Big news for first-home buyers! From 1 October 2025, the Home Guarantee Scheme (HGS) is expanding to make buying your first home easier.

Key changes include:

• Unlimited places (no caps on applicants)

• No income limits

• Higher property caps (Sydney up to $1.5M, Melbourne $950K, Brisbane $1M)

With the scheme, you can buy with just a 5% deposit and avoid lender’s mortgage insurance (LMI), saving thousands.

Why prepare now? These updates are being brought forward, and demand is expected to surge. Having pre-approval ready before October means you’ll be in the best position when the changes take effect.

Don’t forget, many states also offer stamp duty exemptions for first-home buyers, which can be combined with the HGS for even more savings.

A Family Guarantee loan can help you buy property sooner — even without a deposit. Learn how parents can support adult children without giving cash, and how to structure it right.

Looking for a home loan or refinance but not sure where to start? That’s where I come in! At Good Finance Solutions, I’m here to make your loan journey easy, clear, and stress-free.

A deposit bond is a substitute for a cash deposit when purchasing property. It acts as a guarantee to the seller that you will pay the deposit at settlement, without needing upfront cash. This can be useful for buyers who have funds tied up elsewhere or are waiting for settlement proceeds.

Looking for a home loan or refinance but not sure where to start? That’s where I come in! At Good Finance Solutions, I’m here to make your loan journey easy, clear, and stress-free.

10 reasons to use a mortgage broker.

The Best Interest Duty (BID) is a legal obligation that requires mortgage brokers to act in the best interests of their clients when recommending a home loan. Introduced in Australia in 2021 as part of reforms to improve trust and transparency in the mortgage industry, this duty ensures that brokers prioritise the borrower’s needs and financial goals above their own interests or those of any lender.