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Ruth Siwinski Ruth Siwinski

Unlock Homeownership : Home Guarantee Scheme Updates from 1 October 2025 🏡✨

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.

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