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🚨 Huge News for First Home Buyers – From 1 October 2025!

Getting into the property market is about to become much easier. The Australian Government has announced a major expansion of the Home Guarantee Scheme – and it’s all good news if you’re looking to buy your first home.

Unlimited places – no more missing out! Every eligible first home buyer who has a 5% deposit can apply.
No income caps – higher income earners can now take advantage too.
Higher property price caps – making it possible to buy in areas where property prices have risen.
Simpler access – one nationwide scheme instead of separate regional programs.

What does this mean for you?

From 1 October 2025, the Home Guarantee Scheme becomes bigger and better. First home buyers across Australia can still purchase with as little as a 5% deposit and pay no Lenders Mortgage Insurance (LMI) – saving tens of thousands of dollars.

Many buyers who previously missed out from the previous scheme (scheme before 1 Oct 2025) will now be eligible. With no income caps, unlimited places, and higher property price caps that better reflect today’s market, thousands more Australians will finally be able to take their first step into home ownership.

For example:

Sydney & Newcastle: from $900k → $1.5 million
Brisbane & Gold Coast: from $700k → $1 million
Melbourne & Geelong: from $800k → $950k
Perth: from $600k → $850k
Adelaide: from $600k → $900k
Canberra: from $750k → $1 million

(And there are increases across most regional areas too!)

Why this matters

For the first time ever, there will be no limit on the number of guarantees available – meaning every first home buyer who qualifies can get access. This is a game-changer, especially in high-demand cities where places may run out fast.

With over 30 lenders participating (including major banks, regional banks, and customer-owned banks), you’ll have plenty of choice when applying.

Next steps if you’re thinking of buying

Next steps if you’re thinking of buying

Check the new property price cap in your area.
See if you’re eligible for the Scheme. We are happy to check it for you.
Chat with Mortgage Helpdesk – we specialize in guiding first home buyers through this exact process. We’ll explain your options, compare lenders, and handle the paperwork so you can focus on finding your first home.
Apply through a participating lender – we’ll connect you with the right one and help you apply without charging you a fee.

At Mortgage Helpdesk, our goal is to make your first home journey stress-free. With these expanded changes, more Australians are eligible than ever before – and we’re here to make sure you take full advantage.

Disclaimer: This article was written on 25 August 2025. We’ve done our best to keep the information accurate and up to date, but things can change. Please double-check the details on the official Housing Australia website or chat with us directly before making any decisions.

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