First Home Buyers

Been dreaming about owning your first home but confused in choosing a suitable home loan? Customer First Mortgages & Insurance understands that choosing the right home loan is just as important as choosing the home itself, thus we are here to help guide you through the first home buying process and assist you in choosing a home loan which meets your particular circumstances.

First Home Owners Grant

In New South Wales from 1st October 2012, the First Home Owner Grant was replaced by the $15,000 First Home Owner Grant (New Homes) Scheme. First home owners who purchase or build a new home where the eligible transaction commencement date (contract date) is on or after 1st October 2012 will be eligible for the $15,000 grant. The grant will reduce to $10,000 on 1st January 2016 for eligible transactions which have a commencement date (contract date) on or after 1st January 2016.

First Home Owner Grant Cap

A cap of $650,000 will apply to all new home transactions where the commencement date of the eligible transaction is on or after 1st October 2012 ($750,000 where contract date is after 1st July 2014) . Applicants who purchase a new home or build a home which has a total value of more than $650,000 ($750,000 after 1st July 2014) will not be eligible for the First Home Owner Grant (New Homes) Scheme. For more information

Stamp Duty Concessions

For First Home Owners in NSW, a concession on Stamp Duty may also be available for the purchase of new homes or vacant land purchased with the intention of building a new home. A full rebate applies for new homes with a value under $550,000 ($350,000 for vacant land). Partial concessions remain available up to $650,000 for new homes or $450,000 for vacant land.

For information on available First Home owner concessions outside of NSW, please give us a call to discuss.

For any other enquiries on Home Loans for First Home Owners please do not hesitate to contact us buy phone or email, or simply request our staff to give you a call back.


Contact our Credit Advisors for assistance!

Customer Information Form

Download our Customer Information Form. This Form will take no more than 10 minutes to complete.


Please return completed forms by email to

This will allow our consultants to perform a complete analysis of your borrowing capacity and provide appropriate advice for your personal circumstances.