Exciting news for first home buyers! Starting October 1, 2025, the First Home Guarantee scheme will undergo significant changes designed to make buying your first home more accessible than ever before. These updates will open the door to more Australians by removing long-standing restrictions, increasing flexibility, and offering greater financial relief.
Key Changes to the First Home Guarantee:
Here’s what you need to know about the new rules:
- No Income Limits
Previously, the scheme was only available to buyers under strict income caps. From October 1, those limits will be completely removed. This means first home buyers with higher incomes, who may have been excluded in the past, can now take advantage of the scheme.
- Higher Property Price Caps
With house prices rising across Australia, the government has increased the property price caps. This change ensures buyers can purchase homes in line with today’s market conditions.
What This Means for First Home Buyers
These changes could be game-changing for many Australians entering the property market:
-
Buy with just a 5% deposit – making home ownership possible sooner.
-
Save on Lenders’ Mortgage Insurance (LMI) – potentially saving tens of thousands of dollars upfront.
-
Wider access to the scheme – no matter your income, more people will now qualify.
-
Buy in more areas – thanks to the higher property price caps.
How Rise High Can Help
At Rise High, we specialise in helping first home buyers navigate the ever-changing landscape of government schemes, lending policies, and property opportunities. Our award-winning team can guide you through the application process, ensure you maximise the benefits of the First Home Guarantee, and help you secure the home of your dreams with confidence!
If you’d like to know how these changes apply to your situation, or you’re ready to explore your home loan options, reach out to our team today!
