The Finance Algorithm
§ Tool · tier 2 · independent

First Home Buyer Scheme Navigator.

Find all grants, schemes, and concessions you're eligible for

Live dataFree, no signupOn-deviceLiveupd August 2026
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$
$650k
$
$125k

Combined gross annual income

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Australia has many first home buyer schemes - federal, state, and local. Our AI searches all current programs and tells you exactly which ones you qualify for, how to apply, and how much you could save.

§ Worked examples

Real-world scenarios

Sydney First Home Buyer

Emma earns $95,000 and wants to buy a $720,000 apartment in NSW as her first home.

Inputs

state:NSWpropertyValue:720,000propertyType:Existing HomehouseholdIncome:95,000

Emma qualifies for: First Home Guarantee (avoid ~$34,000 LMI on a 5% deposit - no income cap applies), NSW stamp duty exemption (save ~$26,600, since $720,000 is under the $800,000 full-exemption threshold). Total potential savings: around $60,600.

Melbourne Couple Buying New

Jake and Sophie have combined income of $160,000 and are buying a $650,000 new build.

Inputs

state:VICpropertyValue:650,000propertyType:New BuildhouseholdIncome:160,000

They qualify for: First Home Owner Grant ($10,000), stamp duty concession (~$22,700 saving on the sliding scale between $600,000 and $750,000), and First Home Guarantee (avoid LMI with 5% deposit - no income cap applies).

§ FAQ

Questions Australians ask

§ Glossary

Plain-English definitions

First Home Guarantee (FHBG)
Federal scheme allowing eligible buyers to purchase with as little as a 5% deposit without paying LMI. The government guarantees up to 15% of the loan. No income caps or annual place limits apply since 1 October 2025 - eligibility is now gated only by the property price cap for your state/region.
First Home Owner Grant (FHOG)
State-based cash grant for first home buyers, typically for new builds. Amount varies by state, from $10,000 up to $30,000 in Queensland and $50,000 for the Northern Territory's HomeGrown Territory Grant.
Help to Buy
Federal shared equity scheme, live since December 2025, where the government contributes up to 40% of a new home's cost (30% for existing), reducing your mortgage and repayments. Income-capped and can't be combined with the First Home Guarantee on the same purchase.