Home Guarantee Scheme Reopens Doors to First Home Buyers

Good news for Aussies ready to step onto the property ladder: the Government has just expanded the First Home Guarantee Scheme (formerly known as the First Home Loan Deposit Scheme). 

These changes make it easier than ever for first home buyers to secure a place of their own. With the latest updates, more Australians can now buy with as little as a 5% deposit scheme, no longer held back by strict income caps or narrow property restrictions.

For anyone dreaming of a brand-new home — and especially those exploring Eden Brae’s house and land packages — this change is a real game-changer. Whether you’re a young couple, a growing family or even a single applicant, the Scheme’s broader eligibility means the dream of owning a modern, spacious home is closer than you might think.

Unlimited Places, No Income Caps and Higher Property Price Limits Take Effect October 2025

The changes to the First Home Guarantee Scheme mark its biggest upgrade yet, making it easier for NSW first home buyers to step into the market. Here’s a quick snapshot of the new rules:
(Policy applies nationwide; figures below are NSW-specific)

Why this matters for Eden Brae buyers

• More choice, less pressure – Unlimited places mean no rush to ‘beat the quota’.
• Greater accessibility – No income cap opens the door for professionals and dual-income families previously excluded.
• Bigger buying power – The $1.5M Sydney price cap comfortably covers most Eden Brae house and land packages, opening up a wider range of premium designs and locations for first home buyers.

With these changes, the path to home ownership has never looked brighter. If you’ve been waiting for the right time to buy, the expanded First Home Guarantee Scheme removes some of the biggest barriers — giving you more choice, more confidence and more room to find a home that truly fits your lifestyle. At Eden Brae, our house and land packages are designed to make the most of this opportunity, combining modern designs with fantastic locations across NSW. It’s the perfect time to explore your options and take that exciting first step into your new home.
 

How You Can Buy Sooner with Just a 5% Deposit

One of the biggest hurdles for first home buyers is saving a 20% deposit. Under the expanded Scheme, the Government steps in as your guarantor — covering up to 15% of the loan. This means you can buy with just a 5% deposit scheme, while avoiding costly Lenders Mortgage Insurance (LMI).

To qualify, you’ll need to meet the First Home Guarantee Scheme eligibility rules:

• Be a first-time home buyer (or haven’t owned a property in the last 10 years)
• Purchase a property you’ll live in (not an investment)
• Be an Australian citizen or permanent resident
   

A Game-Changer for First Home Buyers

The expanded Scheme is a major win for first home buyers, especially in high-demand markets like Sydney, where property prices can feel out of reach. With higher price caps and no income restrictions, buyers now have the chance to consider suburbs and homes that were previously out of reach.

And because the old ‘lottery-style’ quotas have been scrapped, there’s no longer a rush to compete for limited places. You can plan your purchase with confidence, knowing your spot is secure.

Why act now? Market forecasts suggest demand is likely to rise quickly as more buyers take advantage of these new rules. Acting early could mean securing your ideal house and land package before price growth accelerates.
 

A First Buyer’s Journey Under the Scheme

Meet Sarah, a first-time buyer in Sydney, who’s had her eye on a brand-new Eden Brae home priced at $1 million. Before October 2025, she would have needed a hefty $200,000 deposit (20%) to avoid Lenders Mortgage Insurance (LMI) — a near-impossible challenge while paying rent.

Under the expanded First Home Guarantee Scheme, Sarah only needs a $50,000 deposit (5%). The Government guarantees the other 15%, meaning she can skip LMI altogether — a saving of around $40,000 on a $1M home loan.

For Sarah, this means she can:

• Buy sooner without spending years saving the extra 15% deposit.
• Build a home she loves in a Sydney suburb that once felt out of reach.
• Enjoy peace of mind knowing the Scheme removes quota limits and income caps.

It’s a practical example of how the 5% deposit scheme transforms the dream of home ownership into a real, achievable plan.
 

Take Advantage of the Scheme Before Demand Pushes Prices Higher

With the expanded First Home Guarantee Scheme, there’s never been a better time to build your first home. But as demand rises, property prices are expected to follow, making it smart to act now while the benefits are at their peak.

At Eden Brae, we make the process seamless with turnkey, single-contract house and land packages that align beautifully with the Scheme. Our buyers enjoy:

• Fixed-price simplicity – know exactly what you’ll pay, with no hidden surprises.
• Quick settlement – get into your new home sooner.
• Beautiful, move-in ready homes – modern designs tailored for real lifestyles.
• Minimal deposit entry – take full advantage of the Scheme’s 5% deposit opportunity.

And you’re never on your own. Our team can walk you through eligibility checks, financing options and the application process, so you can move forward with confidence. With Eden Brae, your first home isn’t just a dream — it’s an exciting reality waiting to happen.