At G&C Mutual Bank, we understand that saving for your first home can be difficult. We have a proud history of providing flexible and competitively-priced products for first home buyers. We’re proud to have been chosen to offer loans under the Australian Government's Home Guarantee Scheme (previously known as the First Home Loan Deposit Scheme), to help even more first home buyers realise their dream of home ownership.

Overview of the Scheme


The Australian Government supports eligible home buyers to purchase a home sooner, under the Scheme where eligible first home buyers can purchase a modest home with a deposit of as little as 5 per cent.


The Home Guarantee Scheme (HGS) includes the following Guarantees:


Check your eligibility on the  National Housing Finance and Investment Corporation website. If you're ineligible for these initiatives, we'll work with you to explore other options to help you get into your first home. 


First Home Owner Grant: The First Home Owner Grant is a government scheme providing a one-off payment for eligible first home buyers who purchase or build a residential property to live in.

Stamp duty concessions: Stamp duty is a tax levied by state or territory governments on certain purchases, including buying a home, land, or investment property. Depending on your state or territory, you may be eligible for concessions as a first home buyer.

The First Home Super Saver Scheme: The First Home Super Saver Scheme allows you to save money for your first home using your superannuation fund. This scheme, run by the Australian Taxation Office (ATO), helps first home buyers save faster by allowing them to withdraw voluntary super contributions they’ve made to their super.