Client Login
Your Sunshine Coast First Home Buyer Mortgage Brokers
June 11, 2025 • 5 minutesBuying your first home is a huge milestone, but it’s also a big financial step. If you’ve been wondering how much the first home buyers grant is or what the first home buyers grant is, you’re not alone. With different grants, government schemes, and ever-changing housing prices, it’s no wonder first-time buyers can feel overwhelmed.
That’s where working with trusted first-home buyer mortgage brokers on the Sunshine Coast, like Inovayt, can make all the difference. We help simplify the process, explain your options, and ensure you’re getting the best deal for your situation.
So let’s look at how first home buyer support works in 2025, and how you can make the most of what’s available.
Contents
What Is the First Home Buyers Grant?
So, what is the first home buyers’ grant? The first home buyers’ grant is a government payment designed to help first-time buyers break into the housing market. It’s usually a one-off payment that can go toward your deposit or other costs involved in buying a home.
The grant amount and eligibility criteria vary depending on the state or territory, and they can change without much notice. That’s why it’s always smart to double-check the current details via official websites or speak to a mortgage broker in Australia who stays across these updates.
How Much Is the First Home Buyers Grant?
If it’s subject to change, how much is the first home buyers’ grant right now? Here’s a general snapshot across Australia as of 20 May 2025.
Note: This info may change, so please refer to the official government sites listed at the bottom for the most accurate and up-to-date details.
| State/Territory | Grant Amount | Eligibility Notes |
| QLD | $30,000 | For new builds only. Property price caps apply. |
| NSW | $10,000 | For new homes under $600,000 or building contracts up to $750,000. |
| VIC | $10,000 | For new homes under $750,000. Regional boosts no longer apply. |
| SA | $15,000 | For new homes valued up to $650,000. |
| WA | $10,000 | For new builds only. Value limits vary by location. |
| TAS | $30,000 | Available for eligible first home buyers building or buying new. |
| NT | Up to $10,000 in support | No grant, but other schemes in place. |
| ACT | No grant | Offers stamp duty concessions instead. |
Prepared 20 May 2025. Please refer to your state’s website for updates and full eligibility criteria.
First Home Owner Grant vs First Home Guarantee – What’s the Difference?
It’s easy to confuse the First Home Owner Grant (FHOG) with the First Home Guarantee (FHG), but they’re not the same.
The FHOG is a one-off payment to help you with costs. It’s available through state or territory governments and usually requires you to buy or build a new home.
The FHG, on the other hand, is part of a federal scheme under Housing Australia. It helps eligible buyers purchase a home with a deposit as low as 5%, without needing to pay lenders mortgage insurance (LMI). The government acts as a guarantor on the rest.
You can access both at the same time (if you qualify), which could help you secure your home sooner and save thousands on upfront costs.
If this sounds a bit confusing, don’t worry. The team at Inovayt can walk you through what applies to your situation.
First Home Buyer Benefits You Shouldn’t Miss
Beyond the grants and guarantees, other first home buyer benefits can help reduce the upfront cost of buying a home. These might include:
- Stamp duty concessions (offered in many states for eligible first-home buyers)
- Superannuation access via the First Home Super Saver Scheme
- Regional-specific incentives and shared equity programs
With so many different schemes available, it’s worth taking the time to understand what you’re eligible for and how each option fits with your goals.
Why Work With Mortgage Brokers on the Sunshine Coast?
The Sunshine Coast continues to attract first-time buyers looking for lifestyle, value, and future growth. But even with good planning, getting into the market can still feel overwhelming.
A local mortgage broker will:
- Compare a wide range of lenders (not just the big banks)
- Explain each option in plain language
- Help you apply for relevant grants or schemes
- Guide you through pre-approval, paperwork, and settlement
Our team at Inovayt has helped hundreds of first-time buyers get into their first home with less stress and more confidence.
Let’s Make Your First Home Happen
Buying your first home doesn’t have to feel out of reach. With the right support and up-to-date advice, you can make confident choices that suit your budget and your future.
If you’ve been asking yourself how much the first home buyers grant is or what the first home buyers grant is, we’re here to help you get real answers. And if you’re unsure which schemes you’re eligible for, or how much deposit you need, our expert brokers can guide you through every step.
Reach out to Inovayt today and let’s get started on your first home journey together.
