Mortgage Broker Brisbane | First Home Buyer Grants & Schemes 2025 I Mortgage Matrix

Key Updates to First Home Buyer Grants and Schemes (October 2025)

The Australian Government has expanded access to support schemes under the Home Guarantee Scheme (HGS) and introduced the Help to Buy shared equity program. Here’s what you need to know:

1. Unlimited Places Under the Home Guarantee Scheme

As of 1 October 2025:

• No more quotas — every eligible first home buyer can access the scheme.

• No income caps — higher income buyers can also apply.

• Higher property price caps — giving buyers access to homes in more suburbs.

For example:

• In Queensland, the cap has risen from $700,000 to $1,000,000.

• In NSW, the cap increased from $900,000 to $1,500,000.

This means you can buy a home with as little as a 5% deposit, while avoiding costly Lenders’ Mortgage Insurance (LMI).

👉 Before you start house hunting, check how much you could borrow using our Borrowing Capacity Calculator.

2. Help to Buy Shared Equity Scheme

The Help to Buy program allows the government to co-invest in your property:

• The government contributes up to 30% (new homes) or 25% (existing homes).

• You borrow less from the bank, which means lower repayments.

• You will need to repay the government’s share when you sell or refinance.

This could be especially attractive in cities like Brisbane, where property prices are still climbing, but buyers want to reduce their loan size.

State-Based First Home Buyer Grants and Incentives

On top of federal support, each state and territory offers its own first home buyer grants, stamp duty concessions, and shared equity programs:

• Queensland: First Home Owner Grant of up to $30,000 (for new homes). Plus, stamp duty concessions for eligible first home buyers.

• New South Wales: First Home Buyer Assistance Scheme, stamp duty exemptions, and a $10,000 FHOG for new homes.

• Victoria: $10,000 FHOG for new homes, duty concessions, and the Victorian Homebuyer Fund shared equity scheme.

• Western Australia: FHOG, transfer duty concessions, and the Keystart low-deposit home loan.

• South Australia, Tasmania, ACT, NT: Each has grants and duty concessions — amounts vary, so check your state’s current rules.

Mortgage Matrix Tips: How to Make the Most of 2025 Home Buyer Grants

1. Stack Your Benefits
   Many grants and concessions can be used together. For example, a FHOG + HGS + stamp duty exemption could slash your upfront costs.

2. Know Your Borrowing Power First
   Even with a smaller deposit, you need to be confident you can afford repayments. Use our borrowing power calculator to get an estimate in seconds.

3. Consider the Long-Term
   Shared equity means giving up a slice of future gains. Speak with a broker to weigh up short-term savings against long-term equity growth.

4. Apply Early
   Some state grants must be applied for before signing contracts. Get advice upfront to avoid missing out.

Why Work With a Mortgage Broker in Brisbane (and Beyond)?

With so many grants, schemes, and lender policies changing in 2025, navigating the process alone can be overwhelming.

At Mortgage Matrix:

• Our main office is in Brisbane, giving us strong knowledge of the local property market.

• We also service clients nationally, from the Gold Coast to Perth and everywhere in between.

• We compare 40+ lenders to find you the best deal and ensure you maximise every available grant.

Next Steps

If you’re ready to buy your first home in 2025, now is the time to act. With unlimited places under the Home Guarantee Scheme and expanded property price caps, more Australians — including Brisbane buyers — can purchase sooner with a smaller deposit.

💡 Start today by checking your borrowing capacity:
👉 Calculate Your Borrowing Power

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