Support to buy a home

The Home Guarantee Scheme (HGS or Scheme) is an Australian Government initiative to support eligible home buyers purchase a home sooner. The Scheme is administered by the National Housing Finance and Investment Corporation (NHFIC) on behalf of the Australian Government. 

The HGS includes: 

• The First Home Guarantee (FHBG) – to support eligible first home buyers to buy their first home sooner, with a deposit as little as 5%. 
• The Family Home Guarantee (FHG) – to support eligible single parents with at least one dependent child to buy a home, with a deposit as little as 2%. 

The New Home Guarantee (NHG) is no longer available for new applications from 1 July 2022. An NHG place reserved on, or before 30 June 2022, will still be able to progress to settlement, subject to meeting eligibility criteria and NHG requirements and timelines.

First Home Guarantee (FHBG) - from 1 July 2022, 35,000 places are available each financial year to eligible first home buyers  

Family Home Guarantee (FHG) - from 1 July 2022 to 30 June 2025, 5,000 places are available each financial year to eligible single parents with at least one dependent child. 

Maximum purchase prices (property price caps) are applicable for eligible properties purchased under the Scheme. 

Price caps vary according to the financial year in which a Guarantee place was reserved, and where the property is located (in a capital city, large regional centre or regional area).    

Use the postcode search tool to look up the property price caps for each location and view a summary table of the property price caps for more information.  

The following tools and resources are available to support home buyers:  

The comparison table provides a brief overview of the key differences between the First Home Guarantee (FHBG) and Family Home Guarantee (FHG).  

The eligibility checker is a short questionnaire to assist home buyers to identify which Guarantee may be applicable.

View the relevant property price caps for each location.  

For more information, read the Frequently Asked Questions, Information Guides or Fact Sheets available in the document library.  

To apply, or for questions about an existing application, contact a Participating Lender.   

NHFIC does not accept applications for the Scheme or provide personal financial advice.   

Applications for Guarantees available under the HGS can only be made with a Participating Lender or their authorised representative (a mortgage broker).  Home buyers (and those advising them) should consider consulting with a Participating Lender, and seeking independent financial and legal advice about whether a particular home loan or property, and the terms of the HGS suit personal circumstances and objectives. 

Before entering into a home loan agreement, home buyers should consider talking with their lender (or broker) about the potential implications of changing interest rates or house prices on individual circumstances. 

For more information about the FHBG and FHG and to view Participating Lenders for each Guarantee visit:  

• First Home Guarantee – How to apply  
• Family Home Guarantee – How to apply