Advertisement
On 1 October 2025, the Albanese government launched its expanded 5% deposit scheme for first home buyers, with:
- Unlimited places for first‑home buyers
- No income caps
- Higher property price caps
- No Lenders Mortgage Insurance (LMI)
Prior to expansion, the government reported that more than 185,000 Australians had been supported into home ownership through earlier versions of the scheme (i.e., before 1 October 2025).
The full text of this article is available to MacroBusiness subscribers
Cancel at any time through our billing provider, Stripe
About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.