About you

Buying as

Single Couple Single parent

Annual taxable income ($)

From your latest tax notice of assessment, household total. I use it to check the scheme's income cap.

First home buyer Changes stamp duty concessions in most states

The other boxes you'll need to tick

Australian citizen (everyone buying), 18 or over
You don't currently own any property or land, here or overseas
You'll live in the home, it can't be an investment
You have at least a 2% deposit saved
Your loan comes from a lender participating in the scheme

The property

State or territory

Where in the state

Capital city or major centre Rest of state

Help to Buy price cap here: $1,000,000

Type of home

New buildGovernment up to 40% Existing homeGovernment up to 30%

Your money

Savings you can put in ($)

Everything you have for the deposit, stamp duty and other upfront costs.

Borrowing capacity ($)

The most a lender may approve for you. Not sure? That's exactly what my free strategy session works out.

Other upfront costs ($)

Conveyancing, inspections and loan fees. $3,000 is a reasonable starting estimate.

Fine-tune the repayment estimate

Interest rate (% p.a., your estimate)

Loan term (years)

Comfortable monthly repayment ($, optional)

If you'd rather not borrow to your limit, cap the result at a repayment you're happy with.

The 6.2% starting rate is only a typical figure. Your actual rate depends on your circumstances and will change over time.

How the scheme works

Three parts pay for one home

You put in as little as 2%, the government contributes up to 40% (new build) or 30% (existing home), and a normal home loan covers the rest. There's no lenders mortgage insurance and nothing to pay on the government's share while you live there. Fill in your details to see your own numbers.

Your Help to Buy estimate

$0

- your deposit (-) - government (-) - your loan (-)

Where your cash goes on day one

Then, month to month

You still cover

Council rates and utilities
Home insurance (the scheme requires it)
Strata or body corporate fees, if any
Repairs and maintenance

You don't pay

Rent or interest on the government's share
Lenders mortgage insurance

Years down the track

The government owns a percentage of your home, not a fixed dollar amount. Drag to see what that means if the value changes.

+20%

How were these numbers calculated?

Good to know before you commit

Each year you'll confirm your income and home insurance with Housing Australia.
If your taxable income ends up over the cap two years in a row, you may need to start buying back the government's share.
Buying back happens at the property's value at the time. If it has grown, the government's share has too.
When you sell, the government receives its percentage of the sale price.

Want these numbers checked properly?

These figures are a conversation starter, not an approval. I'll confirm your borrowing capacity, check your eligibility and line up a lender that participates in the scheme. My service is free to you.

Book a free strategy session

Or reach me directly: Jai Raynor, 0433 967 807, jai@raynorlendingsolutions.com.au

Not using Help to Buy? My free cost to complete calculator estimates stamp duty and the total cash a standard purchase may need.