The Albanese government’s 5% deposit scheme has encouraged many Australian first-home buyers to enter the market.
Introduced in October 2025, the First Home Buyer Guarantee program allows eligible buyers to purchase a home with a 5% deposit, with the federal government guaranteeing the remaining 15%.
This means buyers avoid paying Lenders Mortgage Insurance (LMI), which can save buyers $10,000–$30,000 depending on the property, and can enter the market much sooner.
