01/09/2025
Major Update to the Government 5% Deposit Scheme! 🏡
From 1 October 2025, the Australian government is supercharging access to home ownership with a fast-tracked and expanded First Home Guarantee (aka the 5% deposit scheme):
👉 Available to all first-home buyers — income caps and annual quota limits are gone
👉 Save thousands on upfront costs by avoiding Lenders Mortgage Insurance — the government steps in to guarantee up to 15% of your home loan
👉 Higher property price caps now match real market values—think up to $1.5 million in Sydney, $950K in Melbourne, $1 million in Brisbane, and more!
What you can do now:
1. Consider getting pre-approval early — demand is expected to be high
2. Save a little more than 5% if possible — a bigger deposit still gives you a stronger position
3. Talk to our mortgage broking team — every lender will treat the scheme differently, and expert guidance helps you nail the best outcome.
