Purchase a property with only a 5% deposit and benefit from other government incentives

Buy your first brand new apartment with just 5%, pay ZERO lender’s mortgage insurance

There is a solution to join thousands of first home buyers who’ve jumped off the rental merry-go-round and into their first home.

The First Home Guarantee – your opportunity to buy sooner

The First Home Guarantee lets eligible first home buyers purchase a property with just a 5% deposit – it lets you get into the market sooner.

How to buy with just 5% deposit

All you need to qualify for the First Home Guarantee is a 5% deposit. The government will guarantee another 15% of your loan, so you will pay ZERO lenders mortgage insurance. That’s a big saving.

Am I eligible?

To qualify for the First Home Guarantee, you need to meet the following requirements:

• An Australian citizen
• At least 18 years of age
• Meet the income threshold for singles or couples
• Have at least 5% deposit in genuine savings
• Be a first home buyer
• Are owner-occupiers

From 1 July 2023, the program will also be open to permanent residents and anyone who has not owned a property for 10 years.

Can I buy with a partner, friend or relative?

Yes – and buying a first home with a spouse, partner, friend or family member can boost your buying power.

From 1 July 2023 the First Home Guarantee eligibility criteria will include:

• Married or de facto Couples
• A person buying with friends, natural/adoptive parents, single legal guardian or siblings

Plus – the $10,000 First Home Buyer Grant

The $10,000 First Home Owner Grant can be yours when you buy or build a new home – including an off the plan apartment, up to a value of $600,000. Even better, you can apply for the $10,000 FHOG on top of the 5% First Home Guarantee.

Even more – save up to $31,090 on stamp duty saving

As a first home buyer you pay ZERO stamp duty even if you buy with the First Home Guarantee.

From 1 July 2023, the First Home Buyer Assistance scheme lets you pay zero stamp duty when you buy a first home valued up to $800,000. That’s an instant saving of up to $31,090 on your first home.

Don’t Miss Out

Now is the time to jump off the rental merry-go-round and into a brand new home of your own.

All you need is 5% deposit.

With so many savings and financial assistance available through first home buyer schemes and grants, now is the time to take a closer look at owning your first home.

At ALAND, we always have a selection of affordable off the plan apartments to choose from. Take a look at our current projects including:

• Paramount on Parkes, Harris Park
• Archibald by ALAND, Gosford
• The Gladstone Village, Merrylands
• Carson on the Park, St Marys

Contact ALAND team today and discover all our latest off the plan apartment opportunities to own a home – together we can help you into the property market sooner.