Home Guarantee Scheme
Government-backed schemes that can get you in with a smaller deposit.
Government-backed schemes that let eligible buyers get in with a smaller deposit - and skip Lenders Mortgage Insurance.
What it is
The Home Guarantee Scheme is an Australian Government program administered by Housing Australia that lets eligible buyers purchase with a low deposit while the government guarantees part of the loan - so you can avoid Lenders Mortgage Insurance.
The two guarantees
First Home Guarantee
Eligible first-home buyers can buy with as little as a 5% deposit and no LMI. From 1 October 2025 the scheme expanded: no income caps, no place limits, and higher price caps - currently $1,000,000 for Brisbane, the Gold Coast and the Sunshine Coast, and $700,000 for the rest of Queensland. The former Regional First Home Buyer Guarantee is now folded in.
Family Home Guarantee
Supports eligible single parents and eligible single legal guardians to buy with a deposit as low as 2%, subject to conditions.
Important
Eligibility criteria and property price caps still apply, are set by Housing Australia, and can change over time - and the scheme is only available through participating lenders. We'll check the current criteria against your situation and walk you through it.
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