The First Home Guarantee (FHBG) is designed to enable eligible first home buyers to enter the property market with as little as a 5% deposit.

Lenders Mortgage Insurance (LMI) shields banks when borrowers seek loans exceeding 80% of a property's value, minimizing potential losses in case of default. Borrowers can alleviate the impact of LMI through strategies like leveraging guarantor support, capitalizing on bank incentives for certain professions, and taking advantage of government initiatives aimed at first home buyers.

Loan Value Ratio a measurement of the amount borrowed against the equity of a property.

Eligible first home buyers in NSW may be able to receive a concession on stamp duty when buying a property.