If you’re trying to buy your first home, it can feel like you’re doing it alone.
Saving a deposit.
Figuring out loans.
Trying to make the numbers work.
But here’s something most buyers don’t realise.
There’s actually a lot of support available.
And when you understand how it all fits together…
getting into the market can become far more achievable than it first seems.
Help to Buy Scheme
The Help to Buy scheme is a shared equity program designed to reduce your deposit and how much you need to borrow.
With this option:
- the government can contribute up to 40% for a new home
- or up to 30% for an existing home
- you only need at least 2% deposit
This means your loan is smaller — which can lead to lower repayments.
You still live in the home and build equity over time, while sharing ownership with the government.
For some buyers, this creates a more manageable path into the market.
Home Guarantee Scheme
The Home Guarantee Scheme is one of the biggest supports available.
It allows eligible buyers to:
- purchase with as little as 5% deposit
- avoid paying Lenders Mortgage Insurance (LMI)
LMI can cost tens of thousands of dollars.
So removing it makes a significant difference to your upfront costs.
For many buyers, this is what makes buying possible sooner.
First Home Owner Grant
The First Home Owner Grant is a one-off payment for buyers purchasing or building a brand-new home.
Depending on your state, it usually ranges from $10,000 – $30,000
It can be used to help cover upfront costs or boost your deposit.
While it’s a helpful contribution, it’s typically one part of a broader strategy rather than the full solution.
Stamp Duty Concessions
Stamp duty is one of the biggest upfront costs when buying a home.
But many first home buyers pay reduced stamp duty — or none at all.
Depending on your state and purchase price:
- you may receive a full exemption
- or a significant discount
This can save anywhere from $10,000 to $30,000+, which can dramatically reduce how much you need to get started.
First Home Super Saver Scheme
The First Home Super Saver Scheme allows you to use voluntary super contributions to help build your deposit.
Because super is taxed at a lower rate, your savings can grow more efficiently over time.
You can withdraw up to $50,000 per person in contributions made for this purpose.
It’s not early access to your full super — just a structured way to boost your deposit.
MWC $10k Deposit Boost™
On top of government support, we also offer our $10k Deposit Boost™ to eligible buyers.
It’s a gift, not a loan, designed to help cover part of your deposit or upfront costs.
When combined with other pathways, it can be the piece that helps close the gap and get you into the market sooner.
Where it all comes together
Individually, these supports are helpful.
But where things really change is when they’re combined.
For example:
- a low deposit pathway
- plus a grant
- plus reduced stamp duty
- plus additional support
Suddenly, the amount you need upfront can drop significantly.
And what once felt out of reach…
starts to feel possible.
The takeaway
Most first home buyers don’t get into the market by saving a huge deposit on their own.
They get in by understanding what’s available — and using it the right way.
Because it’s not about one scheme.
It’s about how everything works together.
The question isn’t:
“Do I have enough saved?”
It’s:
“What support is available to help me get started sooner?”
Pre-qualify and see if you can own
