Imagine stepping into your first home sooner than you thought possible, with less upfront cost and more flexibility.
The Australian Government 5% Deposit Scheme is designed to help first home buyers, single parents, and legal guardians fast-track their journey to home ownership. With low deposit requirements and no income caps or Lenders Mortgage Insurance (LMI), it’s a great way to get started.
Whether you're buying a cosy apartment, a family home, or building on vacant land, the Scheme gives you the freedom to choose a home that suits your lifestyle, location, and budget.
- Low deposit options - 5% for first home buyers, or 2% for single parents/legal guardians.
- No income caps
- No Lenders Mortgage Insurance
- Wide choice of home types - from apartments to house-and-land packages.
- Unlimited spots
Ready to get started?
Use the Housing Australia online eligibility tool to check your status in minutes and check out the price caps for the area you are looking to buy in with the postcode tool. Then, speak with a one of our Lenders to explore your options and start your journey to home ownership.
