50,000 new places in the Home Guarantee Scheme

If you’re trying to enter the property market, the federal government has just potentially made it a little easier. As of 1 July 2025, another 50,000 places have been made available under the Home Guarantee Scheme for the 2025–26 financial year.

This scheme is designed to help eligible buyers purchase a home with a smaller deposit, by having part of their loan guaranteed by the government. That allows participants to buy a property without needing to pay lenders mortgage insurance (LMI), which can save thousands of dollars.

The 50,000 additional places will be allocated as follows:

• 35,000 places for the First Home Guarantee – helping eligible first-home buyers purchase a property with as little as 5% deposit.
• 10,000 places for the Regional First Home Buyer Guarantee – supporting eligible first-home buyers in regional areas.
• 5,000 places for the Family Home Guarantee – assisting eligible single parents or single legal guardians with a deposit as low as 2%.

Many Australians have already benefited

Housing Australia CEO Nathan Dal Bon said the scheme “continues to play an important role in helping Australians achieve the dream of home ownership” and that it “has already helped over 160,000 people since 2020”.

To be eligible, you’ll need to meet certain criteria, including income caps and property price limits, which vary by location and guarantee type. You must also be an Australian citizen or permanent resident and plan to live in the home.

The new places are expected to be popular, so it’s a good idea to get prepared if you think you might qualify. We can talk you through getting your finances in order and walk you through the application process.