First Home Owner Guarantee

First Home Guarantee — Helping First Home Buyers in Australia

At Bharat Finance, we make buying your first home easier with the
First Home Guarantee. From 1 October 2025, you can buy
with just a 5% deposit — no income caps, no place limits, and higher property price caps.

What is the First Home Guarantee?

The First Home Guarantee (FHBG) allows eligible first-time buyers to purchase a property
with as little as 5% deposit — and without paying Lender’s Mortgage Insurance (LMI).
Instead of saving a full 20% deposit, the Government guarantees up to 15% of your loan.
This reduces your upfront costs and can save you tens of thousands of dollars.

Property Price Caps (From 1 October 2025)

State / Territory

Major / Capital City & Regional Centres

Other Areas / Regional / Remote

New South Wales (NSW)

$1,500,000 

$800,000 

Victoria (VIC)

$950,000 

$650,000 

Queensland (QLD)

$1,000,000 

$700,000 

Western Australia (WA)

$850,000 

$600,000 

South Australia (SA)

$900,000 

$500,000 

Tasmania (TAS)

$700,000 

$550,000 

Australian Capital Territory (ACT)

$1,000,000 

— (ACT mostly treated as urban)

Northern Territory (NT)

$600,000 

$600,000 

Who Can Apply?

  • Be 18 years or older
  • Be a first home buyer, or not have owned property in the past 10 years
  • Be an Australian citizen or permanent resident
  • Intend to live in the property
  • Have at least 5% deposit saved

Example Scenarios in NSW

Sydney Buyer

Priya is purchasing a two-bedroom apartment in Parramatta for $950,000.
With a 5% deposit of $47,500, she qualifies for the FHBG and avoids paying over $35,000 in LMI.

Regional Buyer

Daniel is buying a home in Orange for $720,000. His 5% deposit is $36,000.
The property is under the $800,000 regional cap, so he also qualifies for the scheme.

What Types of Properties Are Eligible?

  • Existing houses and apartments
  • Newly built homes
  • Off-the-plan purchases
  • Townhouses and units
  • House & land packages

How Bharat Finance Helps You

  1. Check eligibility — We confirm if you qualify.
  2. Compare lenders — We access multiple banks & lenders.
  3. Secure pre-approval — Know how much you can borrow.
  4. Application support — We prepare and lodge your application.
  5. Settlement assistance — We ensure everything runs smoothly.

Get Started Today

Buying your first home doesn’t have to feel impossible. With the First Home Guarantee,
you could be moving in sooner — and with Bharat Finance by your side, the process will be
clear, simple, and stress-free.


Book a Free Consultation