Home Guarantee Scheme

The First Home Guarantee is part of the Home Guarantee Scheme, an Australian Government initiative that helps home buyers to buy a home sooner.

The First Home Guarantee supports home buyers who have saved a minimum deposit of 5% of the Property Value, and meet other eligibility criteria, to buy a home. For the 2025/2026 financial year, 35,000 places are available for the First Home Guarantee.

Eligibility requirements:

• Citizenship and permanent residency – be an Australian citizen(s) or permanent resident(s) at the Home Loan Date*
• Income – your taxable income must be at or below the income cap - $125,000 for individuals or a combined $200,000 for joint applicants – shown in the Notice of Assessment (NOA) for the previous financial year, issued by the Australian Taxation Office (ATO)
  Deposit – you must have minimum deposit savings of 5% of the Property Value
• Prior property ownership – you must be a first home buyer or not have owned a property in Australia in the last 10 years (applies to both in a joint application) at the Home Loan Date*
• Owner-occupier – you must buy or build a home to live in (investment properties are not eligible), and
• Minimum age – you must be at least 18 years old

^{*The Home Loan Date is the date you sign your home loan agreement with your Participating Lender. You should confirm this date with the lender, as this date can vary between buyers and lenders.}

There are also eligibility criteria relating to the property (making it an Eligible Property) and home loan (making it an Eligible Home Loan), including:

• The property must be residential and its purchase price and Property Value must be at or below the location’s price cap, and
• The loan must be an owner-occupier home loan from a Participating Lender with Principal and Interest repayments and a term of up to 30 years (plus up to 3 years to build a new home)

Find out more about the First Home Guarantee.

The Regional First Home Buyer Guarantee is part of the Home Guarantee Scheme, an Australian Government initiative that helps home buyers to buy a home sooner.

The Regional First Home Buyer Guarantee supports regional home buyers who have saved a minimum deposit of 5% of the Property Value, and meet other eligibility criteria, to buy a home in a regional area. For the 2025/2026 financial year, 10,000 places are available for the Regional First Home Buyer Guarantee.

Eligibility requirements:

• Citizenship and permanent residency – be an Australian citizen(s) or permanent resident(s) at the Home Loan Date
• Income – your taxable income must be at or below the income cap - $125,000 for individuals or a combined $200,000 for joint applicants – shown in the Notice of Assessment (NOA) for the previous financial year, issued by the Australian Taxation Office (ATO)
• Deposit – you must have minimum deposit savings of 5% of the Property Value
• Prior property ownership – you must be a first home buyer or not have owned a property in Australia in the last 10 years (applies to both in a joint application) at the Home Loan Date*
• Owner-occupier – you must buy or build a home to live in (investment properties are not eligible), and
• Minimum age – you must be at least 18 years old

*The Home Loan Date is the date you sign your home loan agreement with your Participating Lender. You should confirm this date with the lender, as this date can vary between buyers and lenders.

There are also eligibility criteria relating to the property (making it an Eligible Property) and home loan (making it an Eligible Home Loan), including:

• The property must be in a defined regional area
• The property must be residential and its purchase price and Property Value must be at or below the location’s price cap, and
• the loan must be an owner-occupier home loan from a Participating Lender with Principal and Interest repayments and a term of up to 30 years (plus up to 3 years to build a new home)

Find out more about the Regional First Home Buyer Guarantee.