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Your keys.
Closer than you think.
From government grants to your first mortgage — we guide Australian first home buyers through every step of the journey, saving you thousands along the way.
3,800+
$32K
95+
4.9★†
Grants & schemes you may qualify for
Most first home buyers leave money on the table. Between federal schemes and state grants, you could access up to $80,000+ in support. Here's exactly what's available.
Federal Government Schemes
First Home Guarantee
35,000 places/yr
Buy with just a 5% deposit and no Lenders Mortgage Insurance. The government guarantees the remaining 15%, saving you up to $30,000+ in LMI.
Saves ~$15,000–$35,000 in LMI
Eligibility Criteria
- Australian citizen or PR
- Income under $125K (single) or $200K (couple)
- Owner-occupier — not investor
- Property price cap varies by state
State & Territory Grants
First Home Owner Grant
$30,000New homes under $750K purchase price
Stamp Duty Concession
Up to $8,750First homes under $550K
First Home Guarantee (Federal)
5% deposit acceptedNo LMI — government guarantees 15%
Grant amounts and eligibility change periodically. Your Fairbanks broker will confirm the latest figures at the time of application.
Building a new home? The FHOG is for you.
The First Home Owner Grant applies to new builds only — not established homes. If you're planning to build, a construction loan lets you access the grant while paying interest only on funds drawn at each stage. QLD buyers can combine the $30,000 FHOG with a 5% deposit under the First Home Guarantee.
How much can you borrow?
Adjust the sliders to get an instant estimate. This is a guide only — your Fairbanks broker will get the exact figure from your lender.
Buying situation
Estimated borrowing power
$276,052Moderate estimate at 6.14% p.a. over 30 years
Conservative
$234,644Maximum
$298,136Purchase summary
Did you know? With the First Home Guarantee you may be able to avoid $5,869 in LMI with just a 5% deposit — ask your broker.
This is an estimate only, not a credit assessment or pre-approval.
Search the property
you're eyeing
Before you fall in love with a property, know what it's actually worth. Get estimated value, suburb growth, comparable sales and rental yield — free, instant, no login.
Estimated Value
$982K
12m Growth
Yield
4.1%First Home Buyer Readiness Tracker
Tick off each task as you complete it. Watch your readiness score rise — and know exactly what to tackle next.
Financial Readiness
0 of 6 completed
I have at least 5% deposit saved
I have 3-6 months of living expenses as emergency fund
I have checked my credit score
I have paid off (or reduced) high-interest debts
I have 3 months of consistent savings history
I understand stamp duty costs in my state
Your complete first home
buying roadmap
8 steps from first thought to holding your keys. Click each step to expand the details.
Step 01
Know your numbers
Before falling in love with a property, understand your borrowing power, deposit requirements, and ongoing costs.
What to do at this step:
- 1Calculate your borrowing power using our estimator above — or get the exact figure with a pre-assessment from your broker
- 2Aim for at least 5–20% of purchase price as deposit (plus 3–5% for costs like stamp duty, legal fees, and building inspection)
- 3Factor in ongoing costs: council rates, strata levies (if applicable), insurance, and maintenance
- 4Check your credit score for free via Equifax, Experian, or illion — lenders will review this
Fairbanks Tip
A credit score above 650 opens the most competitive rates. Pay down credit cards before applying.
First home buyer
FAQs answered
We get these questions every day. Here are the honest, jargon-free answers — and if you have one we haven't covered, your broker is one call away.
Oliver Brennan
First Home Buyer Specialist
“I bought my first home just 5 years ago. I know exactly how overwhelming the process feels. Let me walk you through it — step by step.”
Book a free call with OliverThe minimum is 5% of the purchase price — and with the First Home Guarantee, you avoid Lenders Mortgage Insurance on top. However, having 10–20% gives you access to more lenders and lower rates. Your Fairbanks broker will run the numbers for your specific situation.
General Information Warning: The information on this page is general in nature and does not constitute personal financial advice. Government grant amounts and eligibility criteria are subject to change — confirm current figures with your broker or the relevant state authority. Before acting on any information, consider its appropriateness to your circumstances and seek independent professional advice. Consolidated Funding Group Pty Ltd t/as Fairbanks Financial Group | ACR 481272 | FBAA m-330508 | AFCA #48367.
Your first home is
closer than you think.
Most of our first home buyers are genuinely surprised at how much they can borrow — and how much government support is available. A 30-minute conversation with a Fairbanks broker changes everything.
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†Based on verified Google reviews. Rates indicative only and subject to change. Credit criteria apply. Free service — lender pays our commission.