Grants, stamp duty concessions, the foregoing of lenders' mortgage insurance and small deposits are among the many ways first home buyers are being given a helping hand in 2021.
Throw softened property prices and record low interest rates into the mix and results show first home buyers have been pouncing at this golden opportunity to buy.
The National Housing and Finance Investment Corporation's State of the Nation's Housing 2020 report found in August first home buyers accounted for 40 per cent of total new housing loans - 10 percentage points higher than the long-term average.
These are the different types of assistance and important things to consider for aspiring property buyers in 2021.