13/11/2026
Buying your first home in 2026? Using super to save for your deposit
The First Home Super Saver Scheme (FHSS) works differently from other first home buyer support. Rather than a payment or loan guarantee, the Australian Government scheme lets eligible buyers build part of their deposit through voluntary super contributions. It isn't a way to access your existing super balance it only applies to eligible voluntary contributions plus associated earnings, and it doesn't replace the need for a deposit, loan approval or traditional savings. You can contribute up to $15,000 in any financial year and $50,000 across all years, including salary sacrifice or personal after‑tax contributions, but not compulsory employer contributions. When you apply to release, you may access 100 per cent of eligible after‑tax contributions, 85 per cent of before‑tax contributions, and associated earnings calculated by the ATO, with tax withheld before payment. To be eligible, you must be 18 or older, not have previously owned property in Australia, not have made a valid FHSS release request, and intend to live in the home for at least six months within the first 12 months. Each eligible buyer can use the scheme separately. It can be used for a new or established home, but not vacant land alone, a houseboat or motor home. Request a determination from the ATO before your contract completes, notify the ATO once signed, and allow enough time before settlement.
- Source REIWA