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 property in Australia before

  • be an eligible first home buyer

  • be an Australian citizen, aged 18 or over

  • meet income and property price threshold requirements

  • have a deposit of at least 5% in genuine savings.

Family Home Guarantee

Buy your own home with the Family Home Guarantee (FHG) with a deposit as small as 2% deposit and no Lenders Mortgage Insurance. 

To be eligible you must:

  • not currently own a home, but you may have owned property in Australia before

  • be a single parent with at least one dependant living with you

  • be an Australian citizen, aged 18 or over

  • meet income ($125,000 per year) and property price threshold requirements

  • have a deposit of at least 2% in genuine savings.

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.

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.

Stamp duty concessions

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.