First home super saver scheme

Did you know you can use your super to help you buy your first home? 

What is it?

The Federal Government has introduced the First home super saver scheme to help first home buyers enter the property market. The scheme allows you to use super to save for your first home faster.

It’s easy to use and could make a big difference to realising your dream sooner.

Ready to buy?

When you're ready to withdraw the money from your account under the First home super saver scheme you'll need to apply to the Australian Taxation Office (ATO). For more information go to You can apply online using your myGov account.

Important information

It’s important to note that this new scheme isn’t for everyone – eligibility and conditions apply. When making any major financial decision, it’s always a good idea to get advice.

You can only access voluntary contributions made into your account since 1 July 2017 which include salary sacrifice contributions and personal contributions. You’ll also receive an amount of earnings that relate to those contributions.

You can apply to access a maximum of $30,000, but only $15,000 from any particular financial year – so it will take a minimum of two years to reach the maximum withdrawal amount.

You must intend to live in the premises as soon as possible after purchase and live there for at least six months of the first twelve months that you own it, after it's practical to move in. The money can’t be used to purchase a houseboat, a motor home, vacant land or any premises not capable of being lived in as a residence.

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