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LOW DEPOSIT. YOUR WAY IN.

Meet with your First Home Buyer Coach

AUSTRALIAN GOVERNMENT 5% DEPOSIT SCHEME

The Australian Government 5% Deposit Scheme makes home ownership more achievable by helping you buy sooner with a smaller deposit, with a Government guarantee. If you qualify, you could buy a home with as little as 5% and no Lenders Mortgage Insurance (2% for single parents or legal guardians). And the best part is you’ll still get access to an interest rate normally reserved for those with a 20% deposit.

First Home Buyers

Minimum 5% deposit

Single Parents or Legal Guardians

Minimum 2% deposit

IS IT FOR YOU?

Check your eligibility on the Australian Government website

First Home Buyers

If you’re a first home buyer, you may be eligible for a 5% deposit if:

Australian citizen or permanent resident, at least 18 years old.

Saved a minimum deposit of 5%

A first home buyer or have not owned a property or land in Australia in the last 10 years.

Buying a home in Australia priced at or below the location’s price cap.

Planning to live in the home as an owner-occupier (no investment properties).

Applying on your own or jointly with one other person.

Applying for an owner-occupier home loan with Principal and Interest repayments, up to 30 years (plus up to three years to build a new home)

Single parents or legal guardians

Check your eligibility on the Australian Government website

If you’re a single parent or legal guardian, you may be eligible for a 2% deposit if:

Australian citizen or permanent resident, at least 18 years old.

Saved a minimum deposit of 2%

Single parent or single legal guardian of one or more dependent children.

Not have any other property interest once your new home settles.

Buying a home in Australia priced at or below the location’s price cap.

Planning to live in the home as an owner-occupier (no investment properties).

Applying for an owner-occupier home loan with Principal and Interest repayments, up to 30 years (plus up to three years to build a new home)

Applying on your own (no joint applications)

KNOW THE PRICE CAPS

The scheme includes property price caps, which vary depending on where you’re buying. These caps help keep the scheme focused on homes for owner-occupiers. The limits are set by the Australian Government and can change.

Check current property price caps for your area

LOOKING FOR MORE INFORMATION?

AUSTRALIAN GOVERNMENT 5% DEPOSIT SCHEME FACT SHEET

AUSTRALIAN GOVERNMENT FIRST HOME BUYER INFORMATION GUIDE

AUSTRALIAN GOVERNMENT SINGLE PARENT INFORMATION GUIDE

5% DEPOSIT SCHEME HOME BUYER DECLARATION FORM

WANT HELP FIGURING IT ALL OUT

Government schemes can feel confusing. They don’t have to be.

Our First Home Buyer Coaches will:

  • Explain how the 5% Deposit Scheme works
  • Help you understand your interest rate and loan options
  • Guide you from first question to front door

No pressure. No jargon. Just clear next steps.

Meet with your First Home Buyer Coach

Book a time with one of our First Home Buyer Coaches. We’ll break it all down, answer your questions, and help you figure out your next steps.

Let's book it in

Start online, then we’ll coach you through it

Getting started only takes 10 minutes. If you have questions or get stuck, we’re just a phone call away.

Apply online

Things you should know

Rates, fees and charges and other information correct as at 17 February 2026 and may change without notice.

Terms, conditions, fees, charges and lending criteria apply.

Please read the Product Disclosure Statement and Fees & Charges and consider whether this product is right for you. Also available in branch or at 1300 004 863.

To view the Target Market Determination for this product, go to Target Market Determinations.

Download a copy of our Owner occupier home loan rates and/or our Investor home loan rates.

Access our Home Loan Key Facts Sheet. Download our Application Checklist to help make the application process as smooth as possible.

Australian Government 5% Deposit Scheme eligibility criteria apply.