Australian Government 5 percent Deposit Scheme
What is the Australian Government 5% Deposit Scheme?
Imagine unlocking the door to your very own home, sooner than you ever thought possible. With the Australian Government 5% Deposit Scheme – now with expanded eligibility – you can own your first home sooner.
The Scheme is for aspiring home buyers just like you – first home buyers with a minimum 5% deposit, or single parents or legal guardians with a minimum 2% deposit.
The Australian Government has already helped over 248,000 Australians since the Scheme commenced in 2020 – could you be next?
How it works
From 1 October 2025, the changes to the Scheme meant no income caps, no waitlists and no Lenders Mortgage Insurance. It will reduce your upfront costs and get you on the path to home ownership sooner. Whether you’re eyeing a cosy apartment, family house or building on vacant land – the Australian Government can help you into a home that suits your lifestyle, locations and budget, right across the country.
The Australian Government 5% Deposit Scheme was formerly known as the Home Guarantee Scheme.
