Thinking of buying your first home? The Australian Government’s 5% Deposit Scheme could help you get there sooner—without paying lenders’ mortgage insurance. But before you dive in, it’s crucial to understand the eligibility criteria, hidden costs, and common mistakes first-time buyers often make. This guide breaks down the scheme, state-by-state price caps, and practical tips to help you make a confident, informed decision.

Discover the benefits of a Family Guarantee when buying a home. Pool resources with loved ones, leverage family assets, and explore options like co-ownership and shared equity. Learn how these arrangements can make homeownership more accessible while highlighting important responsibilities. Contact us to find out if a Family Guarantee is right for your family’s property goals!

Starting October 1st, 2025, the Home Guarantee Scheme expands to include unlimited applicants, higher income eligibility, simplified regional access, and increased property price caps. While intended to help buyers, these changes may push prices higher and challenge affordability. With my 30 years of experience, I believe supply shortage remains the true issue, and acting early could benefit prospective buyers.