Ready to buy your first home?
As an approved lender of the Australian Government’s Home Guarantee Scheme, we are here to help
bring your dream of first home ownership to life.
Home Guarantee Scheme
As an approved lender of the Australian Government’s Home Grant Schemes, we are here to help bring your dream of first home ownership to life.
What is it?
Are your home ownership dreams feeling a little out of reach? The Home Guarantee Scheme (HGS) is an Australian Government initiative to support eligible homebuyers purchase a home sooner with a very low minimum deposit. Plus, with no Lenders Mortgage Insurance (LMI), you could save thousands!
The Scheme is administered by Housing Australia and includes the following Guarantees:
- First Home Guarantee (FHBG), previously known as the First Home Loan Deposit Scheme – for eligible first home buyers or previous home owners who haven't owned a property in the ten years prior
- Family Home Guarantee (FHG) – for eligible single parents with dependents
- Regional First Home Buyer Guarantee (RFHBG) – for eligible first home buyers or previous home owners who haven't owned a property in the ten years prior, living and buying in a regional area
Check your eligibility
Am I eligible?
Read the factsheets and FAQs to learn more about the Guarantees.
FAQs
Am I eligible for the First Home Guarantee?
First Home Guarantee eligibility:
- You intend to be an owner occupier of the property
- You’re 18+ years of age, an Australian citizen or Permanent Resident and have a Medicare card number
- Singles have earned no more than $125,000 taxable income in the last financial year
- Joint applicants have combined earnings of no more than $200,000 taxable income in the last financial year
- You're building or purchasing a home below the property price cap of the location you’re buying in
Am I eligible for the Family Home Guarantee?
Family Home Guarantee eligibility:
- You intend to be an owner occupier of the property
- You’re 18+ years of age, an Australian citizen or Permanent Resident and have a Medicare card number
- Must be a single parent with at least one dependent child and have earned no more than $125,000 taxable income in the last financial year
- You're building or purchasing a home below the property price cap of the location you’re buying in
- Applicants can be either first home buyers or previous owners who do not currently own a home.
Am I eligible for the Regional First Home Buyer Guarantee?
Regional First Home Buyer Guarantee eligibility:
- You intend to be an owner occupier of the property
- You’re 18+ years of age, an Australian citizen or Permanent Resident and have a Medicare card number
- Singles have earned no more than $125,000 taxable income in the last financial year
- Joint applicants have combined earnings of no more than $200,000 taxable income in the last financial year.
- One or both buyers must be first homebuyers and one or both buyers must have lived in the regional area or adjacent regional area they are purchasing in for the preceding 12-month period. Use the Regional Checker to check your postcode.
Check your eligibility
Check regional area eligibility
Which properties are eligible for the First Home Guarantee and the Family Home Guarantee?
The maximum property price thresholds for the Family Home Guarantee are the same as those applying to the First Home Guarantee.*
| State |
Capital city & regional centres* |
Rest of state |
| NSW* |
$900,000 |
$750,000
|
| VIC |
$800,000 |
$650,000
|
| QLD |
$700,000 |
$550,000
|
| WA |
$600,000 |
$450,000
|
| SA |
$600,000 |
$450,000
|
| TAS |
$600,000 |
$450,000
|
| Territory |
All areas |
| ACT* |
$750,000 |
| NT |
$600,000 |
| Jervis Bay Territory & Norfolk Island |
$550,000 |
| Christmas Island & Cocos (Keeling) Islands |
$400,000 |
*Note that regional centres only include the areas identified as (1) in New South Wales, Illawarra and Newcastle and Lake Macquarie, (2) in Victoria, Geelong, and (3) in Queensland, Gold Coast and Sunshine Coast.
A postcode look-up tool is available at nhfic.gov.au for general information. You are able to use this tool to get an idea of whether a property is in a particular price cap area.
Which properties are eligible for the Regional First Home Buyer Guarantee?
| State |
Regional centre* |
All other Regional Areas |
| NSW* |
$900,000 |
$750,000
|
| VIC |
$800,000 |
$650,000
|
| QLD |
$700,000 |
$550,000
|
| WA |
|
$450,000
|
| SA |
|
$450,000
|
| TAS |
|
$450,000
|
| Territory |
Regional area |
| ACT* |
Not applicable |
| NT |
$600,000 |
| Jervis Bay Territory & Norfolk Island |
$550,000 |
| Christmas Island & Cocos (Keeling) Islands |
$400,000 |
# The greater capital city areas of the States and the Northern Territory; and the entire Australian Capital Territory are excluded from the RFHBG
*Note that regional centres only include the areas identified as (1) in New South Wales, Illawarra and Newcastle and Lake Macquarie, (2) in Victoria, Geelong, and (3) in Queensland, Gold Coast and Sunshine Coast.
* The property price caps for regional centres with a population over 250,000 (Newcastle & Lake Macquarie, Illawarra (Wollongong), Geelong, Gold Coast and Sunshine Coast) reflect that dwellings in regional centres can be significantly more expensive than other regional areas.
How to apply
1. Check if you’re eligible
Use the government’s simple online eligibility tool to find out if you can apply.
2. Talk to our home loan specialists
Buying your home can be overwhelming. We’ll help guide you through the process and help find the best home loan for your needs.
3. Find your first home
This is the fun bit – shopping. Remember, your home will need to meet certain eligibility criteria for the scheme.
First home buyer resources:
Why choose us?
Flexibility for you
We accept three months of employment history for regular relief and casual teachers.2
Calculate how much you can save
Compare two loans to see what you can save.
A single contact at every stage
Have the same Lending Specialist throughout the whole process.
Anytime, anywhere
Face to face5, on the phone or by video, our Lending Specialists can work around your teaching hours.
