Following the Reserve Bank of Australia's announcement on Tuesday 3 May, we have released information on interest rate changes. View details
As an eligible home buyer, builder, or renovator you could receive up to $55,000 in state and federal grants, and pay as little as a 5% deposit to get started.
Amount: $25,000
Expiry: 31 December 2020
HomeBuilder grants are available for people who enter into a contract to build a new home or undertake substantial renovations to their existing home.
Key features:
Main criteria:
More information, including full eligibility criteria is available on the Australian Government Treasury website.
Amount: $20,000
Expiry: Extended - construction to be commenced 12 months from date of the contract, up until 31 December 2021.
Building Bonus grants are available for people who enter into a contract to build a new home on vacant land or purchase a new home being constructed under a single-tier development on a strata plan or other land survey type.
Key features:
Main criteria:
More information, including full eligibility criteria is available on the WA Government grants website.
Amount: $10,000
Expiry: TBC
The first home owner grant (FHOG) is a payment to assist first home buyers to buy or build a new (or substantially renovated) residential property for use as your principal place of residence.
Key features:
Main criteria:
More information, including full eligibility criteria is available on the Department of Finance website.
The First Home Loan Deposit Scheme New Home Guarantee is an Australian Government initiative to support eligible first home buyers purchase a home sooner. It does this by providing a guarantee that will allow eligible first home buyers to purchase a home with a deposit of as little as 5% without needing to pay for Lenders Mortgage Insurance (LMI)..
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