The Home Guarantee Scheme 2025–26 offers 50,000 places to help Australians buy a home with as little as 2–5% deposit and no LMI.
Getting into the property market just got easier for thousands of Australians. The federal government has officially released 50,000 new places under the Home Guarantee Scheme (HGS) for the 2025–26 financial year, opening more doors to home ownership, especially for first home buyers, single parents, and regional buyers.
Launched in 2020 and administered by Housing Australia, the scheme allows eligible home buyers to purchase with as little as 5% deposit — or even 2% for single parents — without paying lender’s mortgage insurance (LMI). This reduces upfront costs by tens of thousands of dollars, potentially fast-tracking home ownership by several years.
35,000 places under the First Home Guarantee
10,000 places under the Regional First Home Buyer Guarantee
5,000 places under the Family Home Guarantee
More than 230,000 Australians have already purchased a home through the scheme since its inception. This year’s allocation is expected to be just as popular — especially as housing affordability remains a key challenge in many parts of the country.
In a welcome move, the government has extended the Family Home Guarantee and Regional First Home Buyer Guarantee beyond their original mid-2025 expiry, ensuring continued support for those most in need. This extension means single parents and regional buyers can continue to access lower-deposit home loans well into the future.
Eligibility depends on the specific guarantee, but general criteria include:
You must be an Australian citizen or permanent resident
Income caps apply (up to $125,000 for individuals, $200,000 for couples)
You must intend to live in the property
Applicants must not own another property when applying
From 2023, the scheme was expanded to include permanent residents, joint applications from friends or siblings, and previous homeowners who haven’t owned in the last 10 years. This broader eligibility remains in place for 2025–26.
The scheme removes one of the biggest hurdles to buying a home — the need to save a full 20% deposit. By removing the LMI cost, it also means more of your money goes into your home, not insurance premiums. This can be especially helpful in high-demand areas where prices are still rising.
Thinking of applying? We can guide you through the eligibility process, work out your borrowing power, and help you secure a home loan that fits your needs.
Don’t wait too long — these spots are limited and in high demand.
Let’s find out if you’re eligible and take the next step together.