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Buying a new home

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Congratulations! A new home may be on the horizon.

Whether your new home choice is due to a desire to re-enter the housing market or go out on your own as a single parent or single legal guardian, there may be a Guarantee that can help with your journey.

If you are a previous home owner who hasn't owned a property in the last 10 years you may be eligible for one of the below Guarantees:

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First Home Guarantee

The First Home Guarantee is part of the Home Guarantee Scheme, an Australian Government initiative that helps home buyers to buy a home sooner. The First Home Guarantee supports home buyers who have saved a minimum deposit of 5% of the Property Value, and meet other eligibility criteria, to buy a home. For the 2025/2026 financial year, 35,000 places are available for the First Home Guarantee.  

We’ve been approved as a First Home Guarantee Participating Lender by Housing Australia to offer you this option.

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Regional First Home Guarantee

The Regional First Home Buyer Guarantee is part of the Home Guarantee Scheme, an Australian Government initiative that helps home buyers to buy a home sooner. The Regional First Home Buyer Guarantee supports regional home buyers who have saved a minimum deposit of 5% of the Property Value, and meet other eligibility criteria, to buy a home in a regional area. For the 2025/2026 financial year, 10,000 places are available for the Regional First Home Buyer Guarantee.  

What is a regional area?

A regional area is defined as:

  • the Statistical Area Level 4 (ASGS SA4 2016) areas in a State or the Northern Territory that are not a capital city of that State or Territory; and
  • Norfolk Island; or the Territories of Jervis Bay, Christmas Island or Cocos (Keeling) Islands; as defined in the version published by The Australian Bureau of Statistics (ABS) in July 2016.

The greater capital city areas of each state and the Northern Territory; and the entire Australian Capital Territory are excluded from the RFHBG. Home buyers in these areas may be eligible for the First Home Guarantee and Family Home Guarantee.

We’ve been approved as a Regional First Home Buyer Guarantee Participating Lender by the Housing Australia to offer you this option.

Register your interest
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Check your eligibility

 

  • Citizenship – be an Australian citizen(s) or permanent resident(s) at the Home Loan Date*
  • Income – taxable income at or below $125,000 (individual) or $200,000 (joint), shown on your ATO Notice of Assessment
  • Deposit – minimum 5% (First Home Guarantee or Regional First Home Buyer Guarantee) of the Property Value
  • Property ownership 
    • First Home Guarantee or Regional First Home Buyer Guarantee: must be a first home buyer or not have owned a property in Australia in the last 10 years (applies to both in a joint application) at the Home Loan Date*
  • Owner-occupier – you must buy or build a home to live in (investment properties are not eligible)
  • Loan type – owner-occupier loan with Principal and Interest repayments from a Participating Lender, up to 30 years (plus up to 3 years to build a new home)
  • Applicant type 
    • First Home Guarantee / Regional First Home Buyer Guarantee: Individuals or buying with one partner, friend or family member
  • Minimum age – must be at least 18 years old

 

* The Home Loan Date is the date you sign your home loan agreement with your Participating Lender.

To find out the property price threshold of a suburb you a looking to buy in you can try the Housing Australia tool here.

Fact sheets and detailed eligibility criteria

For detailed eligibility criteria review the Home Guarantee Scheme Fact Sheet or use the handy comparison table to determine which option you may be eligible for.

Information guides

There are no costs or repayments associated with the Guarantee. However, first home buyers are responsible for meeting all costs and repayments for the home loan associated with the guarantee.

Eligible property types

Eligible Housing types

For single parents or single legal guardians with at least one dependant the below Guarantee may apply to you:

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Family Home Guarantee

Saving to purchase a family home can be a challenging task, especially when you are a single parent or single legal guardian.

The Family Home Guarantee is part of the Home Guarantee Scheme, an Australian Government initiative that helps home buyers to buy a home sooner. The Family Home Guarantee supports single parents or single legal guardians of one or more dependent children, to buy a home sooner. They need to have saved a minimum deposit of 2% of the Property Value and meet other eligibility criteria. For the 2025/2026 financial year, 5,000 places are available for the Family Home Guarantee.  

Applicants can have previously owned a home and still be eligible provided they no longer have an invested interest in the property.

Find out more

To help you work out which Guarantee you may be eligible for, try the Eligibility Tool at the Housing Australia website.

The information provided on this page is general in nature and does not constitute financial or legal advice. Eligibility for government grants and schemes may vary based on individual circumstances and location.  Home Guarantee Scheme eligibility criteria apply. We recommend visiting the official government websites listed to verify your eligibility and obtain the most up-to-date details.