The Albanese government’s expanded 5% deposit scheme for first home buyers came into effect on October 1, 2025.
The First Home Buyer Guarantee program enables eligible buyers to purchase a home with a 5% deposit, with the federal government guaranteeing the remaining 15%.
This means buyers avoid paying Lenders Mortgage Insurance (LMI), save $10,000–$30,000 depending on the home, and can get into the market much faster.
