Home Guarantee Scheme

The highly anticipated expansion of the Home Guarantee Scheme has potenitally been brought forward to now begin 1 October 2025, with new property price caps announced.

What’s changing?

• Unlimited places - All Australian first home buyers who have saved a 5% deposit can apply.

• No income caps - First home buyers with higher incomes can also access the Scheme.

• Simpler access in regional areas - Regional First Home Buyer Guarantee will be replaced by the First Home Guarantee.

• Higher property price caps - To help home buyers with increased property prices.

Some notable changes in the property price cap include:

• NSW

  (Sydney & regional centres): $900k → $1.5m

• VIC (Melbourne & regional centres): $800k → $950k

• QLD (Brisbane & regional centres): $700k → $1m

• ACT: $750k → $1m

• SA (Adelaide): $600k → $900k

• WA (Perth): $600k → $850k

The full list of property price caps can be found on the Housing Australia website.

The government estimates that this expansion will significantly reduce the time it takes to save for a deposit. It also allows buyers to put more money into their own loan instead of rent and save around $42,000 in mortgage insurance.

If you’re looking to buy your first home and want to see how these possible changes could help you, please reach out!