q Home Guarantee Scheme (HGS) - https://www.housingaustralia.gov.au/support-buy-home
§ Your contribution: 5% deposit, Govt guarantees 15% of the value of your home
q First Home Owners Grant - https://www.sro.vic.gov.au/first-home-owner/applying-first-home-owner-grant
§ $10,000 grant when you buy or build your first home
q BuyAssist (Private sector program) - https://buyassistaustralia.com.au/
§ Your contribution: $0
§ BuyAssist contributes up to 25%
§ No Lenders Mortgage insurance which is usually payable when loan more than 80%
q Shared Equity Scheme - https://www.sro.vic.gov.au/homebuyer
§ Your contribution: 5%
§ Govt contributes: Up to 25% for equivalent share
§ No Lenders Mortgage insurance which is usually payable when loan more than 80%
q Stamp duty - https://www.vic.gov.au/our-plan-help-first-home-buyers
§ $0 stamp duty if purchase price is $600,000 or less
§ Duty is tapered when purchase prices is between $600,000 and $750,000
q Stamp duty concession (VIC only) - https://www.vic.gov.au/our-plan-help-first-home-buyers
§ Stamp duty applies only on the land for Off the plan purchase when it will be your principal place of residence
See more information about First Home Buyer
