First Home Buyer Grant Finder

Your Details

How would you like to calculate your borrowing power and available grants?

Based on Current Rent

Based on Income

Monthly Rent Currently Paying

Annual Household Income (before tax)

State/Territory

Deposit Saved

Ideal Interest Rate

Property Type

I am a first home buyer (never owned property in Australia)

Crunching the numbers...

✨ We've Unlocked:

Join 1,000+ Aussies who claimed these benefits

Join 1,000+ Aussies who claimed these benefits!
Drop your details below to access your savings, full borrowing power report and connect with expert advice 👇

First Name *

Last Name *

Email *

Phone Number *

Your Path to Home Ownership

💰 Your Financial Position

Calculation Method

Available Savings

Estimated Annual Income

Update to Your Actual Income

Enter your actual annual household income (before tax) for more accurate calculations.

Annual Household Income (before tax)

Assessment Rate (Buffer)

9.0%

🏠 Your Buying Options

                        🏆 BEST MATCH: 5% Deposit with Home Guarantee Scheme
                        SAVE ~$15K
                    
🏠 Property Price You Could Afford
$0
Minimum Deposit (5%)
$0
Your Available Savings
$0
✅ Buffer remaining
Loan Amount (95%)
$0
Govt Guaranteed
Estimated Monthly Repayments
$0
30 years
🎁 PLUS Government Grants:

                                Lenders Mortgage Insurance:
                                $0 (Waived!)
                            

                                First Home Owner Grant:
                                +$0
                            

                                Stamp Duty Saving:
                                $0
                            

                                YOUR TOTAL BUYING POWER:
                                $0
                            
✨ Why This Option Is A Good Match:
Buy now instead of saving for years
Save ~$15,000 in LMI fees
No income caps, no waitlist
Government backing gives lenders confidence

                        ⚠️ Property Price Cap: 
                    

Option B: 10% Deposit

Property Price

Required Deposit (10%)

Loan Amount

LMI (added to loan)

~$0

Monthly Repayments

FHOG

About this option: With a 10% deposit, you'll need to pay Lenders Mortgage Insurance (LMI), which adds to your loan. You'll use most or all of your savings, leaving little emergency buffer.

Option C: Traditional 20% Deposit

Property Price

Required Deposit (20%)

Additional $ Needed

Loan Amount

Monthly Repayments

LMI

⏰ Time to save additional amount:

About this option: The traditional 20% deposit avoids LMI but requires significant additional savings. Consider the 5% HGS option to buy now instead of waiting years.

🎁 Government Support You Could Qualify For

Home Guarantee Scheme

Save LMI

~$15,000

First Home Owner Grant

Cash Grant

$10,000

Stamp Duty Concession

Saving

$22,000

TOTAL GOVERNMENT SUPPORT

~$47,000

💡 Want to Save Even More?

First Home Super Saver Scheme (FHSS)

The FHSS lets you save for your deposit INSIDE your super fund with TAX ADVANTAGES. Combine this with your current savings to increase your buying power even more!

📊 How It Works:

Save up to $15,000/year in voluntary super contributions
Maximum $50,000 total across all years
Withdraw to use as home deposit
Get back 85% of pre-tax + 100% of after-tax contributions
Plus earnings calculated by ATO

💰 Example Scenario:

✅ Benefits:

Can be combined with 5% Deposit Scheme
Can be combined with FHOG & stamp duty concessions
Tax-effective way to save faster

Learn more

📋 About the Schemes

Home Guarantee Scheme (5% Deposit)

How it works: The Australian Government provides a guarantee to approved lenders, allowing first home buyers to purchase with just 5% deposit (or 2% for single parents) without paying Lenders Mortgage Insurance.

Eligibility:

Australian citizen or permanent resident, 18+ years old
First home buyer OR haven't owned property in 10 years
Property price below location-specific caps
Owner-occupier home (no investment properties)
No income caps
Unlimited spots, no waitlist

Property Price Caps (Your State):

More info: firsthomebuyers.gov.au

Important Disclaimer: This calculator provides estimates only and should not be considered financial advice. Actual borrowing capacity, grants, and stamp duty will depend on your individual circumstances, lender assessment criteria, current government policies, and property specifics. Interest rates are indicative. Home Guarantee Scheme eligibility and property price caps are subject to change. LMI estimates are approximate. Always consult with a licensed mortgage broker or financial advisor, and verify current grant eligibility with your state revenue office and Housing Australia. Calculations assume: 30-year loan term, principal and interest repayments, owner-occupied property, and standard lending criteria. Grant amounts, stamp duty concessions, and scheme details are current as of November 2025 but may change.

Next steps

Ready to take the next step toward your property goals? Check your eligibility with our Grant Finder, then reach out for personalised guidance on deposits, grants, and approvals. We make building your first home in the South West feel simple and achievable.

Let's Talk

Ben Beven
Finance & Mortgage Broker

Calculator FAQs

Income and Expenses: The calculator assumes the income entered is accurate and does not factor in living expenses or existing debts, which lenders will assess separately.
Interest Rate and Loan Term: A default interest rate of 5.5% and a 30-year loan term are used unless adjusted. Changes to these inputs will affect the results.
Repayment Capacity: The calculation assumes up to 30% of your gross monthly income is allocated to loan repayments.
Indicative Only: Results are estimates and may vary based on individual lender policies and criteria.
Purpose: This tool provides general guidance only and is not a substitute for personalized financial advice or a lender’s assessment.

Calculate my borrowing power

Borrowing power refers to the amount a lender may allow you to borrow based on your income, expenses, debts, and financial situation. It’s an estimate and can vary between lenders.

No, the borrowing calculator provides an estimate only. This estimate would include any existing loans you have. The final amount will depend on a lender's assessment of your full financial situation, including their specific lending criteria.

Approval times can vary between lenders. Generally, pre-approval can take a few days, while full approval may take one to two weeks once all documents are provided. We handle the process and keep you updated every step of the way.

First Home Buyer Grant Finder