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New Changes to the Home Guarantee Scheme
Buying your first home can feel like a daunting challenge, but the Federal Government’s updated Home Guarantee Scheme is here to make it easier. From 1 October 2025, first home buyers across Australia can take advantage of a range of changes designed to simplify the process and improve access to homeownership.
The updated scheme provides greater flexibility, fewer restrictions, and financial relief to help you secure your first home at Deanside Village.
What’s New in the Home Guarantee Scheme?
Here’s a breakdown of the key changes every first home buyer should know:
1. No Place Limits
All Australian first home buyers with a 5% deposit are now eligible, regardless of location. Whether you’re in Melbourne or regional Victoria, the scheme is now universally accessible.
2. Income Caps Removed
Previously, high-income earners could be excluded. The new scheme removes income limits, meaning more Australians can access the support they need to buy their first home.
3. Higher Property Price Caps
The updated scheme reflects current property values with increased price caps:
- Melbourne & Geelong: Up to $950,000
- Regional Victoria: Up to $650,000
This allows first home buyers to explore a wider range of properties across metropolitan and regional locations.
4. Regional Guarantee Merged
The Regional First Home Buyer Guarantee is now fully merged into the main First Home Guarantee. This simplifies access for buyers outside major cities and ensures everyone can benefit from the scheme without separate applications.
5. No Lenders Mortgage Insurance (LMI)
The scheme continues to help first home buyers avoid costly LMI, reducing upfront costs and making homeownership more attainable.
Why the Changes Matter
These updates make the journey to homeownership faster, simpler, and more affordable. With fewer restrictions, higher property limits, and streamlined regional access, first home buyers now have more options and flexibility than ever before.
How to Get Started
If you’re ready to explore first home options, now is the perfect time to understand the grants, incentives, and property options available to you. From state-based first home buyer grants to stamp duty concessions, there are multiple supports designed to make your first home purchase smoother.
Click below to learn more, check eligibility, and view our available house and land packages at Deanside Village.
