First home buyers are modest winners in this budget.

They'll be able to use voluntary contributions to their superannuation to save for a house deposit. Withdrawals will be taxed at a lower rate, but the amount you can contribute is capped at $15,000 a year and $30,000 all up. Both members of a couple can take advantage of the scheme.

The new restrictions on foreign property owners (see Losers: foreigners) could take a little heat out of property prices in the east coast capitals, which would benefit first home buyers.