Let’s break down the real numbers behind buying a $930,000 townhouse in North West Sydney as a first home buyer using the First Home Guarantee Scheme. Under the First Home Guarantee, eligible first home buyers can purchase with just a 5% deposit, with the government guaranteeing up to 15% of the property value — meaning no Lenders Mortgage Insurance (LMI). That alone can save over $20,000 in LMI, and when combined with NSW stamp duty concessions, some buyers can save up to $30,000 depending on t