From 1 October 2025, the Scheme will remove limits to the number of Government guarantees available, giving all Australian first home buyers the chance to enter the market with a deposit of as little as 5% and avoid Lenders Mortgage Insurance.
The expanded Home Guarantee Scheme delivers on the Government's election commitment to support all Australians into home ownership.
What is changing from 1 October 2025?
- No place limits: all Australian first home buyers who have saved a 5% deposit can apply.
- No income caps: first home buyers with higher incomes can access the Scheme.
- Higher property price caps: to help home buyers in areas where property prices have increased.
- Regional areas: the Regional First Home Buyer Guarantee will be replaced by the First Home Guarantee.
If you would like to know whether these changes make a difference to your plans, it is worth running the numbers on your own situation before you start looking.