Australian Government 5% Deposit Scheme
Buying your First Home might be easier than you thought!
Owning your first home may be closer than you think.
Under the Australian Government's 5% Deposit Scheme, eligible first home buyers can purchase with as little as a 5% deposit, while eligible single parents and legal guardians may qualify with just a 2% deposit.
With expanded eligibility from 1 October 2025, the Scheme has no income caps, no waitlists and no Lenders Mortgage Insurance (LMI) for eligible applicants. That means lower upfront costs and a faster path to home ownership.
Whether you're buying an apartment, a family home or vacant land to build on, I can help you determine if you're eligible and guide you through the application process.
5% Deposit Scheme FAQ
Eligible buyers can enter the property market sooner by purchasing with just a 5% Deposit, instead of the usual 20% Deposit.
Usually having less than a 20% Deposit would incur costly Lenders Mortgage Insurance or requiring a Loan Guarantor.
Under this scheme, your deposit is 5% of the purchase price, and you will also need funds upfront for the Stamp Duty and other associated fees.
The Australian Government goes guarantor for the loan, allowing to purchase with just the 5% Deposit + Stamp Duty and Fees.
Eligibility depends on factors such as being an eligible first home buyer, meeting citizenship or residency requirements, and purchasing an eligible property.
I can help you determine whether you qualify.
Even if you have owned a home in the past (over 10 years ago) you may still qualify.
No. Eligible borrowers approved under the Scheme can buy with a smaller deposit without paying Lenders Mortgage Insurance, potentially saving thousands in upfront costs.
Yes. Alongside your 5% Deposit, you will need to cover the cost for the Stamp Duty and associated Government and Legal Fees. We can calculate these fees for you.
If you have owned in the past, but sold over 10 years ago, you may still qualify for the 5% Deposit Scheme.
Get in touch and we can check your eligibility today!
Depending on the Scheme rules, you may be able to buy an established home, a new home, an off-the-plan property, or vacant land to build your first home.
No, not for the 5% Deposit Scheme.
Yes, there is maximum purchase price limits. These vary State by State and factoring in whether the property is Metro or Regional
No. There is no cost to use our services. If we are able to find your a suitable Refinance solution, we get paid a commission directly from the Bank/Lender.
Check if you are eligible for the 5% Deposit Scheme!
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