Big news for first home buyers: from 1 October 2025, the Home Guarantee Scheme is getting a major upgrade. No more limits, no more caps, just a fairer shot at getting into your first home with as little as 5% deposit and without the extra sting of Lenders Mortgage Insurance.
So, what’s changing?
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No more place limits: if you’ve got a 5% deposit, you’re in the running.
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No income caps: higher earners aren’t left out anymore.
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Bigger property price caps: great if you’re buying in areas where prices have jumped.
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Simpler rules for regional buyers: the Regional First Home Buyer Guarantee is being rolled into the main First Home Guarantee.
The best part? The Scheme is open through 30+ lenders across Australia: from major banks to local customer-owned and regional banks, so you’ve got plenty of choice.
At Loan Monster, we’ll break it all down for you, make sure you know your options, and help you take advantage of the Scheme if it’s the right fit for you.
