As of 1 October 2025, the Government expanded Home Guarantee Scheme is officially in effect, making it easier than ever for Australians to step onto the property ladder.
The scheme helps buyers enter the market with as little as a 5% deposit while avoiding costly Lenders Mortgage Insurance (LMI). These changes are already opening up opportunities for more West Australians to achieve home ownership sooner.
What’s New?
Why This Matters for Perth Buyers
Saving a deposit for a home in Perth has long been a major hurdle. The expanded scheme makes it possible to:
For example:
A first home buyer purchasing an $850,000 Perth home now needs only a $42,500 deposit.
Without the scheme, a typical buyer putting down 5% would face LMI costs of around $32,000–$40,000. By using the Home Guarantee Scheme, that cost is avoided entirely, meaning more of your money goes straight into your own home rather than insurance.
With these changes, first home buyers in Perth have a real chance to achieve their dream of owning a home faster and with less financial pressure.
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The Family Home Guarantee, was originally designed to help single parents get into or back onto the property market, but now, the scheme will include eligible borrowers who are single legal guardians, such as aunts, uncles, and grandparents. This expansion recognises different family structures and offers more options for legal guardians to enter the housing market.
The Scheme benefits include;
Permanent residents, can now also avail of the Family Home Guarantee. This expansion of eligibility brings hope to those who have longed to own a home but previously could not access the scheme.
These changes aim to make the road to home ownership more accessible and manageable for those facing financial constraints. We are excited to witness more Australians achieving their dreams of owning their own home.
