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First Home Buyer Calculator (AU)

Calculate deposit, stamp duty exemptions and grants for first home buyers.

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Result
5% deposit
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10% deposit
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20% deposit
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Stamp duty est.
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About This First Home Buyer Calculator

This first home buyer calculator helps you budget for the upfront costs of buying your first property in Australia — the deposit, stamp duty (and any exemptions or concessions), and lenders mortgage insurance (LMI) if your deposit is under 20%.

This is general information only and not financial advice. First home buyer grants and stamp duty concessions vary by state and change over time. Check your state revenue office and a mortgage broker for figures specific to you.

Frequently Asked Questions

How much deposit do I need?+
Lenders usually look for 20% to avoid LMI, but many first home buyers buy with less, sometimes as little as 5%, with LMI or a government scheme.
What is the First Home Owner Grant?+
It's a state-based grant for eligible first home buyers, often for new builds. Amounts and conditions vary by state and territory.
What is LMI?+
Lenders Mortgage Insurance protects the lender if your deposit is below 20%. It's a one-off cost that can be added to your loan.

Related Tools

→ Mortgage Calculator→ Stamp Duty Calculator→ Savings Calculator

RELATED GUIDE

First Home Buyer Costs: What to Budget For

A practical guide to the real costs of buying a first home: deposit, stamp duty, lenders mortgage insurance, legal and inspection fees, and the buffer you need.

Read the full guide →