Rajatheertha Construction & Real Estate News Blog

Australia's First Home Guarantee in 2026: How to Buy With a 5% Deposit Without Lenders Mortgage Insurance Australia | October 23, 2026 Buying a first home in Australia can require a substantial amount of savings. A property priced at $600,000 would require a $120,000 deposit if the buyer aimed for a conventional 20% deposit. Saving that amount while also paying rent can be difficult. But eligible buyers may be able to purchase with a minimum deposit of $30,000 through the Australian Government's 5% Deposit Scheme. The difference is significant. It does not mean that the government pays the other $90,000. Instead, the government provides a guarantee to a participating mortgage lender, allowing an eligible buyer to obtain a home loan with a smaller deposit without paying lenders mortgage insurance. The program was formerly known as the Home Guarantee Scheme, which included the First Home Guarantee. Since October 1, 2025, the expanded program has operated under the name Australian...

  Australia 5% Deposit Scheme 2026: Current Price Caps, Eligibility and How Much Deposit You Really Need Australia | October 13, 2026 Australia’s low-deposit homebuyer scheme has just passed an important milestone. More than 102,000 first-home buyers used the expanded Australian Government 5% Deposit Scheme during its first year , according to Housing Australia data released by the federal government on October 1. The scheme changed substantially on October 1, 2025. Income limits were removed, the number of available places became unlimited and property-price caps were increased. It is the programme previously known as the Home Guarantee Scheme , including the First Home Guarantee. For an eligible first-home buyer, the headline benefit is simple: you may be able to buy a home with a deposit as small as 5% without paying Lenders Mortgage Insurance. But that sentence can also be misleading if it is taken to mean buying with 5% is automatically affordable or low risk. Australia’s hous...