A deep dive into Australia’s national and state first buyer schemes in 2025
In this episode of the First Property Buyer Show, host Emilie Lauer sits down with Dr Diaswati Mardiasmo, chief economist at PRD, to unpack all the first home buyer’s schemes available in Australia.
The conversation begins with Mardiasmo sharing her property journey, stressing the importance for first property buyers to understand their financial limits and avoid buying above their means.
The duo then outlines the federal and state schemes available, including the First Home Guarantee Scheme, which allows buyers to purchase with just a 5 per cent deposit and no lender’s mortgage insurance, and the Help to Buy Scheme, where the government can co-purchase up to 40 per cent of the property for a 2 per cent deposit.
Another option is the First Home Super Saver Scheme, which allows buyers to use voluntary super contributions towards a deposit, provided they have made additional voluntary super contributions.
Additionally, individual states offer specific grants, each with varying amounts, price caps, and occupancy requirements.
While Australia’s first home buyer landscape is filled with schemes aimed at easing the path to ownership, Mardiasmo urges buyers to align their property choices with lifestyle goals and long-term plans and to seek professional guidance when navigating complex financial decisions.
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