’s the First Home Guarantee Scheme (FHGS)?

FHGS is part of the Federal Government’s Home Guarantee Scheme (HGS) and is managed by Housing Australia. The scheme helps eligible first-home buyers purchase their homes with just a 5% deposit. Here, the Government plays the crucial role of a guarantor for up to 15% of the loan. This also means that you won’t need to pay LMI, potentially helping you achieve a whopping $10,000–$25,000 savings. This, however, purely depends on your loan size and deposit size.

With only limited spots released each financial year for this scheme, your application through VOXFIN ensures you don’t miss out. 

We’ll begin with assessing your eligibility, followed by matching you with the right lender, and then handling the entire process for you.

First Home Guarantee Scheme

What Are the Key Benefits of the FHGS for You

Benefit What It Means for You
Buy with just 5% deposit Get into your first home sooner without waiting years to save a 20% deposit.
No Lenders Mortgage Insurance (LMI) Save thousands in upfront costs.
Government-backed guarantee The Government guarantees up to 15% of your home loan.
Wider eligibility (2025 update) Now open to singles, couples, friends, siblings, and family members.
Higher property caps Reflecting rising prices across metro and regional Australia.
Available Australia-wide Every state and territory has participating lenders.
VOXFIN’s 24-hour approval promise Get assessed, approved, and ready to buy – faster than ever.

Wider Eligibility (2025 update)

The scheme is now open to singles, couples, siblings, friends, and family members
Higher property caps, given the rising prices across both metro and regional Australia
Australia-wide availability
Every state and territory has their respective participating lenders

First Home Guarantee Scheme (FHGS) and First Homeowner Government Grants

Grant/Scheme Details Value
First Home Guarantee Scheme and Family Home Guarantee Scheme
  • Eligible buyers can purchase with a 5% deposit (lenders criteria apply).
  • Eligible single parents can buy a house with a 2% deposit.
  • No lenders mortgage insurance (LMI) needed.
  • Family Home Guarantee – 5,000 Places 
  • Property value must not exceed $1,500,000 for Sydney and regional centres.
  • Property value must not exceed $800,000 for the rest of the state.
 Insurance savings depend on the value of your property.
First Home Super Saver Scheme
  • You’re eligible to withdraw up to $15,000 each financial year, with a maximum total of $50,000 over multiple years, to contribute toward your home loan
 Lower cash deposit required to buy.
First Home Owner Grant
  • New homes or substantially renovated homes ≤$600,000
  • New builds: combined home + land value $≤750,000
 $10,000
First Home Buyer Assistance Scheme
  • New homes Stamp duty exemption ≤$ 800,000.Stamp duty reduction $ 800,000 – $ 1,000,000.
  • Established homesStamp duty exemption ≤$ 800,000.Stamp duty reduction $ 800,000 – $ 1,000,000.
  • Vacant landStamp duty exemption ≤$350,000.Stamp duty reduction $350,000 – $450,000.
 Tax savings depend on the value of your property.
Maximum total support available ($) Scheme eligibility may be subject to income caps, property value & other criteria.

$10,000

+ tax and insurance savings.
Grant/Scheme Details Value
First Home Guarantee and Family Home Guarantee Scheme
  • Eligible buyers can purchase with a 5% deposit (lenders criteria apply).
  • Eligible single parents can buy a house with a 2% deposit.
  • No lenders mortgage insurance (LMI) needed.
  • First Home Guarantee – no place limits.
  • Family Home Guarantee – 5,000 places.
  • Property value must not exceed $ 1,000,000.
 Insurance savings depend on the value of your property.
First Home Super Saver Scheme
  • You’re eligible to withdraw up to $15,000 each financial year, with a maximum total of $50,000 over multiple years, to contribute toward your home loan
 Lower cash deposit required to buy.
Home Buyer Concession Scheme
  • All property types at any price.
  • A concession cap is implemented for the amount of tax that will be waived.
  • You must have a household income up to $ 250,000 with no dependents.
  • Eligible incomes increase relative to the number of dependent children under your care up to a maximum of $273,000
 Capped at $35,238.
Maximum total support available ($) Scheme eligibility may be subject to income caps, property value & other criteria.

$35,238

+  other tax and insurance savings depending on the value of your property.
Grant/Scheme Details Value
First Home Guarantee and Family Home Guarantee Scheme
  • Eligible buyers can purchase with a 5% deposit (lenders criteria apply).
  • Eligible single parents can buy a house with a 2% deposit.
  • No lenders mortgage insurance (LMI) needed.
  • First Home Guarantee – no place limits.
  • Family Home Guarantee – 5,000 places.
  • Property value must not exceed $ 950,000 for Melbourne and regional centres.
  • Property value must not exceed $650,000 for the rest of the state.
 Insurance savings depend on the value of your property.
First Home Super Saver Scheme
  • You’re eligible to withdraw up to $15,000 each financial year, with a maximum total of $50,000 over multiple years, to contribute toward your home loan
 Lower cash deposit required to buy.
First Home Owner Grant
  • New apartments, houses and townhouses ≤$750,000.
 $10,000
Homebuyer Fund
  • State contributes funds in exchange for a share or proportional interest in the property.
  • Eligible homebuyers can receive up to 25% of the home’s value.
  • You can buy with a 5% deposit.
  • Aboriginal and Torres Strait Islander Victorians can receive up to 35% of the home’s value.
  • Aboriginal and Torres Strait Islander Victorians can buy with a 3.5% deposit.
  • Property value must not exceed $950,000 in Melbourne and Geelong.
  • Property value must not exceed $600,000 in eligible regional areas.
  • Ongoing obligations apply.
 Insurance savings depend on property value and other factors.
Stamp duty savings
  • New and established homes
    Stamp duty exemption ≤$600,000.
    Stamp duty reduction $601,000 – $750,000.
Tax savings depend on the value of your property.

Further concessions and exemptions are available depending on other factors.
Maximum total support available ($) Scheme eligibility may be subject to income caps, property value & other criteria.

$10,000

+ tax and insurance savings.
Grant/Scheme Details Value
First Home Guarantee and Family Home Guarantee Scheme
  • Eligible buyers can purchase with a 5% deposit (lenders criteria apply).
  • Eligible single parents can buy a house with a 2% deposit.
  • No lenders mortgage insurance (LMI) needed.
  • First Home Guarantee – no place limits.
  • Family Home Guarantee – 5,000 places.
  • Property value must not exceed $900,000 for Adelaide and regional centres.
  • Property value must not exceed $500,000 for the rest of the state.
Insurance savings depend on the value of your property.
First Home Super Saver Scheme
  • You’re eligible to withdraw up to $15,000 each financial year, with a maximum total of $50,000 over multiple years, to contribute toward your home loan
 Lower cash deposit required to buy.
First Home Owner Grant
  • New homes off the plan, new builds or substantially renovated homes. Note there is no longer a property value cap for the First Home Owner Grant as of 6th June 2024.
$15,000
HomeStart
  • SA government backed lender only.
  • You can avoid additional loan charges.
  • Starter Loan of up to $10,000, five-year term with no repayments or interest(it is a secondary loan type).
  • Eligible if your household income is ≤$65,000 (singles) or ≤$90,000(couples).
  • You will need to cover the deposit.

$10,000

(Must be paid back at completion of term).
Maximum total support available ($) Scheme eligibility may be subject to income caps, property value & other criteria.

$25,000

+ insurance savings.
Grant/Scheme Details Value
First Home Guarantee and Family Home Guarantee Scheme
  • Eligible buyers can purchase with a 5% deposit (lenders criteria apply).
  • Eligible single parents can buy a house with a 2% deposit.
  • No lenders mortgage insurance (LMI) needed.
  • First Home Guarantee – no place limits.
  • Family Home Guarantee – 5,000 places.
  • Property value must not exceed $ 700,000 for Hobart and regional centres.
  • Property value must not exceed $ 550,000 for the rest of the state
 Insurance savings depend on the value of your property.
First Home Super Saver Scheme
  • You’re eligible to withdraw up to $15,000 each financial year, with a maximum total of $50,000 over multiple years, to contribute toward your home loan
Lower cash deposit required to buy.
First Home Owner Grant
  • New homes off the plan & new builds up to any value.
 $10,000
Stamp duty savings
  • Established homes50% discount when you buy a home valued <$600,000.
 Tax savings depend on the value of your property.
Maximum total support available ($) Scheme eligibility may be subject to income caps, property value & other criteria.

$10,000

+ tax and insurance savings.
Grant/Scheme Details Value
First Home Guarantee and Family Home Guarantee Scheme
  • Eligible buyers can purchase with a 5% deposit (lenders criteria apply).
  • Eligible single parents can buy a house with a 2% deposit.
  • No lenders mortgage insurance (LMI) needed.
  • First Home Guarantee – no place limits.
  • Family Home Guarantee – 5,000 places.
  • Property value must not exceed $1,000,000 for Brisbane and regional centres.
  • Property value must not exceed $700,000 for the rest of the state.
 Insurance savings depend on the value of your property.
First Home Super Saver Scheme
  • You’re eligible to withdraw up to $15,000 each financial year, with a maximum total of $50,000 over multiple years, to contribute toward your home loan
 Lower cash deposit required to buy.
First Home Owner Grant
  • New homes off the plan, new builds or substantially renovated homes ≤$750,000. Note the grant amount is $15,000 for contracts signed before 20.11.2023.
 $30,000
Queensland housing finance loan
  • A low deposit loan for those who can afford to buy or build a home but aren’t able to get private finance from a lender.
  • You must have a household income ≤$141,000.
  • Covers established and new builds.
  • You can buy a house with a 2% deposit or the difference between the max loan you can get and the purchase price.
  • No LMI needed.
 Insurance savings depend on property value.
Stamp duty savings
  • Vacant landFull exemption for eligible first-home buyers on residential vacant land (no price cap).
  • New homesFull exemption for eligible first-home buyers (no price cap).
  • Existing homesFull exemption for eligible first-home buyers on properties up to ~$700,000 (indexed to CPI from 1 July 2025).
    Reduced exemption tapered for properties between ~$700,000 and ~$800,000 (thresholds now CPI-indexed).
 Tax savings depend on the value of your property.
Maximum total support available ($) Scheme eligibility may be subject to income caps, property value & other criteria.

$30,000

+ tax and insurance savings.
Grant/Scheme Details Value
First Home Guarantee and Family Home Guarantee Scheme
  • Eligible buyers can purchase with a 5% deposit (lenders criteria apply).
  • Eligible single parents can buy a house with a 2% deposit.
  • No lenders mortgage insurance (LMI) needed.
  • First Home Guarantee – no place limits.
  • Family Home Guarantee – 5,000 places.
  • Up to 40,000 guaranteed loans per financial year (both schemes combined).
  • Property value must not exceed $ 600,000.
 Insurance savings depend on the value of your property.
First Home Super Saver Scheme
  • You’re eligible to withdraw up to $15,000 each financial year, with a maximum total of $50,000 over multiple years, to contribute toward your home loan
 Lower cash deposit required to buy.
First Home Owner Grant
  • New homes off the plan & new builds up to any value. From 1 October 2024 until 30 September 2026 the FHOG is $50,000 for new homes, and from 1 October 2024 until 30 September 2025 the FHOG is $10,000 for established homes.
 $50,000
Maximum total support available ($) Scheme eligibility may be subject to income caps, property value & other criteria.

$50,000

+ insurance savings.
Grant/Scheme Details Value
First Home Guarantee and Family Home Guarantee Scheme
  • Eligible buyers can purchase with a 5% deposit (lenders criteria apply).
  • Eligible single parents can buy a house with a 2% deposit.
  • No lenders mortgage insurance (LMI) needed.
  • First Home Guarantee – no place limits.
  • Family Home Guarantee – 5,000 places.
  • Property value must not exceed $600,000 for the rest of the state.
  • Property value must not exceed $450,000 for the rest of the state.
 Insurance savings depend on the value of your property.
First Home Super Saver Scheme
  • You’re eligible to withdraw up to $15,000 each financial year, with a maximum total of $50,000 over multiple years, to contribute toward your home loan
 Lower cash deposit required to buy.
Home Buyers Assistance

Reimburse some costs associated with the purchase of your first home including mortgage registration fees, solicitor and/or conveyancing fees, valuation fees, inspection fees, mortgage insurance premiums and lender fees.
  • Property value ≤ $400,000
 ≤ $2,000
Keystart
  • A low deposit loan for those who don’t meet the requirements of mainstream lenders.
  • Can buy a house with a deposit between 2% and 10% (subject to property location).
  • No LMI needed.
  • Must meet income limits (subject to property location).
  • Property value ≤$750,000$ (subject to property location)
  • Shared equity schemes available.
 Insurance savings depend on property value.
First Home Owner Grant
  • For new homes only.
  • South of 26th parallel: land and building value≤$750,000.
  • North of 26th parallel: land and building value ≤$1,000,000.
 $10,000
Stamp Duty Exemptions
  • Vacant land purchase to the value of ≤ $300,000 = pay no stamp duty, $350,000-$450,000 = reduced stamp duty.
  • House purchase to the value of ≤ $550,000 = pay no stamp duty, $500,000 – $700,000 = reduced stamp duty.
 Tax savings depend on the value of your property.
Total grants/discounts available ($) Scheme eligibility may be subject to income caps, property value and other criteria.

≤ $12,000

+ tax and insurance savings.

Assessment – Approval – Purchase
It’s VOXFIN’s 24-hour approval promise!

Ready for a quick call? Book now

Am I Eligible for the First Home Guarantee Scheme (2025)?

Eligibility Criteria to Apply

  • Be at least 18 years old
  • Be an Australian citizen or PR
  • Apply as an individual or joint applicant (a maximum of two people)
  • Plan to live in the purchased first home (owner-occupied only)
  • Have not owned property in Australia in the last 10 years

Eligible Property Types

Whether you’re buying a new one or building your own, the FHGS supports a variety of property types. 

  • An existing house, townhouse, or apartment
  • A house-and-land package
  • Vacant land, and a separate contract to build
  • An off-the-plan apartment or townhouse

For approval and settlement, each of these property types comes with unique timing rules. As your mortgage specialists in Melbourne, we help you navigate the rules and regulations, ensuring you don’t miss any critical deadlines.

First Home Guarantee Scheme (2025)

How to Apply Through VOXFIN – Your Step-by-Step Guide

Making your first-home buying journey easy, transparent, and stress-free

Eligibility for the FHGS

Eligibility Check

We’ll confirm your eligibility for the FHGS and any state or territory grants — ensuring you know exactly what you qualify for.

Compare 40+ Lenders

Compare 40+ Lenders

With access to Australia’s top banks and specialist non-bank lenders, we find the best deal for your situation.

Application & Documentation

Application & Documentation

We handle all the paperwork, lodge your application through approved FHGS lenders, and manage communication for faster turnaround.

24-Hour Approval & Smooth Settlement

24-Hour Approval & Smooth Settlement

Once approved, we guide you through every step to ensure a smooth, on-time settlement — without the stress.

First Home Buyer Grants & Stamp Duty Concessions
by State at a Glance

Each state and territory has its own additional grants and stamp duty relief for first-home buyers.

Check yours here –
State / Territory Grant or Concession
VIC First Home Owner Grant & Stamp Duty Concessions
NSW First Home Buyers Assistance Scheme (Stamp Duty) & FHOG
QLD First Home Owner Grant
WA First Home Owner Grant & First Home Owner Rate of Duty
SA First Home Owner Grant
TAS First Home Owner Grant & Duty Concessions
ACT Home Buyer Concession Scheme (Replaced FHOG)
NT Home Owner Assistance (Includes HomeGrown Territory Grant)

Why Choose VOXFIN for Your First Home Loan?

We understand that buying your first home can get overwhelming. When you choose VOXFIN, you’re never alone. While we bring in genuine, expert, transparent guidance, we also promise lightning-fast approvals. We’re both practical and ethical. The goal is to make your homeownership journey seamless!

VOXFIN — Australia’s Trusted Mortgage Partner for First-Home Buyers

Here’s why VOXFIN has become a trusted name among first-home buyers –

  • Direct access to 40+ trusted lenders
  • No upfront fees
  • 24-hour approval guarantee (on eligible applications)
  • End-to-end prompt support – from pre-approval to settlement
  • Expertise with complex cases, even when your case of previously declined
  • Nationwide service coverage – Melbourne, Sydney, Brisbane, Perth, Adelaide, Canberra, Hobart & regional parts of Australia

Empowering Australians to achieve their first homeownership with local expertise and 100% integrity

Mortgage Advisor Melbourne
Mortgage Advisor Melbourne

Want to take the first step today?

With VOXFIN’s First Home Guarantee support, your dream of first homeownership in
Australia could be just a few weeks away!

Get in touch

Why choose us?

We understand the importance of earning your trust in the guidance provided by the mortgage experts at VOXFIN. We can assist you with all types of home loans as well as all other financial lending needs, such as refinancing home loans, car loans, commercial loans, and insurance.

Additionally, we can assist with organising financing to start or grow your business and fund your assets. Our services for finding the right home loan are free of charge to you. Once your loan is settled, the lender compensates us.

About Us

Expert first home buyer loan mortgage brokers at VOXFIN are here to assist you with all first home loans. We simplify the loan process and provide the right information and guidance so you can make sound investment decisions.

We assist Australians throughout the nation. We work with over 40+ lenders in Australia to bring you the best loan option with the lowest interest rate and the most appropriate home loan structure to grow your property portfolio

About Us

Australians have trusted us as expert home loan mortgage brokers for all types of their loans and mortgage needs such as first home buyer loans, refinancing home loans, agribusiness loans, business loan brokers, commercial loan brokers, car loan brokers, asset and equipment finance brokers, SMSF property loans, property development finance brokers, business car loan brokers, bad credit score lenders, medical professionals’ loans, personal loan brokers, and many more to help them find the suitable loans to finance their property dreams.

About Us

Get a Free Consultation

info@voxfin.com.au

03 70652000|0435 393 623

At VOXFIN, we are committed to being with you at every step in your home loan process. We keep your best interests ahead of everything by providing comprehensive solutions powered by our solid industry expertise and deep financial knowledge. This ensures you can confidently make an informed decision, knowing that you have our full support.

Our streamlined home loan borrowing process is designed to alleviate the stress of navigating the complexities of finding the best home loan solution. We’re here to secure the lowest interest rates on your owner-occupied home loan, making the process as smooth and convenient as possible for you.

    All fields are required!





    What Our Customers Say

    Gurdeep Kumar at VOXFIN is a great professional and has deep financial knowledge. He helped me purchase my property under an SMSF. Gurdeep is an expert in SMSF property loans. As an investor, I know SMSF property loans are a lengthy process. From start to settlement, the process was well-informed. Highly recommend Gurdeep Kumar and it’s team at VOXFIN.
    - Ketan Patel
    Thanks to Gurdeep, He is an extra ordinary knowledgeable person with complete grip on ongoing market situations. I sought help from him and he has gone an extra mile.
    Highly recommended.
    - Haris Khan
    VOXFIN is awesome! Gurdeep is super helpful and knows his stuff. He made the whole process simple and guided me step-by-step with great advice. He got me the lowest rate for my land and construction home in Brisbane. Highly recommend Gurdeep and VOXFIN for home loans and financial needs
    - Maria Thomas
    VOXFIN is the best! Gurdeep is friendly, knowledgeable, and made everything easy to understand. He got us an amazing rate for our land and construction home in Brisbane. Couldn’t have done it without him! Five stars all the way!
    - Shino Varghese
    Gurdeep at VOXFIN is fantastic! He helped me get a personal loan with the lowest interest rate, making the process smooth and stress-free. Gurdeep is quick, efficient, and highly professional. Highly recommend VOXFIN for personal loans in Melbourne!
    - Aditya Mushnuri

    Latest Home Loan News and Tips