Under Help to Buy, the federal government contributes toward your purchase price in exchange for an equity share in the property. You buy with as little as a 2% deposit, you borrow substantially less, and you pay no Lenders Mortgage Insurance.
The government's contribution is up to 40% of the price for a new home and up to 30% for an existing one.
Income cap of $103,000 for singles, $165,000 for couples and single parents
Price cap of $800,000 for the Dubbo region and most of regional NSW
10,000 places per year nationally — unlike the First Home Guarantee, these are limited
Australian citizen or permanent resident, 18 or over
You must live in the home
The government's share is real. When you sell, they take their percentage of the sale price — including their share of any capital growth. If the home rises $200,000 in value and they hold 30%, $60,000 of that is theirs.
You can usually buy back their stake over time in increments, and most people do. But it's a genuine trade-off: a smaller loan and lower repayments now, against a smaller gain later.
There are also ongoing conditions. Your income is reviewed, and if it rises above the threshold for a sustained period you may be required to start buying back the government's share.
They solve different problems and you can't use both.
Help to Buy - suits you if your deposit is the barrier and your income is modest. Lower deposit, much smaller loan, lower repayments — but you share the growth.
First Home Guarantee - suits you if you can reach 5% and want to keep 100% of your home. No income caps, no limited places, no shared equity.
We'll model both against a standard loan so you can see all three side by side in dollars, rather than choosing on the headline deposit figure.
This matters more here than anywhere else. At 2%, your deposit on a $600,000 home is $12,000 — but the legal fees, inspections and insurance don't shrink to match.
Conveyancing or solicitor's fees — $1,500 to $2,500
Building and pest inspection — around $400 to $800
Stamp duty, transfer and registration fees, rates adjustments, insurance
Allow $3,000 to $5,000 on top. On a 2% deposit that's a quarter again of everything you've saved, and it's the single most common thing people don't budget for.
Book a free appointment at a time convenient to you — face to face in our Church Street office in Dubbo, over the phone, or by video call. No obligation, and no cost to you. Call 02 6885 0588 or book online.
shantelle jamhour
The team at Dubbo Mortgage Brokers went above and beyond to help me secure the right loan. They were friendly, responsive, and made what could have been a stressful process feel simple and straightforward. Nothing was too much trouble, and they kept me informed every step of the way. I couldn't be happier with the service I received and would definitely recommend them to family and friends.
Blayne Mcghee
A huge thank you to Adam and team, they've been our go to Brokerage team since 2020 and they always exceed expectations. Our most recent loan was pretty complex, but Adam and the team worked tirelessly to ensure we got our desired outcome. They're on top of every detail and any additional requirements were sorted quickly with no hassle to us. We highly recommend Adam and team!
Katie Hicks
The team at Dubbo Mortgage Brokers were very timely and efficient with all the work they did. They always replied to our communications promptly and pulled off an amazing refinance and purchase. We are now very happily living in our new home thanks to the team at Dubbo Mortgage Brokers. Highly recommend!
Robert B
I had an outstanding experience with the team at Dubbo Mortgage Brokers. A huge thank you to Adam, Brad, and Caitlin for all of their hard work and support throughout the entire process. They were professional, knowledgeable, and genuinely committed to helping me secure the best possible deal. They all worked together seamlessly, making the process smooth and stress-free. No matter how many questions I had, they were always available to provide clear advice, keep me informed, and make sure I understood every step along the way. I highly recommend Dubbo Mortgage Brokers to anyone looking for a reliable and professional mortgage broker. Their communication, dedication, and customer service were exceptional, and I couldn’t be happier with the outcome. I’ll definitely be using them again in the future. Thanks again, Adam, Brad, Caitlin, and the whole team!
Marivic Cabrera
Thank you so much to Adam and Brad for supporting us every step of the way in purchasing our home. Their quick responses and superb communication made the whole process smooth, easy and stress-free. We truly couldn’t have done it without them. Mavic & Mickael
Michael Skupien
Can't speak highly enough of Adam and the team at Dubbo Mortgage Brokers. They kept us in the loop the whole time and were always reachable if we had questions.
Dubbo Mortgage Brokers ABN: 24 828 996 302. Credit Representative 453008 of My Local Broker Pty Ltd is authorised under Australian Credit Licence 481374
Disclaimer: This page provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances.
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