Depending on eligibility, first home buyers purchasing a new Henley move-in ready home in Victoria may be able to access:
$10,000 First Home Owner Grant (VIC) – money straight off your purchase
Stamp duty concessions - potentially saving thousands
First Home Guarantee – purchase with just a 5% deposit and no Lenders Mortgage Insurance (LMI), potentially saving tens of thousands more!
- Family Home Guarantee - part of the Australian Government’s Home Guarantee Scheme
The good news is, you don’t need to understand all the nitty gritty details- that’s what Henley Select is for.
In some cases, eligible first home buyers may be able to combine more than one government grant or guarantee - if structured correctly and approved.
Can I buy a home with just a 5% deposit?
Yes, if eligible and this is exactly what our Select team helps confirm upfront.
The Federal Government’s First Home Guarantee allows eligible buyers to purchase with:
- A 5% deposit
- No Lenders Mortgage Insurance (LMI) - a saving that can often be tens of thousands
In many cases, buyers discover their weekly repayments are similar to or less than rent and savings combined.
Your deposit doesn’t have to come from savings alone. In some cases, contributions from parents or close relatives may also be accepted as part of your deposit.
