Find out which scheme or grant is for you

First Home Loan Deposit Scheme

Buy your home with as little as 5% deposit and no Lenders Mortgage Insurance.

To be eligible you must:

  • Not have owned or had an interest in residential property.

  • Be an Australian citizen of at least 18 years age.

  • Meet income and property price threshold requirements of the scheme.

  • Have a deposit of between 5% and 20% of the property’s value.

  • Meet all the eligibility criteria under this scheme.

First Home Super Saver Scheme

Use your super to help save for your deposit.

To be eligible you must:

  • Not have owned property in Australia before.

  • Be an Australian citizen of at least 18 years age.

  • Not previously had funds released from superannuation under this scheme.

  • Meet all the eligibility criteria under this scheme.

HomeBuilder Grant

Get a $25,000 grant towards renovating or building your new home. *

To be eligible you must:

  • Be an owner-occupier, not a residential investor.

  • Be an Australian citizen of at least 18 years age.

  • Enter into a building contract between 4 June 2020 - 31 December 2020 to either build a new home or renovate an existing home.

  • Meet all the eligibility criteria under this scheme.

    * Application process and eligibility criteria varies by state or territory.

First Home Owner Grant

Get access to a one-off grant for the purchase or build of a new home. *

To be eligible you must:

  • Not have owned property in Australia before.

  • Be an Australian citizen or a permanent resident of at least 18 years age.

  • Be an owner-occupier, not a residential investor.

  • Meet all the eligibility criteria under this scheme.

    * Application process and eligibility criteria varies by state or territory.

HomeBuilder Grant

Get a full or partial exemption on stamp or transfer duty for your first home. *

To be eligible you must:

  • Not have owned property in Australia before.

  • Be an Australian citizen or a permanent resident, of at least 18 years age.

  • Be an owner-occupier, not a residential investor.

  • Meet all the eligibility criteria for your state or territory.

    *Application process and eligibility criteria varies by state or territory. For more information, select your state or territory at:

Important information

The information contained in this article is intended to be of a general nature only. It has been prepared without taking into account any person’s objectives, financial situation or needs. Before acting on this information, NAB recommends that you consider whether it is appropriate for your circumstances. NAB recommends that you seek independent legal, financial and taxation advice before acting on any information in this article.