5% Deposit Scheme—NOW LIVE October 1!
First-Time Home Buyers, This Is Huge!
Federal 5% Deposit Scheme—Rolled Out Early!
Good news: the Albanese Government has brought forward its landmark 5 % deposit guarantee scheme. Instead of kicking off in January 2026, it's now launching on 1 October 2025 giving first-home buyers in Sydney and across Australia a head start toward homeownership.
Here’s what this means for YOU:
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Get into your first home sooner—with as little as a 5 % deposit
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No more paying Lenders Mortgage Insurance (LMI) thanks to the government guarantee covering the rest
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Income caps have been removed, so nearly any eligible first-home buyer can benefit
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Higher property price caps, especially in high-cost markets like Sydney (up to $1.5 million) make the scheme even more powerful
Why this matters:
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Could slash years off deposit saving time
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Potentially save thousands on LMI
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Opens the housing market to a broader range of Australians