Overview
Entering the property market can be a daunting prospect. At Felix, we specialise in helping first home buyers get on the property ladder faster - and for less.
Your options as a first home buyer will depend on whether or not you need additional help to borrow what you need. A range of loans exist to address the specific challenges faced by first time buyers, and often can have a lower upfront cost than a standard home loan, with more flexible requirements. This includes Australian government schemes designed for first home buyers.
Understanding your borrowing capacity, saving requirements, and eligibility for government support are essential first steps in your home buying journey. The right loan can make a significant difference to your long-term financial position as you begin building equity in your first home.
Loan options
First Home Guarantee Scheme
Regional First Home Guarantee Scheme
Lender's mortgage insurance (LMI)
Deposit loans
Guarantor loans
Deposit bond
Gifted deposit
Shared ownership
State government schemes
In addition to the loans mentioned above, there are other programs and measures designed to help first home buyers.
Many of these are government measures, such as the first home buyer stamp duty concessions, the First Home Super Saver Scheme, and the First Home Owner Grant. These often can be used in conjunction with a loan; for example, if you qualify for first home stamp duty concessions, these apply regardless of which home loan option you choose.
As of April 2025, in the lead up to the 2025 Australian Federal Election, both the Labor Party and the Liberal National Party have announced policies designed to improve accessibility for first home buyers.
Calculators
FAQs
