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Rangerboy030(Newbie)Newbie
18 Oct 2025

Hi


I am looking to purchase my first home within the next 12 months or so. I have maxxed out my FHSS and (notionally) will be eligible for the FHG as well. I'm wondering how these 2 schemes interact. Consider this scenario:


I take out $50,000 from the FHSS (we'll ignore tax on withdrawal for now to keep the math easy). I find a property I like for $500,000. Under the FHG, I would be able to put down as low as 5%, or $25,000 as my deposit. Let's assume I do so using my FHSS savings, leaving $25,000 left over.


What, if anything, would I be required to do with that left over $25,000? Would I need to deposit it back into my super? Is it mine to do with as I please?

217 views
5 replies
217 views
5 replies

All replies

KaraATO(Community Support)Community Support
20 Oct 2025

Hi @Rangerboy030,

 

You can use the First Home Super Saver (FHSS) scheme at the same time as other government programs, as long as you meet FHSS eligibility. 

 

I'd recommend doing some research and asking your state government about using the FHSS scheme at the same time as the first home grant.

 

If you're eligible and using the FHSS scheme for your first home, the released funds can be used towards:

  • a deposit on the property
  • legal costs associated with the purchase
  • building costs if you're constructing your first home.

It's very important to request a FHSS determination before any property ownership is transferred to you - this means before settlement takes place.

 

There’s a specific order of steps you need to follow to use the FHSS scheme properly. Have a read through General Notice 2024/1, and the steps to having the funds released. 

Rangerboy030(Newbie)Newbie
20 Oct 2025

Thanks Kara, but that doesn't really answer my question. I'm aware that I can use the FHSS with other government programs (not sure why first home grants were brought up - I'm asking about the First Home Guarantee), and that FHSS funds can be used for deposits, building costs, and legal costs.


I'll put my question into different terms: If I don't use all of the released funds under the FHSS (like putting in a smaller deposit through the First Home Guarantee, for example), are there any requirements for what I'd need to do with any funds left over?

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