First home buyer loans in Canberra
Buying your first home can feel overwhelming. We help Canberra first home buyers understand 5% deposit options, guarantor home loans, lender requirements and the difference between buying in the ACT and nearby NSW.
First home buyer options in Canberra
Many buyers do not need a full 20% deposit to get started. We help you understand low-deposit options, guarantor pathways and the government support that may be available depending on where you buy and whether you meet the criteria.
5% deposit pathways
Eligible buyers may be able to purchase with a 5% deposit under the Australian Government 5% Deposit Scheme, subject to scheme rules, lender policy and property caps.
- Low deposit options may be available
- Price caps and eligibility rules apply
Family guarantor loans
Some lenders allow a family member to provide a limited guarantee using equity in their property. This may reduce the cash deposit needed and, in some cases, reduce LMI.
- May reduce deposit requirements
- Structure depends on lender policy
ACT and NSW duty support
Upfront government charges can differ significantly depending on whether you buy in the ACT or NSW and whether you qualify for available concessions.
- ACT: Home Buyer Concession Scheme
- NSW: First home buyer transfer duty support
Buying in ACT vs nearby NSW
For many Canberra buyers, the decision is not just about the home. It is also about how duty, concessions and overall buying costs compare between the ACT and nearby NSW locations like Queanbeyan or Googong.
Buying in ACT
- Main supportHome Buyer Concession Scheme
- Property typeNew, established or vacant land
- 2025–26 no duty thresholdUp to $1,020,000 for eligible buyers
- Best reviewed case by case, especially where income and duty outcomes matter.
Buying in NSW
- Main supportFirst Home Buyers Assistance Scheme
- Full duty exemptionUp to $800,000
- Concessional dutyOver $800,000 and under $1,000,000
- Often worth comparing where property price is the main driver.