First Home Super Saver Scheme (FHSS). What is the FHSS Scheme?   The First Home Super Saver Scheme (FHSS) is a government-backed program that helps aspiring first home buyers grow their deposit faster by using the concessionally taxed superannuation system. Instead of saving in a regular bank account where interest is taxed at your marginal rate, you can make voluntary contributions to your super fund — and then access them when ready to buy your first home. How It Works   You can make voluntary contributions into your super (beyond compulsory employer contributions). These contributions are taxed at the lower 15% super tax rate, helping your savings grow more efficiently. When you’re ready to buy, you can apply to withdraw eligible contributions plus associated earnings to help with your deposit — up to $50,000 total ($15,000 per year cap applies). Key Benefits  Tax-effective saving – Super contributions are taxed at 15%, often much lower than income tax. Higher deposit potential – You can withdraw up to $50,000 (plus earnings) to go toward your deposit. Joint purchases supported – Each buyer in a couple or group can combine their own FHSS savings to buy a property together.   First Home Super Saver Scheme (FHSS) – Boost Your Deposit Faster Tax-effective saving Super contributions are taxed at 15%, often much lower than income tax. Higher deposit potential You can withdraw up to $50,000 (plus earnings) to go toward your deposit. Joint purchases supported Each buyer in a couple or group can combine their own FHSS savings to buy a property together. Who Can Apply? Official FHSS info: https://firsthomebuyers.gov.au/first-home-super-saver-scheme Eligibility Essentials To use the FHSS Scheme, you must: Be 18 years or older. Have never owned property in Australia (this includes investment properties/land). Plan to live in the home you buy. Have made eligible voluntary contributions into your super. These programs are powerful tools to help first home buyers enter the market earlier and with more confidence. Each scheme has unique eligibility rules and ongoing obligations — and often lenders participate differently — so professional mortgage advice is essential to decide which option (or combination of schemes) is right for your situation. Disclaimer: Information contained in this article is general in nature and does not take into account your personal objectives, financial situation or needs. Before acting on this information, please consider seeking advice from a licensed financial adviser or the Australian Taxation Office (ATO). Disclaimer: The content above is intended for general informational purposes only. It does not constitute financial, taxation or legal advice. Contact us

5% Deposit Scheme. The Australian Government 5% Deposit Scheme is designed to help first home buyers get into the market sooner — with as little as a 5% deposit. Under the Scheme, the Government provides a guarantee to participating lenders so you can secure a loan covering up to 95% of the property value without paying Lenders Mortgage Insurance (LMI). How It Works Save a minimum deposit of 5%. Apply through a broker or lender — lenders authorised to offer the Scheme. The Government provides a guarantee to the lender for the remainder of the deposit (up to 15%). You get into your new home sooner and with fewer upfront costs. There’s also a 2% deposit option for eligible single parents/guardians — enabling even earlier entry into home ownership. Benefits for First Home Buyers Lower deposit requirement – Only 5% needed to qualify. Avoid costly LMI fees – The government guarantee removes the need for LMI in most cases. Australian Government 5% Deposit Scheme – Buy Sooner with a Small Deposit.   First Home buyers minimum with 5% deposit Single parents or legal guardians minimum of 2% deposit Who Can Apply? Australian citizens or permanent residents, aged 18+ First home buyers (or those who have not owned property in the last 10 years) Buying a property at or below the local property price caps Planning to live in the property as your principal place of residence 👉 Official 5% Deposit Scheme info: https://firsthomebuyers.gov.au/australian-government-5-percent-deposit-scheme These programs are powerful tools to help first home buyers enter the market earlier and with more confidence. Each scheme has unique eligibility rules and ongoing obligations — and often lenders participate differently — so professional mortgage advice is essential to decide which option (or combination of schemes) is right for your situation. Disclaimer: The content above is intended for general informational purposes only. It does not constitute financial, taxation or legal advice. Contact us