Build your deposit inside super at 15% tax.

You make voluntary contributions into super (salary sacrifice or personal deductible contributions, taxed at 15% instead of your marginal rate), then apply to the ATO to release up to $50,000 of those contributions (plus deemed earnings) for your first home deposit. For someone on a 32% marginal rate, that tax gap builds a deposit meaningfully faster than a savings account.

Up to $15,000 of voluntary contributions per financial year count toward the scheme, with a $50,000 total cap per person, so a couple can release up to $100,000 plus deemed earnings. Contributions must stay within your normal concessional cap ($30,000 including employer contributions).

Three real ones: the release takes time (apply for the determination BEFORE you sign a contract, as the ATO release can take weeks); only voluntary contributions count, not employer super; and if you don't buy within 12 months of release (extendable to 24), the money goes back into super or cops extra tax. Sequencing the release around your purchase is exactly what your broker coordinates.

Yes, fully. FHSS builds the deposit, the First Home Guarantee cuts the deposit needed to 5% with no LMI, the $30,000 FHOG applies on new builds, and QLD first-home stamp duty relief stacks on top. The full stack routinely adds up to $50,000+ of advantage.

For most first home buyers saving over 2+ years on a middle tax bracket, yes. The 15% contributions tax versus your marginal rate is a structural head start no savings account matches. It's least useful for very short timeframes (the admin overhead) or very low incomes (small tax gap). Moneysmart and ato.gov.au carry the official detail.