First Home Guarantee Scheme

The First Home Guarantee is an Australian Government Guarantee that helps first home buyers buy a home sooner. You can use the guarantee to purchase your first new or existing home with a deposit of as little as 5%. You can't use the Guarantee to purchase an investment property. 

To apply for the First Home Guarantee, you'll be subject to the following eligibility criteria which include:

• All applicants must be First Home Buyers and must not have owned or had an interest in residential property (whether as an investment or owner-occupied). 

•  Individual applicants must have earned less than $125,000 or $200,000 for couples in the last financial year (as evidenced on your ATO Notice of Assessment). 

•  Couples must be married or in a de facto relationship. Other persons buying together, including friends, siblings or a parent/child are not eligible. 

•  All applicants must be at least 18 years of age and have a valid Medicare card (or Defence ID). 

•  All applicants must be Australian citizens with either a valid Australian passport or proof of Australian citizenship. Permanent residents are not eligible.

•  Applicants must have a deposit of between 5% and 20% of the property’s value.

•  Your purchased property must be an acceptable property type and within the property price threshold for the suburb and postcode. You can check the property price cap for your area on NHFIC’s website