The Australian Government has recently announced major changes to the Home Guarantee Scheme, making it easier for first home buyers to step into the property market.
The scheme, a Government initiative delivered through Housing Australia, allows eligible buyers to purchase a home with as little as a 2–5% deposit and no Lenders Mortgage Insurance (LMI), helping buyers enter the market sooner without the need for a traditional 20% deposit.
From 1st October 2025, the expanded program will be rebranded to the 5% Deposit Scheme, with key benefits including:
• Low Deposit – 5% for first home buyers, or 2% for single parents/legal guardians
• No LMI – Significant savings on upfront fees
• Unlimited Spots – Every eligible buyer can apply
• No Income Caps – Higher income earners are eligible
• Regional Options – Properties in regional areas are eligible
Combined with the First Home Owners Grant (FHOG), the savings are amplified with a one-off $10,000 payment, plus Stamp Duty concessions.
Taking advantage of these initiatives means less time spent saving and more time living in a home you love.
But be quick – these changes are expected to drive a new wave of first home buyers into the market.
Get in touch with our team today to learn how you can take advantage of this exciting initiative and make your home ownership goals a reality.
*Grants are subject to State and Federal eligibility rules and should be checked independently based on your individual circumstances.