Ready to take the leap into property ownership in 2025? The rules are changing, and they might just work in your favour. 

This candid discussion cuts through the confusing jargon of government schemes to deliver a straightforward guide for first home buyers navigating Australia's property market. We unpack the current First Home Buyer Assistance Scheme (FBAS) in NSW, which offers substantial stamp duty savings of up to $31,000 on properties under $800,000, before diving into the game-changing updates coming in 2026.

The most exciting developments? From January 2026, price caps for the low deposit scheme will increase dramatically to $1.5 million in metropolitan areas (up from $900,000), while income caps disappear entirely from July 2025. This means buyers can enter the market with just a 5% deposit regardless of their income level – a significant shift that opens doors for high-earning professionals previously excluded from these incentives.

We also tackle practical concerns like purchasing tenanted properties (did you know you have up to 12 months to move in?), how rental income can actually help your mortgage payments, and the simplest way to apply for these schemes without drowning in paperwork. The secret? Having the right broker and solicitor in your corner handling the complex documentation while you focus on finding your perfect property.

With property prices continuing to rise and assistance at unprecedented levels, the next 12-18 months present a unique opportunity for first home buyers. Whether you're actively house-hunting or just beginning to save, understanding these changes now puts you in the best position to benefit when the right property comes along.

Subscribe to our podcast for more insider knowledge and practical tips as we continue to track these important developments in Australia's property market. Your journey to homeownership starts with being informed – we're here to guide you every step of the way.