Maggie May and Josh Kelly are first-time buyers making the most of low interest rates and government incentives to purchase a two-bedroom off-the-plan apartment in inner Melbourne.

The artist and musician couple, who have a two-year-old son, Remy, will save about $35,000 through incentives for first-home buyers, including the First Home Loan Deposit Scheme, HomeBuilder grant and stamp duty concessions for properties valued below $750,000.