24/09/2025
🚨 Big Changes Coming: First Home Guarantee Scheme Update (From 1 October 2025) 🏡
If you’re a first home buyer, or haven’t owned property in the last 10 years, you’ll want to read this 👇
Starting 1 October 2025, major changes to the First Home Guarantee Scheme will make it much easier for eligible buyers to get into the property market, even with a smaller deposit.
What’s changing?
✅ Buy with just a 5% deposit
✅ Pay no Lenders Mortgage Insurance (LMI)
✅ No income cap — even high-income earners can qualify
✅ Higher property price caps (e.g. up to $1.5M in metro NSW)
✅ Unlimited places — no cap on how many people can apply
✅ Still for owner-occupied homes only
✅ Available to first home buyers OR those who haven’t owned property in the past 10 years
What does this mean for you?
If you’ve been saving for years to hit a 20% deposit, this could let you buy much sooner, without the extra cost of LMI.
Whether you're on a high income, buying solo, or with a partner, these changes open the door for many who previously wouldn’t have qualified.
✅ Note: The property must be owner-occupied and fall within the scheme’s price cap for your area. Credit assessment still applies.
💬 Let me know if you would like me to check your eligibility or see how much you could borrow. I can help you understand what’s possible, run the numbers, and guide you through the next steps.
