Unlimited places, higher property price caps for first home buyers from 1 October 2025
- Housing Australia
- Sep 2
- 1 min read
Housing Australia welcomes the Australian Government’s expansion of the Home Guarantee Scheme (Scheme) with unlimited places and increased property price caps to help more Australians to buy their first home, sooner.
From 1 October 2025, the Scheme will remove limits to the number of Government guarantees available, giving all Australian first home buyers the chance to enter the market with a deposit of as little as 5% and avoid Lenders Mortgage Insurance.
The expanded Home Guarantee Scheme delivers on the Government’s election commitment to support all Australians into home ownership.
What’s changing from 1 October 2025?
No place limits: all Australian first home buyers who have saved a 5% deposit can apply.
No income caps: first home buyers with higher incomes can access the Scheme.
Higher property price caps: to help home buyers where property prices have increased.
Simpler access in regional areas: Regional First Home Buyer Guarantee will be replaced by the First Home Guarantee.
The Home Guarantee Scheme is available through over 30 Participating Lenders across Australia, including a wide range of customer-owned and regional banks, as well as major banks. Housing Australia will continue to work with lenders to increase access to the Scheme.
Original article: https://www.housingaustralia.gov.au/media/unlimited-places-higher-property-price-caps-first-home-buyers-1-october-2025