Home Guarantee Scheme

All applicants can be First Home Buyers or must not have owned or had an interest in residential property (whether as an investment or owner occupied) in the past 10 years. Customers applying for the Family Home Guarantee may have owned property in the past, but they must not have an interest in residential property, either as an investor or owner occupier when settling on their new property

Individual applicants must have earned less than $125,000 or $200,000 for couples in the last financial year (as evidenced on your ATO Notice of Assessment).

All applicants must be at least 18 years of age and have a valid Medicare card (or Defence ID).

All applicants must be Australian citizens or Permanent Residents with either a valid Australian passport, proof of Australian citizenship or proof of Permanent Residency. 

Applicants must have a deposit of between 5% and 20% of the property’s value.

Your purchased property must be an acceptable property type and within the property price threshold for the suburb and postcode. You can check the property price cap for your area on Housing Australia website, opens in new window.