The 2021-22 Federal Budget has been delivered and there are some great incentives for home buyers. Let’s take a look!

First Home Super Saver Scheme (FHSSS)
The FHSSS allows you to save money for your first home using your super fund. The maximum amount you were able to release through this scheme was $30,000 but has now been raised to $50,000. Given low bank interest rates, this could be a great way to really make your savings work.

Family Home Guarantee
This is a new government scheme that will provide single parents with dependents the chance to build a new home or purchase an existing home with a 2% deposit without having to pay lender’s mortgage insurance. There will be 2,500 First Home Guarantees available each year for four years.

We’re expecting that this will be a competitive process to qualify so please get in touch if you’re interested and we’ll help you understand your options and see if you’re eligible for this scheme.

First Home Loan Deposit Scheme (FHLDS) 

If you have a 5% deposit and are looking to build a new home or purchase a newly built home, this scheme could help you get into the property market sooner. Also known as the New Homes Guarantee, this will provide an additional 10,000 places for recipients.

Saving a 5% deposit for a home is still a challenge, but we can discuss your options here too if you are interested in buying new.

There are eligibility criteria and state to state varying property price caps and, again, this will be competitive, but please let us know if you’re interested and we’ll do everything we can to set you up.


The downsizing rule change means 60 year-olds can sell a big home, buy a smaller one, and put $300K each into super. This was previously only available for 65 year-olds and over and is a great incentive to boost your super.

Business Owners

The instant asset write off scheme will now continue for another 12 months, giving business owners the chance to use it for all eligible assets acquired from 7.30pm on October 6, 2020, and first used or installed by June 30, 2023.

We’d love to help you take advantage of any of these government incentives. Just let us know what interests you and we’ll take a look at your eligibility and how we can set you up for success.