FHB (First Home Buyer) schemes

First Home Buyer schemes are a patchwork of federal and state programs aimed at owner-occupier first buyers. The federal First Home Guarantee (formerly First Home Loan Deposit Scheme) lets eligible buyers purchase with just a 5% deposit without paying LMI, with the government effectively guaranteeing the rest. The federal First Home Super Saver Scheme lets you save up to $50,000 of deposit inside super at the concessional tax rate. Each state then runs its own stamp duty concession or exemption (NSW thresholds, VIC FHB exemption to $600k with concession to $750k, QLD FHOG, WA FHOG plus rebate, etc.). All schemes have income caps, property price caps, and 'must be a genuine first home buyer' eligibility. None apply to property investors.