Don’t Leave Thousands on the Table: First Home Buyer Concessions You Could Be Missing
If you’re preparing to buy your first home, one of the biggest risks isn’t interest rates or competition — it’s missing out on concessions and schemes you’re actually eligible for.
Every year, first home buyers overpay simply because they didn’t know what support was available or assumed they wouldn’t qualify.
The good news? A few of the right concessions can reduce your upfront costs by thousands of dollars and help you buy sooner.
Stamp Duty Concessions: The Biggest Immediate Saving
Stamp duty is often one of the largest upfront costs when buying a home — and for many first home buyers, it can be reduced or eliminated altogether.
Depending on your state and purchase price, you may be eligible for:
- Full stamp duty exemption
- Reduced (concessional) stamp duty
- Concessions on vacant land if you’re building
These savings can mean keeping tens of thousands in your pocket — or using that money toward your deposit or buffer instead.
Grants & Schemes That Can Help You Buy Sooner
There are multiple government initiatives designed specifically to help first home buyers enter the market — but eligibility rules aren’t always obvious.
You may qualify for:
- First Home Owner Grant (state-based, often for new homes)
- The First Home Guarantee (buy with a smaller deposit, often without LMI)
- Regional or family-focused guarantee schemes
- First Home Super Saver Scheme (use super to boost your deposit)
The challenge isn’t that these options don’t exist — it’s knowing which ones apply to you and how to structure your purchase correctly.
Why Many Borrowers Miss Out
Most borrowers don’t miss concessions because they’re ineligible — they miss them because:
- They speak to the wrong lender too late
- They assume they need a 20% deposit
- They don’t check state-specific rules
- They commit to a property before getting advice
Once contracts are signed, it’s often too late to optimise the outcome.
Get Clarity Before You Commit
The smartest move isn’t guessing or relying on online calculators — it’s getting clarity early.
A short strategy session can confirm:
- What concessions and grants you’re eligible for
- How much you can realistically borrow
- Whether you can buy sooner than you think
- How to structure your loan correctly from day one
Ready to Find Out What You Qualify For?
If you’re serious about buying your first home, don’t risk overpaying or missing support you’re entitled to.
A quick conversation could save you time, stress, and a significant amount of money.
