Whether you’re working out how much deposit you need, what lenders will accept, or how government support works, we’re here to guide you every step of the way.
Traditionally, you needed a 20% deposit to avoid paying Lenders Mortgage Insurance (LMI). For many, that’s been the biggest barrier.
The First Home Guarantee, part of the Home Guarantee Scheme, helps eligible first home buyers purchase with just a 5% deposit and avoid LMI. Because the government provides a guarantee on part of the loan, lenders are more comfortable approving applications without the extra insurance cost. You’ll still need to cover standard costs such as interest, fees, and stamp duty, and your loan will still need to meet the lender’s normal criteria.
From 1 October 2025, the First Home Guarantee has been expanded to make it easier to access:
Unlimited places, so more buyers can take part without missing out
Income caps removed, so higher earners can also qualify
Property price caps increased to reflect today’s market, with Brisbane and other capital city limits raised to $1,000,000
Simpler access for regional buyers, with previous separate guarantees rolled into one
These updates mean more people across Brisbane and throughout Queensland can now use the scheme.
To be eligible you must:
Be an Australian citizen or permanent resident aged 18 or over
Not have owned property in Australia within the last 10 years
Intend to live in the property as your home, not an investment
Have at least 5% deposit saved plus costs
Choose a property within the price cap for your area
Meet your lender’s standard credit and loan requirements
Not all lenders participate in the scheme, and every lender has slightly different criteria. That’s where we come in.
We’ll check if you qualify under the current rules, compare participating lenders, and guide you through the application so your guarantee place is secured with your loan. We’ll also help you understand your borrowing power, calculate stamp duty and other fees, and keep you informed about any ongoing requirements. We will support you beyond settlement with regular loan reviews.
