First Home Buyer Guide Australia 2026 — Step by Step

Buying your first home in Australia involves understanding borrowing power, deposit requirements, available grants, stamp duty concessions, and the settlement process.

What do first home buyers need to know before applying?

Calculate your borrowing power, save for a deposit (minimum 5% for FHBG, 20% to avoid LMI), understand stamp duty in your state, research first home buyer grants and schemes, and get pre-approval before making offers.