First Home Buyers

Buying Your First Home Just Got Easier: First Home Buyer Incentives Oct 2025
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If you’re a first home buyer, this might be the opportunity you’ve been waiting for. The Australian Government is rolling out significant changes to the Home Guarantee Scheme, making it simpler, and more inclusive, for buyers to get their foot in the property market.

The best part? From 1 October 2025, expect no caps on places or income limits, and increased property price caps. Under these changes, Regional First Home Buyer Guarantee will be removed and replaced by the First Home Guarantee, so all Australian first home buyers have access to the market with a deposit as little as 5% (2% single parents or single legal guardians of one or more dependent children) and no Lenders Mortgage Insurance.

Here’s what that actually means for you.

 

What’s Changing from 1 October 2025?

  • No place limits: All Australian first home buyers who meets the 5% deposit requirement can apply. (2% single parents or single legal guardians of one or more dependent children)
  • No income caps: First home buyers with higher incomes can access the Scheme.
  • Higher property price caps: Rising house prices are finally being acknowledged. New caps will reflect the real cost of buying a home in 2025.
  • Simpler access in regional areas: Regional First Home Buyer Guarantee will be replaced by the First Home Guarantee.

 

Why These Changes Matter

Let’s be honest, many first home buyers have felt stuck. Prices keep climbing, saving a 20% deposit is tough, and income or location restrictions only made it harder. These changes are not just policy tweaks; they reflect a shift in how home ownership is being made accessible again.

  • Affordability: A smaller deposit (as low as 5%) means less time saving and more time owning.
  • No Lenders Mortgage Insurance (LMI): That could save you thousands upfront.
  • Broader eligibility: More Australians, especially middle-income earners, can now qualify.

 

How do I apply for the Home Guarantee Scheme after 1 October 2025?

To apply for the Home Guarantee Scheme from 1 October 2025, eligible home buyers must first meet the updated Scheme criteria, which can be assessed using a new online Eligibility Tool. Buyers should also check the revised property price caps for their area. Under the Scheme, Housing Australia provides a Government Guarantee to a Participating Lender, allowing eligible buyers to secure a home loan with as little as 2% or 5% deposit, depending on the specific Guarantee. As your trusted mortgage broker, we can help you apply for a home loan under the Scheme. We’ll guide you through the process and submit your application to a participating lender on your behalf. Once you’re approved, you’ll be ready to purchase and move into your new home sooner than you might have thought possible.

 

Final Thoughts: What This Means for You

These changes signal a major step forward in making home ownership more attainable, especially for those who may have been pushed out of the market by rising prices or outdated eligibility rules.

That’s why we’re here to help you navigate these changes and find the right home loan solution.

Want to know how these changes affect your individual situation?
Get in touch with one of our mortgage experts today.

 

More Resources

Are you eligible? Use the eligibility tool.

Check property price caps by region here.

Check the list of authorised Participating Lenders to offer the Home Guarantee Scheme here. 

Read the official Australian Government announcement, click here. 

 

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Other Useful Resources & Information

First Home Guarantee (FHBG)

The First Home Guarantee (FHBG) is an Australian Government initiative designed to support eligible home buyers in purchasing a home sooner1. It provides a guarantee that allows eligible home buyers on low and middle incomes to purchase a home with a deposit of as little as 5% without needing to pay Lenders Mortgage Insurance1. This scheme is administered by Housing Australia on behalf of the Australian Government1.

Here’s the link for more details: https://www.housingaustralia.gov.au/support-buy-home/first-home-guarantee

Specific schemes and grants can vary by state and territory, and eligibility criteria apply. It’s recommended to check the specific details on the respective websites.

 

First Home Buyer Resources by State

Victoria

First Home Buyer Guide | vic.gov.au

First Home Owner | State Revenue Office

New South Wales

First Home Buyer | Revenue NSW

First Home Buyers Assistance Scheme | NSW Government

Queensland

First Home Owner Grant | Queensland Revenue Office

Applying for the First Home Owner Grant | Queensland Revenue Office

South Australia

First Home Owner Grant | RevenueSA

First Home Buyer | RevenueSA

Western Australia

First Home Owner Grant | Western Australian Government

Home Ownership Options | Western Australian Government

Tasmania

Apply for the First Home Owner Grant | Service Tasmania

First Home Owner | State Revenue Office Tasmania

Northern Territory

First Home Owner Grant | Northern Territory Government

 Home Owner Assistance | NT.GOV.AU

Australian Capital Territory

Buying Your First Home | myGov

First Home Owner Grant | ACT Revenue Office