If you’re a first home buyer in Australia in 2025, you’ve got more support than ever before. From 1 October 2025, major updates to government schemes have made it easier to buy your first home. With higher property price caps, no income restrictions, and expanded concessions, now is the perfect time to understand what you qualify for.
At Hayes Financial, we specialise in helping first home buyers take advantage of every grant, scheme, and concession available. Here’s a breakdown of the 2025 First Home Guarantee, the First Home Super Saver Scheme, and stamp duty concessions by state.
First Home Guarantee (FHG) – 2025 Changes
The First Home Guarantee 2025 is one of the most powerful tools for new buyers. Here’s what’s changed:
- Unlimited places – no more waiting lists or missed spots.
- No income caps – all buyers can apply, regardless of income.
- Higher property price caps – reflecting today’s property market.
- 5% deposit still required, but you avoid paying Lenders Mortgage Insurance (LMI), which can save you tens of thousands.
Updated Property Price Caps (Metro)
- NSW: up to $1,500,000
- VIC: up to $950,000
- QLD: up to $1,000,000
- SA: up to $900,000
- WA: up to $850,000
- TAS: up to $700,000
- ACT: up to $1,000,000
- NT: up to $600,000
To qualify, you must be a first home buyer (or not have owned property in the last 10 years), plan to live in the home, and have at least a 5% deposit.
First Home Super Saver Scheme (FHSSS)
The First Home Super Saver Scheme helps you boost your deposit using your superannuation.
- You can make voluntary contributions to super (before-tax or after-tax).
- Later, you can withdraw those contributions plus earnings to use as a deposit.
- The tax savings mean you can grow your deposit faster than saving in a regular account.
This scheme works best when combined with the First Home Guarantee, giving you both deposit support and LMI savings.
Stamp Duty Concessions for First Home Buyers – State by State
Stamp duty is one of the biggest upfront costs for first home buyers. Here’s a summary of what’s available in 2025:
- ACT – Full exemption up to $1,000,000. Partial concessions apply above this if you meet income caps.
- NSW – No duty on homes up to $800,000. Discounts between $800,000 – $1,000,000.
- VIC – No duty up to $600,000. Concessions between $600,000 – $750,000.
- QLD – No duty up to $700,000, with concessions available above this.
- WA – No duty up to $450,000, with concessions up to $600,000.
- SA – Exemptions available on new builds and certain properties for eligible first home buyers.
- TAS – Concessions available up to $750,000.
- NT – Exemptions for new homes, with conditions depending on property value.
Example: First Home Buyer in 2025
Let’s say you’re buying a home in Canberra for $1,000,000. You’ve saved a 5% deposit ($50,000).
- Under the First Home Guarantee, your 5% deposit is accepted, and you avoid paying LMI (a saving of around $30,000).
- In the ACT, you qualify for a full stamp duty exemption up to $1,000,000, saving you tens of thousands more.
- If you’ve also been making voluntary contributions under the FHSSS, you could withdraw extra savings from super to cover legal, inspection, or moving costs.
Result: Your upfront costs are reduced dramatically, making it possible to buy your first home sooner and with far less financial stress.
What to Do Next
- Check the updated First Home Guarantee property price cap in your state.
- Calculate your borrowing power and purchasing power – we can help you with this.
- Save your 5% deposit and plan for upfront costs.
- Explore whether the First Home Super Saver Scheme can boost your savings.
- Review your state’s stamp duty exemptions to see how much you’ll save.
- Get pre-approval with a participating lender so you’re ready to act when the right property comes along.
Why Work With Hayes Financial?
At Hayes Financial, first home buyers are our passion. We’ll guide you through every step – from calculating your borrowing power to unlocking every scheme and concession you qualify for. With the October 2025 changes, there has never been a better time to buy your first home, and we’re here to make sure you don’t miss out.