List of The Australian Government Mortgage Relief Programs

The Australian government has implemented various relief schemes and programs to assist individuals, families, and businesses during times of financial hardship or crisis. These relief schemes aim to provide support, financial assistance, and resources to those affected by specific circumstances or events.

The Australian government mortgage relief programs also assist homeowners facing financial difficulties, either to build a new one or to renovate the old one, all have a specified amount you are eligible to

Below are some notable Australian government mortgage relief programs that were available in Australia

The list of the Australian government mortgage relief programs

1.HomeBuilder Grant

The HomeBuilder grants Australian government mortgage relief programs were designed to help Australian residential construction businesses during amide COVID -19 pandemic. The HomeBuilder Grant aimed to stimulate the construction sector. It is a tax-free grant given to eligible owner-occupiers, including first-home buyers. It provided eligible owner-occupiers with a grant of $25,000 to build a new home or substantially renovate an existing one.

Purpose of the grant

  • To Renovate an existing home
  • To Build a new home

Eligibility criteria for the HomeBuilder Grant

  • Applicant must be an Australian citizen
  • Must be aged 18 years and above
  • Applicant must be an Individual, not a company or trust.
  • The applicant should know that the construction work must start within three months of approval.
  • Must have an annual income below $200,000 a couple but as a single up to $125,000.
  • Must build a new home costs less than $950,000, in North, south, and West, but $750,000 in other states and $850 in Victoria Territories.
  • An Applicant should have a renovation budget of $150,000 and $750,000 for established homes.
  • The applicant must know that the value of what is being built or renovated should not exceed $1.5 million.

Some documents needed for the grant

  • The applicant must provide proof of Identity
  • Evidence of land value, approval documents from the council
  • A copy of the tax payment return for proof of income
  • A builders registration
  • A signed and dated copy of the licensed builder from you.

How to apply for the HomeBuild Grant

To Apply you will do it through the state or Territory that you are living maybe plan to live.

2. First Home Loan Deposit Scheme(FHLDS)

The FHLDS amount the Australian government mortgage relief programs aimed to assist first-time homebuyers in purchasing a property with a smaller deposit. It allowed eligible buyers to secure a home loan with as little as a 5% deposit without having to pay for lenders’ mortgage insurance (LMI).

The government guaranteed the remaining 15% of the required deposit.

First Home Guarantee scheme is part of the family home guarantee for single parents, The Regional first home buyer guarantee, and the new home guarantee.

Eligibility for the First Home Deposit Scheme

  • An applicant must be a citizen of Australia, but by 1 July 2023 Residence of the country can participate.
  • Must be 18 years of age and above
  • Applicant must provide proof to show that you have not owned or held any interest in commercial property, investment, or company title properties.
  • You need to provide a copy of taxable income less than $125,000, as a single person and $200,000 for couples.

How to Apply for the First Home Deposit Scheme

Interested persons should send an application directly to one of the lenders or through a mortgage broker. 

3. First Home Super Saver Scheme (FHSSS)

The First Home Super Scheme is one of the Australian government mortgage relief programs aiming to help first home buyers through tax-friendly savings allowing individuals to save for their first home through their superannuation fund which they can access later.

It permitted voluntary contributions of up to $15,000 per year, with a total cap of $30,000, to be withdrawn for

It was part of which the government designed to put downward pressure on the high cost of housing.

Eligibility for the First Home Super Saver Scheme

  • You must be 18 years old and above
  • An applicant should have not owned property previously in Australia which includes investment property, vacant land, commercial property, and a lease of land in Australia.
  • You must be an Australian citizen.
  • An Applicant must not have previously made a First Home Super Saver release request under the FHSS Scheme

Advantages of First Home Super Scheme

  • It helps individuals to save money for your first home
  • It allows couples to save money jointly
  • it helps you to estimate it could boost potential savings for a deposit for a first home by 30%.
  • The percentage rate given for the saving is better than what you can get in other savings accounts.

4. First Home Owner Grant (FHOG)

First Home Owner Grant is now known to be Home Buyer Concession Scheme, It is a grant among the government mortgage relief program funded by the states and territories and administered.

It is available to first-home buyers who are purchasing or building a new home. 

The grant amount varies by state or territory but can provide financial assistance to help with the costs of buying or building a residential property.

It also provides financial assistance to eligible people buying their first new or substantially renovated home. The grant is $10,000, it is payable per eligible transaction. the Australian government mortgage relief programs have helped many.

Eligibility for The First Home Owner Grant

  • An applicant must be an Australian citizen or have a permanent resident
  • You must be 18 years and above at the time of application
  • The applicant can not be a company or trust
  • You must not own residential property anywhere in Australia 
  • You must hold a relevant ownership of the land, that is right of occupancy.
  • The applicant must move into the home beginning within 12 months of settlement or completion of the construction.

How to apply for the First Home Owner Grants

  • You must lodge your application within one year from the completion date of the eligible transaction
  • Owner-builders can only lodge their application within this one year if the home has been completed.
  • You can submit your FHOG application in two ways, maybe an approved agent or you can send it directly to the ACT Revenue Office.

Related post

The government mortgage relief program in the UK

5. JObKeeper Payment

The Government JobKeeper Payment formally known as the Newstart allowance, is a Payment to help keep Australians in jobs and support businesses affected by the significant economic impact of the COVID-19 pandemic. that is a wage subsidy program designed to support businesses and keep employees connected to their jobs during the COVID-19 pandemic. 

It was also to provide financial assistance to individuals who are unemployed or have a limited income for living expenses, house rent, and groceries.

Eligible employers received a subsidy to help cover the cost of their employees’ wages, enabling businesses to retain staff during periods of reduced revenue or temporary closures.

For the Eligibility and Application visit the official Australian government website.

6.COVID-19 Mortgage Payment Deferral

During the COVID-19 pandemic, many Australian banks and financial institutions offered mortgage payment deferral options for homeowners experiencing financial hardship due to the crisis. It helps you to skip your mortgage payment for a specified amount of time

These deferral programs allowed borrowers to temporarily pause or reduce their mortgage repayments. so when you are not sure to regularly mortgage your payment do well to contact your Lender as quickly as possible

Eligibility for the COVID-19 Mortgage Payment Deferral

For you to access your eligibility on the Australian government mortgage relief programs You need to go through your lender, your bank, or your mortgage professional.

7. Mortgage Relief Package

The Australian government Mortgage relief programs introduced this mortgage relief package during the COVID-19 pandemic. It included measures such as a moratorium on evictions for six months, a temporary ban on rental increases, and negotiations with banks to provide temporary mortgage relief for affected homeowners.

With the Mortgage rates Relief package, homeowners could stand to save significantly on their monthly payments.


  • An applicant must be an Australian citizen or a Permanent resident
  • Must be 18 years and above.

8. State and Territory Assistance Programs

Various states and territories in Australia offer additional assistance programs to support homeowners, such as stamp duty concessions, grants for home renovations or improvements, and specific programs for low-income earners or specific demographics.

9. Drought Assistance

Australia experiences periodic droughts, and the government provides assistance to farmers and rural communities affected by these conditions. Drought relief measures can include financial support, concessional loans, subsidies, and mental health services. these Australian government mortgage relief programs were to help individuals.

10. Bushfire Recovery Assistance

Following devastating bushfires, the government offers assistance programs to support affected communities in their recovery efforts. These programs can include financial aid, grants for rebuilding or repairing homes, business support, and mental health services. these also one of the Australian government mortgage relief programs

It is very important to visit the Australian government websites for the current mode of application regarding all Australian government mortgage relief programs in Australia.

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