The Home Guarantee Scheme expansion has been announced by the Australian government to help more Australians achieve their dream of home ownership*.
What’s changed?
From October 1 2025, the Home Guarantee Scheme will expand to offer first home buyers the following:
No place limits: All Australian first home buyers can enter the property market with as little as a 5% deposit.
No income limits: First home buyers can access the Home Guarantee Scheme no matter their income. Previously capped at $125,000 for individuals and $200,000 combined for joint applicants.
Higher property price limits: To help home buyers get in the market where property prices have increased, previously capped.
Simpler access in regional areas: Regional First Home Buyer Guarantee will be replaced by the First Home Guarantee.
How do I apply for the Home Guarantee Scheme?
The Home Guarantee Scheme is available through over 30 participating lenders across Australia, you can check your eligibility on Housing Australia’s website.
It’s always best to talk to your mortgage broker to see how much you could borrow and whether you are eligible for the Home Guarantee Scheme before submitting an application.
Property price limits from 1 October 2025
|
Location |
Current property price limits |
New property price limits: effective 1 October 2025 |
|
NSW – capital city and regional centre^ |
$900,000 |
$1,500,000 |
|
NSW – other |
$750,000 |
$800,000 |
|
VIC – capital city and regional centre^ |
$800,000 |
$950,000 |
|
VIC – other |
$650,000 |
$650,000 |
|
QLD – capital city and regional centre^ |
$700,000 |
$1,000,000 |
|
QLD – other |
$550,000 |
$700,000 |
|
WA – capital city and regional centre |
$600,000 |
$850,000 |
|
WA – other |
$450,000 |
$600,000 |
|
SA – capital city |
$600,000 |
$900,000 |
|
SA – other |
$450,000 |
$500,000 |
^Regional centres are (1) in New South Wales – Illawarra, Newcastle and Lake Macquarie, (2) in Victoria – Geelong, and (3) in Queensland – Gold Coast and Sunshine Coast.
For more information on current Home Guarantee Scheme visit their website here or talk to your Resolve Finance mortgage broker today.