Planning to buy at LUMA? Check what support you could be eligible for

Buying your first home can feel like a big step. But for many buyers, it becomes more achievable once they understand what support may be available.

Across Australia and Victoria, there are government initiatives designed to help eligible first home buyers reduce upfront costs and get into the market sooner.  Official eligibility tools are available online and can help you check criteria, income caps, property price thresholds and scheme availability.

What’s often missed is that these support options don’t always need to be used in isolation. Depending on your eligibility, you may be able to combine one or more of the following support options to help reduce upfront costs and make buying more achievable.

What support may be available

• Australian Government 5% Deposit Scheme (formally the Home Guarantee Scheme): For eligible buyers to purchase with a lower deposit and no Lenders Mortgage Insurance
• Help to Buy Scheme: Offering shared equity to reduce your loan and repayments
• First Home Owner Grant: For eligible buyers purchasing a new home
• Stamp duty concessions or exemptions
• First Home Super Saver Scheme: For eligible voluntary super contributions to be used towards a deposit

Eligibility criteria, price caps and availability apply, and places in some schemes are limited.

Take the next step at LUMA

If you’re exploring what may be possible, now is a good time to check your eligibility and see what homes are now selling at LUMA.

A selection of 2, 3 & 4 bedroom homes is currently available, alongside quality inclusions and a 2.5% upfront deposit offer* designed to help make the first step feel more achievable. These homes are ideal for buyers who are starting to explore ownership and want a clearer view of both available stock and potential support pathways.

Call 0419 288 233 to book an appointment with our sales team to get started.

Buyers should obtain independent professional advice or more information in relation to Government concessions and grants (including eligibility requirements) or any other stamp duty matters before making any purchasing decision.

_{*The 2.5% deposit must be paid upon signing the Contract of Sale with the balance payable at settlement within 90 days.}