Regional First Home Buyer Guarantee

The Regional First Home Buyer Guarantee is an Australian Government scheme that helps regional customers buy a home in designated regional areas.

You can use the Regional First Home Buyer Guarantee to build a new home or buy an existing home with a deposit of as little as 5%. Only first home buyers who have lived in a regional area, or an adjacent regional area to where they are purchasing, for the preceding 12-month period (if applying as a joint application, then at least one applicant needs to meet this requirement) can apply. You can’t use the Regional Home Buyer Guarantee to buy an investment property.

To be eligible for the Regional First Home Buyer Guarantee, you must:

• be an Australian citizen, aged 18 years or over (permanent residents aren’t eligible)
• have lived in a regional area or adjacent regional area to where they are purchasing in for the preceding 12-month period to the date they execute the home loan agreement
• apply either as a single or joint applicant
• have earned $125,000 or less for singles or $200,000 or less for couples in the last financial year, as shown on the Notice of Assessment issued by the ATO
• not have owned a home previously (owner occupied or investment)
• have at least a 5% deposit to contribute towards your property purchase
• purchase a property in your current or adjacent regional area