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The next wave of the Home Guarantee Scheme has been released, with 50,000 new places now available for the 2025–26 financial year.
The latest wave of the Home Guarantee Scheme is now open, with 50,000 new places on offer for the 2025–26 financial year.
The Home Guarantee Scheme is administered by the independent body, Housing Australia, and aims to help home buyers enter the property market by offering low deposit mortgages that do not require lenders mortgage insurance.
While a standard 20 per cent deposit is usually required to purchase a home, eligible buyers are able to instead pay a 5 per cent deposit under the First Home Guarantee, or as little as 2 per cent through the Family Home Guarantee.
From today, 50,000 places will be available for the 2025–26 financial year across the three guarantees:
- 35,000 places for the First Home Guarantee.
- 10,000 places for the Regional First Home Buyer Guarantee.
- 5,000 places for the Family Home Guarantee.
Since the launch of the Home Guarantee Scheme in January 2020, Housing Australia said the initiative has helped more than 230,000 home buyers to fast-track their entrance into the property market.
While placement limits will still apply for the Family Home Guarantee scheme over the 2025–26 financial year, the federal government is expected to fulfil its recent election pledges by removing income and placement limits for the guarantee in January 2026.
The revision would enable all first home buyers to purchase a home with a 5 per cent deposit, as opposed to the current criteria that limits eligibility to singles earning less than $125,000 per year, and couples with a combined income of up to $200,000 annually.
Ahead of the change, Housing Australia CEO Scott Langford said the new placements for FY26 would help a broad range of Australians to step onto the property ladder.
“We’re thrilled to announce the release of 50,000 new Home Guarantee Scheme places, ensuring that more Australians – whether they’re first-time buyers, regional residents, or single parent families – can achieve their dream of home ownership, sooner,” Langford said.
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