Initio Finance
5.0 from 55 Google reviewsBankstown, NSW
Website verified
First home buyersPAYGUpsizing and bridgingRefinance
First home buyer mortgage brokers in Sydney
Compare mortgage brokers in Sydney who help first home buyers. Check their BrokerScore and reviews, and see which lenders they work with.
2 first home buyer specialists in Sydney
How we rank
Minyi Peng
5.0 stars from 5 reviewsM&P Future Finance · Sydney, NSW
CommercialVisa holdersFirst home buyersRefinance
“I had a great experience working with Mini throughout my home loan process. She was professional, knowledgeable, and genuinely passionate about…” HANK
More highly rated mortgage brokers in Sydney
These mortgage brokers haven’t listed first home buyer as a specialty on BrokerScore. Many still help with it, so it’s worth asking.
Mortgage Choice Blacktown - Irene & Christopher Cujko
5.0 from 213 Google reviewsBlacktown, NSW
Website verified
RefinancePAYGUpsizing and bridgingCommercial
First home buyer help in New South Wales
Australian Government 5% Deposit Scheme
- Buy with as little as a 5% deposit without paying lenders mortgage insurance (2% for eligible single parents and legal guardians).
- No income caps and no limit on places since 1 October 2025.
- Property price caps apply and vary by area. Your broker or a participating lender can check the cap for your postcode.
New South Wales
- No transfer duty on new or existing homes up to $800,000, and reduced duty up to $1 million.
- No duty on vacant land up to $350,000, and reduced duty up to $450,000.
- A First Home Owner (New Homes) Grant is available for eligible new homes. Check Revenue NSW for the current amount and caps.
General information only, last checked 9 October 2026. Grants and concessions change often and have eligibility rules, so confirm with the official source or a mortgage broker before you rely on them.
What a mortgage broker does for a first home buyer
A broker works out how much you can borrow, compares loans across their lender panel, checks which grants and schemes you qualify for, and manages the application through to settlement. Most are paid a commission by the lender, so you usually don’t pay them directly. Ask them to explain how they’re paid before you start.
Get your paperwork ready
Lenders will want ID, recent payslips, bank statements showing your savings history, details of any debts (including credit cards and buy now pay later), and your last tax return if you’re self-employed. Having these ready speeds up pre-approval.