But here’s the good news: there’s a wide range of federal and state-based grants designed to help first home buyers fast-track their dream of homeownership. And with expert guidance from Stellar Finance Group, navigating these options has never been easier.

The Challenge: Saving for a 20% Deposit in 2025

The numbers speak for themselves. As of 2025, here’s how long it takes to save a 20% deposit for an entry-level property:

• Sydney: 6 years, 9 months
• Canberra: 5 years, 7 months
• Brisbane & Adelaide: 5 years, 6 months
• Melbourne: 5 years, 1 month
• Hobart: 4 years, 11 months
• Perth: 4 years, 6 months
• Darwin: 3 years, 5 months

With rising property values and living costs, traditional deposit-saving timelines just aren’t realistic for many Australians. That’s where grants and financial schemes come in.

Fast-Tracking Your First Home Purchase

There are multiple pathways that can help reduce the upfront cost of buying a home. From low-deposit home loan options to superannuation-based savings schemes and stamp duty exemptions, understanding what’s available can make all the difference.

Federal Government Schemes for First Home Buyers

First Home Guarantee (FHBG)

The First Home Guarantee allows eligible buyers to purchase a property with just a 5% deposit. The federal government guarantees up to 15% of the property’s value, meaning buyers don’t need to pay Lenders Mortgage Insurance (LMI).

First Home Super Saver Scheme (FHSSS)

This initiative lets you make voluntary contributions to your superannuation (up to $50,000), which can later be withdrawn for a house deposit. Learn more here.

Regional First Home Buyer Guarantee

Designed specifically for buyers in regional areas, this scheme also supports purchases with a 5% deposit and no LMI. More details here.

State and Territory-Based Grants and Concessions

Each state and territory in Australia offers unique incentives for first home buyers. Here’s a quick breakdown:

New South Wales

First Home Buyer Assistance Scheme – Stamp duty exemptions or concessions on homes valued up to $800,000.
View NSW details

Victoria

First Home Owner Grant & Stamp Duty Exemptions – $10,000 grant for new homes under $750,000.
View VIC details

Queensland

First Home Owner Grant – $30,000 grant for new builds up to $750,000.
View QLD details

South Australia

FHOG + Property Value Cap – $15,000 grant for homes under $650,000.
View SA details

Western Australia

FHOG + Duty Concessions – $10,000 grant plus stamp duty relief.
View WA details

Tasmania

FHOG + Duty Discount – $30,000 grant for new homes and discounts for properties under $600,000.
View TAS details

Australian Capital Territory

Stamp Duty Waiver – Full exemption for properties under $750,000.
View ACT details

Northern Territory

FHOG + Household Goods Grant – $10,000 FHOG plus up to $2,000 toward furnishings.
View NT details

How Stellar Finance Group Can Help

At Stellar Finance Group, we take the complexity out of the equation. Our expert brokers work with first home buyers to:

• Assess your eligibility for local and national grants
• Compare and apply for low-deposit loan products
• Structure your finance to maximise benefits and minimise costs

Whether you’re months into saving or just getting started, we’re here to guide you every step of the way.

Conclusion

With the right advice and access to government support, your first home could be closer than you think. Don’t let traditional saving timelines hold you back — reach out to the Stellar Finance Group team today and let’s fast-track your property journey together.

FAQs

1. Who qualifies for the First Home Guarantee?
Australian citizens over 18 with taxable income below $125,000 (single) or $200,000 (couples).

2. What is the income threshold for government grants?
It varies by scheme and state but generally aligns with FHBG limits.

3. Can I use FHSSS if I already own investment property?
No — you must never have owned any property in Australia.

4. How much can I save with stamp duty exemptions?
You could save anywhere from $10,000 to $30,000 depending on the state and value of your property.

5. Is it better to wait or buy now with a smaller deposit?
It depends on your circumstances. Buying sooner with a smaller deposit (using FHBG) might save you years in rent. Let’s chat about your situation.