The 2021 Federal Budget: What does it mean for the property market & First Home Buyers?

14 May, 2021

The 2021 Federal Budget: What does it mean for the property market & First Home Buyers?

Each year, the release of the Australian Federal Budget has the entire country listening closely. So what’s the hype? Why do people care? Prepared by the Treasurer (currently Josh Frydenberg) and presented to Parliament for debate and approval, the Federal Budget impacts Australia as a whole – people living here, tourists, overseas investors and basically anyone with an interest in Australia.

Addressing topics such as business, jobs, households and health, the Federal Budget shows how tax revenue will be collected or raised and how it will be spent. The manner in which these activities take place can either work in your favour or be a downside, depending on your situation. For example, whether you’re a business owner, working mum, retiree or farmer. We focus on how the 2021 Federal Budget decisions will impact the residential property market sector.

What’s in store for the Residential Property Market in the 2021 Budget?

In short, the federal government is planning to spend big to boost business productivity, jobs and to drive the economy’s recovery post-pandemic. Although the community and economy will benefit from the “cash splash”, the Australian economy will not see a surplus just yet. First Home Buyers, single parents and new builds should benefit from the budget proposal in particular.

First Home Buyers

The government has budgeted two “measures [that] are designed to give first home buyers a leg up into the booming property market” and incentivise spending on property, further stimulating our economy:

    1. Extension of the First Home Super Saver Scheme

First home buyers can use up to $50,000 from their Super for a deposit!

Since the 2017-2018 budget, Australians have been able to contribute up to $30,000 from their super fund to use for a deposit when purchasing their first home. The 2021 budget allows for this amount to be extended to $50,000, further reducing pressure on First Home Buyers who are growingly concerned about housing affordability. 

2. Extending the First Home Loan Deposit Scheme (New Home Guarantee) for FY 2021/2022

10,000 new places in the First Home Loan Deposit Scheme!

The New Home Guarantee allows First Home Buyers to purchase their first home with a 5% deposit. The 2021 Budget determined an addition of 10,000 spots, creating more opportunities for First Home Buyers. This helps combat the housing affordability issue and could lead to an increase of First Home Buyer transactions in the future, as the Scheme relieves the pressure and time of saving up to a 20% deposit. Simon Basheer, The Urban Development Institute of Australia’s National President, agrees “The allocation of an additional 10,000 places exclusively geared towards new housing construction recognises that saving for a deposit is one of the biggest barriers to home ownership” 

CoreLogic’s Head of Research, Eliza Owen, comments “While there is evidence to suggest first home buyers prefer established housing, incentives designed specifically for the purchase of new property have been successful in funneling new demand into new builds…creating seemingly easier access to home ownership, as well as generating economic activity in the construction sector” 

Single Parents

Under the 2021 Federal Budget, the government announced the establishment of a new program – the Family Home Guarantee. This “provides eligible single parents with dependents the opportunity to build a new home or purchase an existing home with a deposit of 2 percent, subject to the individual’s ability to service a home loan” There will be 10,000 places made available over four financial years.

How will Infrastructure, Roads & Rail Budget Decisions Impact the Property Sector?

The Urban Developer’s exclusive editorial desk claims “A huge emphasis on infrastructure spending is set to buoy property development…” with a “$15.2 billion boost” to the Federal Government’s “10-year infrastructure plan” 

Infrastructure Sustainability Council of Australia’s CEO believes “Assessing infrastructure assets against social, cultural, environmental and economic performance metrics drives continuous improvement, capacity building, and innovation. It can support productivity and livability in both urban and regional areas”. 

In short, the budgeted spend on infrastructure will positively impact the residential property market by enhancing areas, making them more desirable to reside in. For example, road and rail upgrades and accessibility to amenities improves convenience and could potentially increase the value of your property.

Let St Trinity guide you on how the 2021 Federal Budget could positively affect you as a First Home Buyer or Single Parent. Contact us on 02 9099 3412 or enquire below. 


Australian Taxation Office, 2017, ‘The Budget: Taxes and Spending’, Tax, Super + You (Australian Government), The Budget: Taxes and Spending | Australian Taxation Office (taxsuperandyou.gov.au)

Australian Taxation Office, 2021, ‘First home super saver scheme’, Australian Taxation Office, 4 January 2021, First Home Super Saver Scheme | Australian Taxation Office (ato.gov.au)

National Housing Finance & Investment Corporation, 2021, ‘First Home Loan Deposit Scheme (FHLDS): Supporting first home buyers, Overview’, Australian Government, First Home Loan Deposit Scheme (FHLDS) | National Housing Finance & Investment Corporation (nhfic.gov.au)

The Urban Developer Editorial Desk, 2021, ‘[+] Budget 2021: What It Means for Property’, The Urban Developer, 12 May 2021, Federal Budget 2021: Property Hits and Misses (theurbandeveloper.com)

The Urban Developer Editorial Desk, 2021, ‘Federal Budget 2021: Property Hits and Misses’, The Urban Developer, 12 May 2021, [+] Budget 2021: What It Means for Property (theurbandeveloper.com)


Last updated: August 2020


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Under the Act Personal Information is defined as information or an opinion about an identified individual, or an individual that is reasonably identifiable, in whatever form and regardless of whether it is true or not (Personal Information). The Act also defines a subset of Personal Information as sensitive information (for example health records, racial or ethnic origin, religious beliefs, criminal records).

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• Market research companies contracted by us to obtain information so that we may improve and market our services;
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We also automatically collect certain information when you visit our websites or our subscribers receive promotional emails from us via cookies and other tracking technology (such as web beacons), some of which may be capable of personally identifying you. Such information includes the type of browser and operating system you are using, your IP address and how you use our websites.
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We generally collect, hold and use your Personal Information for the purposes for which it is provided to us (which will usually be obvious at the time of collection), related purposes or as permitted or required by law. Such purposes may include:
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We may disclose your Personal Information to third parties as may be necessary for any of the purposes stated in the above section. Such third parties generally include:
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• Debt collection agencies; and/or Any other third parties identified at the time of collection of your Personal Information.


Some of the third parties listed above to whom we may disclose your Personal Information are located overseas. For example:
Our information technology and business process service providers that are located in countries including (but not limited to) the Indonesia, India and Philippines; and Our overseas clients that are located in the same countries as the companies within the St Trinity Property Group.
Our contracts with these parties generally include an obligation for them to comply with Australian privacy law and this Privacy Policy.
However you acknowledge that, by agreeing to the disclosure of your Personal Information to these entities outside of Australia, we will no longer be required to take reasonable steps to ensure the overseas recipient’s compliance with the Australian privacy law in relation to your Personal Information and we will not be liable to you for any breach of the Australian privacy law by these overseas recipients. On this basis, you consent to such disclosure.


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St Trinity Property Group may update this Privacy Policy from time to time so please review it periodically for changes. If the changes are significant or substantive, they will either be advised to you in writing or posted on our websites at www.sttrinity.com.au. Your continued use of our websites or services, requesting our assistance or the provision of further Personal Information to us (directly or via an authorised person) after this Privacy Policy has been revised, indicates your acceptance of the revised Privacy Policy.


If you have a query relating to this Privacy Policy or wish to make a complaint, please contact us using the following contact details:
• St Trinity Property Group
• Chief Privacy Officer

• PO Box 1235
• Menai NSW 2234
[email protected]


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