For many first-home buyers, the biggest challenge isn’t finding the right home or location; it’s saving a deposit. Between rent and rising living costs, reaching that 20% mark can feel like a long uphill climb.
The good news is, a range of government incentives are making it easier for buyers to get into the market sooner. From grants to duty concessions and new lower-deposit pathways, there are more ways to save on upfront costs and move into your own home faster.

Incentives Helping First-Home Buyers
Depending on eligibility, buyers at Altura may be able to access:
- Lower deposit options: The expanded Home Guarantee Scheme now allows you to secure a property with a smaller deposit, without the usual 20% requirement.
- Savings on Lenders Mortgage Insurance (LMI): For eligible buyers, this can mean avoiding tens of thousands in fees.
- $10,000 First Home Owner Grant (FHOG): Available on new build contracts up to $750,000*.
- Stamp duty concessions: Off-the-plan purchases may be assessed only on the land value, offering further savings.
Together, these incentives can make a significant difference, removing barriers and helping more Gippslanders into home ownership.
A Closer Look at Lower Deposit Pathways
Among the available incentives, the recently expanded Home Guarantee Scheme is one example helping more Australians secure a home with a smaller deposit. Eligible buyers can purchase with as little as 5% down, avoid LMI, and access unlimited scheme places. It’s an option worth exploring with your lender or broker to see if it fits your circumstances.

What This Means for Altura Buyers
At Altura, these incentives bring the dream of owning a home closer. Located in the heart of West Gippsland, Altura combines lifestyle and convenience in a way few communities can. Picture wide green spaces, local schools and the future regional sporting hub within walking distance from your front door, with Drouin town centre just minutes away.
For first-home buyers, that means investing not only in property, but also in a connected community that supports long-term growth.
Enquire Today
With land starting from $320,000 and opportunities to access a range of incentives, now is the time to explore what’s available at Altura.
Call House & Land Consultant Robby Singh on 0430 140 277 to learn more about available land, packages, and how current incentives could work for you.
Sources:
Housing Australia – Unlimited places, higher property price caps for first home buyers from 1 October 2025https://www.housingaustralia.gov.au/media/unlimited-places-higher-property-price-caps-first-home-buyers-1-october-2025
Mortgage Choice – First Home Guarantee explained
https://www.mortgagechoice.com.au/guides/first-home-buyers/first-home-guarantee/
Australian Labor Party – Albanese Government delivers 5% deposit for all first home buyers sooner
https://alp.org.au/news/albanese-government-delivers-5-deposit-for-all-first-home-buyers-sooner/#:~:text=Through%20the%20expanded%205%20per,on%20places%20or%20income%20limits
*Eligibility criteria apply to all incentives and schemes. Speak to your financial adviser for personalised investment advice. Information provided is indicative only and should not be relied upon. Home and land prices listed are accurate as of 27 August 2025.