Two Big Game Changers for First Home Buyers
More Australians can finally get in the door sooner – with only a 5% deposit and no lender’s mortgage insurance.
Dreaming of your first home? From 1 October 2025, the Australian Government is rolling out transformative upgrades to the First Home Guarantee, making homeownership more accessible than ever.
Here’s what’s changing from 1 October 2025 (per Housing Australia):
- No more place limits: All eligible first home buyers who have saved a 5% deposit can apply – no caps on availability
- Income caps gone: Higher‑earning Australians can now access the scheme – no income restrictions
- Higher property price caps: Caps have increased to reflect today’s market:
- VIC (capital city & regional centres): from $800K → $950K
- NSW (capital city & regional centres): from $900K → $1.5M
- QLD (capital city & regional centres): from $700K → $1M
- Increases across other states/territories
- Simplified regional access: The Regional First Home Buyer Guarantee will be folded into the First Home Guarantee for easier, unified access
Why these changes matter
More Australians can finally get in the door sooner – with only a 5% deposit and no lender’s mortgage insurance.
Greater flexibility: Higher-earners and those in regional areas gain access.
Updated caps mean real homes now fall within reach in major markets like Sydney, Melbourne, and Brisbane.
For expert guidance please call our office on (03) 9882 2500 or Contact Us today.
