First Home Buyers Guarantee

“The Australian Government has expanded the Home Guarantee 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.” For Sydney the price cap has increased to $1,500,000 from $900,000 and eligibility is not means tested. For more information on the Scheme, please click the following link. This is great news for younger buyers, however it will put pressure on prices with the increase in demand for properties under the cap at $1,500,000.