Purchase house Sydney

Government Incentives and Schemes for Home Buyers and Investors

May 10, 20232 min read

Are you considering buying a home or investing in property in Sydney? As a potential borrower, it's essential to know the various government incentives and schemes available to you. These schemes can provide significant financial benefits and make it easier for you to get a foot on the property ladder.

First Home Loan Deposit Scheme

The First Home Loan Deposit Scheme is a government scheme designed to help first-time buyers purchase a home with a deposit as low as 5%. The scheme allows eligible first-home buyers to apply for a loan with a participating lender without the need to pay Lender's Mortgage Insurance (LMI). This scheme is limited to 10,000 borrowers per year.

New Home Guarantee Scheme

The New Home Guarantee Scheme is a new initiative by the Australian Government that aims to support the construction of new homes. Under this scheme, eligible first-home buyers can apply for a loan with a deposit as low as 5%, and the government will provide a guarantee of up to 15% of the property's value. This scheme is limited to 10,000 borrowers per year.

HomeBuilder Grant

The HomeBuilder Grant is a federal government initiative that provides a grant of $25,000 to eligible home buyers and renovators. The grant is available to those who sign a contract to build a new home or renovate an existing home between 1st January 2021 and 31st March 2023. The grant is means-tested, and eligibility criteria apply.

Stamp Duty Concessions

Stamp duty concessions are available in some states and territories, including New South Wales, Victoria, and Queensland. These concessions can significantly reduce the amount of stamp duty you need to pay when purchasing a property. Eligibility criteria and the amount of the concession vary by state.

Capital Gains Tax (CGT) Exemptions

Investors may be eligible for CGT exemptions if they hold a property for more than 12 months before selling it. This exemption can significantly reduce the amount of tax payable on any capital gains made from the sale of the property.

There are several government incentives and schemes available for home buyers and investors in Sydney. These schemes listed are just some of the ways to make it easier for borrowers to purchase a property. At CCS Lending, we can help you understand which schemes you may be eligible for and guide you through the application process. Contact CCS Lending today to learn more about how we can assist you in taking advantage of these schemes.

General Advice Warning

The information on this site is of a general nature.

It does not take into account your objectives, financial situation or needs.

Before acting on any information, you should consider the appropriateness of the information provided and the nature of the relevant financial product having regard to your objectives, financial situation and needs.

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What is the First Home Loan Deposit Scheme?

The First Home Loan Deposit Scheme (FHLDS) is an Australian Government initiative to help you buy or build your first home sooner. We're proud to continue supporting this initiative.

If you’re eligible you’ll get a limited guarantee from the Australian Government to buy or build your first home with a low deposit of 5%, without paying Lenders Mortgage...

What costs are involved with buying a home?

Ask yourself one simple question, ‘How quickly do I want to get into my first home?’ This will not only determine how much you need to save but also how long it will take you.

The First Home Owners Grant (FHOG), opens in new window is a national scheme funded by the states and territories. It was established to offset the effect of GST on...

Lenders Mortgage Insurance

How Lenders Mortgage Insurance can help you get into your dream home faster.

If you’re finding it difficult to save a 20% home loan deposit, you might still be able to borrow by paying Lenders Mortgage Insurance. We’ll run through how LMI works and what it might mean for you.

The Lender will normally require LMI if you do not have the required home loan deposit (typically 20% of the property value) and the cost is usually passed...

Buying a House: The Upfront Costs

Outside the deposit, this’ll be your biggest upfront cost. Stamp duty varies greatly from state to territory to state and the rules (and exemptions) can seem complicated.

Check out the government websites of your state or territory. But be warned: the various schemes change almost yearly so you’ll need to check and double check.

As of October 2014, if you’re a...

Current Cashback Offer

Terms and conditions, credit criteria, fees and charges apply.

$2k to $4k Refinance Cashback available for new refinance applications. Offer may be varied or withdrawn at any time.

Limit of one cashback payment regardless of the number of applications, applicants, properties, or loans involved per 12-month period. For joint applications, only one cashback payment will be...

85% LVR with LMI waiver or $1 for First Home Buyer Offer

This offer is only available through St George and 86 400 Bank.

For eligible first home buyers with a Loan to Value Ratio (LVR7) up to 85%, the LMI will be reduced to only $1 with St George or NIL with 86 400.

This offer is not an LMI waiver and your clients will be charged $1.00 for LMI which will be reflected in their Loan Offer...

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