Episode 10: Unlocking the First Home Guarantee Scheme: Buy with a 5% Deposit

Saving for a deposit can be one of the biggest challenges of buying your first home. The First Home Guarantee Scheme helps by making it possible with as little as 5%.

In this episode, Jack Elliott and Chris Bates break down how the scheme works, who’s eligible, and the key benefits and trade-offs to be aware of. They also cover the Family Home Guarantee, giving you a full picture of the options available.

You’ll learn about property price caps, income limits, and the important changes coming in October 2025.

This scheme is one of the strongest pathways available for first home buyers. We’ll show you how it works and how it could help you step into your home sooner.

In this episode:

🔑 How the First Home Guarantee works

🔑 Who’s eligible and what types of properties qualify

🔑 The Family Home Guarantee explained

🔑 Property price caps, income limits, and the October 2025 changes

🔑 The benefits, risks, and how to decide if this scheme is right for you