GREAT NEWS FOR FIRST HOME BUYERS!
The Home Guarantee Scheme has been updated
The new changes could make buying your first home faster, easier and more affordable than ever before.
First let’s understand the Home Guarantee Scheme.
The Home Guarantee Scheme allows eligible buyers to purchase or build their first home with as little as 5% deposit, while the federal government guarantees the remaining 15% helping you avoid paying Lenders Mortgage Insurance (LMI), which can cost upwards of tens of thousands of dollars.
The scheme expands significantly from October 1, 2025 and will benefit even more Australians.
Check out the changes and benefits:
- No cap on applicant numbers - The scheme will now be available to all eligible first home buyers.
- No income limits - Removal of income limits mean that higher income earners will now be able to access the scheme.
- Higher property price caps - gives you bigger choice of property options and suburbs.

Home Guarantee Scheme Benefits:

Saves you time and money
Saving 20% deposit can take years. With this scheme you only need 5% upfront and can skip the LMI, potentially saving tens of thousands of dollars and fast tracking your way into home ownership.
Access to more property options and suburbs
The most impactful change to buyers in Sydney and surrounds is the increase in property house caps. The price limit will rise from $900,000 to $1,500,000 - giving you access to a wider range of home and previously unattainable areas.
Eligible property types include:
- House and Land Packages
- Land with separate building contract
- Payment on Completion and newly built homes. See our range of complete homes.
It supports different family structures.
You don’t need to be married or in a defacto relationship to apply. The scheme allows joint applications from family members, like siblings or cousins.
Are you ready? Here’s what you need to do.
- Confirm your eligibility for the scheme. Find out more here.
- Check your borrowing capacity with an eligible lender. This will allow you to set your buying capacity and narrow down your home options.
- Explore your home options or check out our display homes for more inspiration
- Contact us and our friendly staff will guide you through what Firstyle homes has to offer.

With 300 Home and land Packages and Over 200 designs let Firstyle Homes join you on your home journey, building trust every step of the way.
The above information/advice is general in nature. It does not take into account your objectives, financial situation or needs. Before acting on any information, you should consider the appropriateness of the information provided and the nature of the relevant Home Guarantee Scheme having regard to your objectives, financial situation and needs.
Please refer to the Home Guarantee Scheme for more information and eligibility.