First Home Buyers
5% Deposit!

The Australian Government’s Home Guarantee Scheme (HGS), is designed to help eligible first home buyers purchase a property faster, with a lower deposit and without paying expensive Lenders Mortgage Insurance (LMI) at competitive interest rates.

With the Home Guarantee scheme, eligible buyers can purchase a home with as little as a 5% deposit, while enjoying competitive interest rates similar to customers with a 20% deposit. Eligibility criteria applies.

First Home Buyer Home Guarantee Scheme

Deposit Requirements

Minimum 5% deposit of the property’s value.
Extra funds may be needed to cover stamp duties, lender, conveyancer, or moving expenses

Key Benefits for First Home Buyers

Lower deposit required – start with as little as 5%.
No Lenders Mortgage Insurance (LMI) – save thousands instantly.
Competitive interest rates – similar to buyers with 20% deposits, potentially increasing borrowing capacity.
Government incentives – including stamp duty waivers or concessions, grants for new homes, house & land packages, or land & construction projects (state-specific).
No government equity – your home is fully yours, which can save tens of thousands if the property appreciates.

Eligibility Criteria

Applicants must:

Be an individual or two joint applicants.
Be Australian citizens or permanent residents.
Be 18 years or older.
Have an income up to $125,000 (individual) or $200,000 (joint), based on the Notice of Assessment (NOA). (Income cap removed 1 October 2025)
Intend to owner-occupy the property.
Be first home buyers, or not have owned property in Australia in the past ten years.
Eligible Residential Properties may include new and established houses, townhouses, units, or apartments and land and construction
Each location has a property price cap and lending is subject to the participating lender’s policies. See Price Cap table below

Contact us today to learn more, assess your eligibility, and get started with a pre-approval.

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* Regional centres are (1) in New South Wales - Illawarra, Newcastle and Lake Macquarie, (2) in Victoria - Geelong, and (3) in Queensland - Gold Coast and Sunshine Coast.

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