First Home Loan Deposit Scheme

All places allocated for non-major participating banks have now been reserved. Please check back in July 2021 for information about the next round of allocations.

Thank you for your interest

The Government allocates a set amount of places within the First Home Loan Deposit Scheme, and these places have now been allocated for this financial year. The next round of allocations is set to be announced in July 2021. Our Home Lending Specialists are available to help find out what other subsidy’s and grants you may be eligible for, simply complete the contact form and they will be in touch to discuss further.


Buy your first home sooner.

Buying a first home can be daunting. From saving for a house deposit to searching for the perfect property, it can be a significant life event. Our first home buyers guide will give you all the information you need to start the exciting journey of buying your first home.

Speak to a home loan specialist

Have a question or want to get started? Get in touch with our team by completing the form below and have a home loan specialist get back to you.

We respect your privacy and are committed to protecting your data in accordance with our privacy policy.

Additional Grants and Concessions for First Home Buyers

Although all places are now allocated for the First Home Loan Deposit Scheme, there are still alternatives which could help pave the way to home ownership.

HomeBuilder Grant

On 4 June 2020 the Australian Government announced HomeBuilder to provide eligible owner-occupiers (including first home buyers) with a grant of $25,000 to build a new home, substantially renovate an existing home or buy an off the plan home/new home. The eligible contract must be signed between 4 June 2020 and 31 December 2020 (inclusive).

Visit the HomeBuilder website to find out more.

Stamp duty concessions

Most State and Territory governments provide stamp duty concessions to first home buyers and sometimes waive the need to pay stamp duty altogether. Whether you’re purchasing an investment property or a principal place of residence are all taken into account. Since stamp duty can add another 3-5% to the purchase price, this is a real help. Depending on your state or territory, you may be eligible for concessions as a first home buyer.

Calculate your stamp duty using our helpful calculator.

First Home Owners Grant

If you’re a first home buyer and you’re buying or building a new home, you may qualify for a $10,000 grant under the First Home Owner Grant (New Homes) scheme if you purchase date was on or after 1 January 2016. This is a one-off payment for eligible first home buyers who purchase or build a residential property to live in.

Visit the First Home Owners Grant website to find out more.

The First Home Super Saver Scheme

If you’re a first home buyer, you may be eligible to withdraw voluntary super contributions you’ve made to put toward a home deposit. Under the First Home Super Saver Scheme, first home buyers, who make voluntary super contributions of up to $15,000 per financial year into their super, can withdraw these amounts (in addition to associated earnings / less tax) from their super fund to help with a deposit on their first home.

Visit the ATO website for more information.

Helpful Calculators

Home Loan Repayments Calculator

Compare Loans Calculator

Borrowing Power Calculator

Family playing in front yard

Want to know more about home loans?

We know the home loan process can be confusing at times, but at Regional Australia Bank we like to make the complex, simple.

We've simplified and compiled a list of questions we frequently get asked about, such as "How much deposit do I need?" or "What's the difference between a variable and fixed rate?"

Be sure to check out our Frequently Asked Questions to learn more.

It's easy to get started

We know that the home loan process can be daunting. When the time comes, don’t feel like you have to do it on your own.

Speak to us and discover how we make purchasing your first home easy.

Why buy your home with Regional Australia Bank?

Member owned

Being member owned means we're free to focus on delivering values to members rather than the interests of shareholders.

Banking with a conscience

We pledge 5% of our profits to grassroots initiatives that help regional communities.

Australian roots

We've been helping Australians achieve their lifestyle goals for over 50 years. We'll help you achieve yours.

Personalised solutions

We recognise everyone's circumstances differ, so we provide personalised financial solutions to save time, money and effort.


Regional Australia Bank Terms, conditions, fees, charges and lending criteria apply. Please refer to the Product Details when considering if this product is right for you.