If you’re a first home buyer in Australia, you might think a million-dollar property is out of reach. Most people do. But what if we told you that with just $50,000 and the right guidance, you could secure a brand-new home worth up to $1 million?

It sounds unreal—but it’s absolutely possible right now thanks to a unique combination of government incentives, deposit schemes and lender support. For eligible buyers who act quickly, this window of opportunity could be life-changing.

In this article, we’ll walk you through exactly how this works, what government grants and savings are available, who qualifies, and how you can start the journey towards owning your dream property.

Property Incentives Making Ownership Possible With Just $50k

The Australian Government is currently investing heavily in helping first home buyers break into the market—especially those looking to build new properties. When you stack the available programs together, your $50,000 deposit can stretch a long way.

Here’s how the numbers add up:

5% Deposit Guarantee – No LMI

With the First Home Guarantee scheme, eligible buyers only need a 5% deposit. The government guarantees the rest so you don’t need Lenders Mortgage Insurance (LMI). For a $1 million property, skipping LMI can save you over $40,000 instantly.

First Home Owners Grant – $30,000

If you’re building a new home up to $750,000 in value, the $30,000 First Home Owner Grant (FHOG) gives your deposit a serious boost. Many lenders use the grant as part of your deposit contribution, helping you qualify sooner.

Transfer Duty Exemption – Unlimited Cap

For new home builds and land purchased to build on, there is no transfer duty payable, regardless of the property value. With duty on a $750k–$1M home normally costing over $30,000, this exemption is a massive saving.

When you combine a 5% deposit guarantee, duty exemptions and grants, the financial barrier to entry drops dramatically—making a high-value property surprisingly achievable.

Property Eligibility: Who Can Buy with $50k?

You could qualify for a brand-new home worth up to $1 million if:

It’s your first home
You have $50,000 saved
You can show income to service the loan
You’re open to buying a new home or house-and-land package

If you meet all four criteria, you’re in a powerful position to buy now. Even if your $50k doesn’t seem like much in today’s market, the incentives fill the gap—without needing a guarantor, a second income, or years of savings.

Property Choices: New Builds and House & Land Packages

The grants and concessions are designed specifically for new homes. This includes:

House and land packages
Off-the-plan builds
Brand new homes not previously lived in

New builds come with major perks:

Lower maintenance and repair costs
Builder warranties on structure and fixtures
Energy efficiency standards
You choose the layout and finishes
Strong long-term capital growth potential

We currently have a wide selection of affordable packages in growth areas, with more options available depending on your budget, location and lifestyle. Whether you want a family home or a luxury turn-key design, there is a property to match your $50k pathway.

Property Grants and Savings: The Numbers That Matter

Let’s break down how the savings work on a high-value home:

Example: $900,000 Property

Normal costs without incentives:

20% deposit = $180,000
LMI = $35,000–$45,000
Transfer duty = $30,000–$35,000
TOTAL = Up to $260,000 out of pocket

With government incentives:

Deposit needed: $45,000 (5%)
No LMI (save $40k)
No stamp duty (save $30k+)
$30,000 FHOG (if under $750k build value)
TOTAL UP-FRONT: About $15,000–$50,000 depending on the build

That’s a difference of more than $200,000 in upfront costs—without compromising on the quality or value of the property.

Property Markets Where This Works Best

Areas across Australia—especially in South East Queensland—are ideal for first home buyers building new:

Brisbane
Logan
Ipswich
Gold Coast
Surrounding growth suburbs

These regions offer land availability, strong rental returns, and future capital growth—plus developers and builders who are already familiar with grant processes and financing pathways.

If you’re in another part of Australia, we can still guide you and help you secure packages in other regions.

Property Loans: What Income Do You Need?

To make this strategy work, lenders will check you can afford the repayments. As long as you have stable income and manageable debt, qualifying is realistic.

Typical scenarios that work:

A single income of $95k–$110k+
A couple earning a combined $130k–$150k+
Self-employed with one year of trading and strong BAS statements
First home buyers with PAYG income and low liabilities

Even if you’re unsure, don’t count yourself out—the banks treat new builds favourably with government-backed guarantees, and we can help you find lenders open to your situation.

Property Process: How We Help You From Start to Finish

You don’t have to navigate any of this alone. We support you from the first conversation through to the day you move in. Here’s how we make it simple:

Finance Eligibility Check
We assess your deposit, income and borrowing power quickly and clearly.
Property Selection
We match you with land and home packages in high-growth, high-value locations.
Funding and Grants
We apply for your incentives, guarantees and approvals so nothing is missed.
Contracts and Build Coordination
We handle negotiations, builder communication and compliance.
Construction Monitoring
We keep you informed during progress and help solve issues quickly.
Handover of Your Completed Home
Once keys are ready, you step into your brand-new property knowing everything has been handled correctly.

This full-service approach saves you time, reduces risk and makes the experience stress-free.

Property Opportunities Like This Won’t Last

Government schemes change. Grants dry up. Property prices rise. Land availability becomes tight. The conditions we’re seeing today won’t stay forever.

Right now, you can enter the market with:

A small deposit
Zero stamp duty
No mortgage insurance
A generous cash grant
A new build tailored to your budget

That combination is rare. It could disappear in the next policy update or budget review. The sooner you get started, the more options you’ll have—both for location and price.

Property Options (Sample Packages You Can Choose From)

We already have access to fantastic house-and-land deals suited to first home buyers:

Apartments
Townhouses
>4-bedroom turnkey builds
Family-size properties
Upcoming estates with parks, schools and shopping close by
Premium lots with dual-living potential

If none of these options are quite right, we have an extended network to source more choices tailored to your budget and needs.

You can simply tell us the style you want and we’ll curate options.

Property Ownership Starts with a Conversation

If you’re ready to take advantage of the most generous set of incentives in years, then now is the time to take the first step.

You don’t need to know everything, and you don’t need to “have it all sorted” before reaching out. All you need is:

Your $50k deposit
Basic income details
A desire to own your own home

From there, we’ll help you do the rest.

Call us today and start your home building journey. We’ll guide you through the finance, the grants, the property selection and the construction—until the day you receive the keys to your brand-new home.

Your million-dollar property might be closer than you think.

Have a Question?

Have questions about this topic?

We’re here to help with personalised advice based on your goals.