A quick guide on the Home Guarantee Scheme, who is eligible for the five per cent deposit and how to apply for the scheme, from Ray White Head of Research, Vanessa Rader.
The Albanese Government’s decision to bring forward the expanded five per cent deposit scheme (Home Guarantee Scheme) to 1 October 2025 represents the most significant first home buyer intervention in decades. With national house prices verging on $950,000 and units at $700,000, the traditional path to homeownership has become increasingly challenging for young Australians.
Read the 5% deposit scheme for first home buyers guide here.
Thinking about buying a property with a 5% deposit?
Take a look at our checklist to get prepared and make sure you’re in the best position you can be if you’re looking to buy your first home. The newly introduced five per cent deposit is only available to eligible buyers, but there are also other considerations to think about with your financial position and the current market.
Read the first home buyer key tips here.