🚨 OCTOBER 2025 BREAKTHROUGH: No More Income Limits!
5% Deposit Now Open to ALL Australians
Previously restricted to low-income earners ($125k/$200k limits). The revolutionary October 2025 changes mean everyone can save $15,000-$35,000 in mortgage insurance
✅ Just 5% deposit required
✅ NO Lenders Mortgage Insurance
🔥 NOW: No income limits
🔥 NEW: Unlimited places
First Home Buyer Calculators
Choose the calculator that best fits your current needs
Home Guarantee Scheme Eligibility Checker
Find out if you qualify for the 5% deposit scheme with NO LMI in 30 seconds
Are you an Australian citizen or Australian Permanent Resident?
The 5% Deposit & No LMI Guide
Your essential guide to the 2025 First Home Guarantee. Learn how to buy your first home sooner and save thousands by avoiding LMI.
Home Guarantee Scheme Eligibility Checker
- ✓
No Income Limits
- Previous caps removed completely - ✓
Unlimited Places Available
- No more waitlists or quotas - ✓Higher price caps - Updated for 2025 market conditions
- ✓
NO Lenders Mortgage Insurance (Major Benefit)
- Government guarantee eliminates LMI
Property Price Caps by State
New South Wales
Capital & Regional Centre:$1,500,000
Other:$800,000
Victoria
Capital & Regional Centre:$950,000
Other:$650,000
Queensland
Capital & Regional Centre:$1,000,000
Other:$700,000
Western Australia
Capital City:$850,000
Other:$600,000
South Australia
Capital City:$900,000
Other:$500,000
Tasmania
Capital City:$700,000
Other:$550,000
ACT:$1,000,000
Northern Territory:$600,000
Key Benefits of the 5% Deposit Scheme
💰
Just 5% Deposit
Minimum deposit required, not the traditional 20%
✨
NO LMI
Save $15,000-$35,000 in mortgage insurance
🏠
Government Guarantee
Up to 15% of property value guaranteed
⏰
Buy Now
Don't wait years to save extra deposit
Eligibility Requirements
Must Have:
- ✓ Australian citizenship or permanent residency
- ✓ First home buyer status (never owned property)
- ✓ Property within price caps for your area
- ✓ Intention to live in the property for 12 months
No Restrictions On:
- ✓ Household income (no income limits)
- ✓ Employment type
- ✓ Number of applicants
- ✓ Property type (house/apartment/townhouse)
Ready to Check Your Eligibility?
Frequently Asked Questions
Still have questions? Ready to get started?