Support to buy a home

The Australian Government supports eligible home buyers to purchase a home sooner.

NHFIC administers these three Schemes on behalf of the Australian Government:

• First Home Loan Deposit Scheme supports you to buy your first home sooner, with a deposit of as little as 5%.
• New Home Guarantee supports you to build or buy a new home, with higher property price caps available in selected areas.
• Family Home Guarantee aims to support eligible single parents with at least one dependent child in purchasing a family home, with a deposit of as little as 2%.

Eligibility criteria apply for each Scheme, please contact a Participating Lender for more information.

Update: The Australian Government has provided an update on 2022-23 Scheme places on 28 March 2022. We note the announced changes are subject to legislation, and will provide more information as soon as we can. Read the update here 

10,000 First Home Loan Deposit Scheme places are available to eligible first home buyers from 1 July 2021 to 30 June 2022.

The New Home Guarantee has 10,000 places available from 1 July 2021 to 30 June 2022.

10,000 Family Home Guarantees are available over four financial years from 1 July 2021 to 30 June 2025.

Scheme places are still available for 2021-22 - please see information about waitlists and our Participating Lenders in our FAQs.

Use the postcode search tool to look up the property price caps for your location. 

V​iew a summary table of the property price caps for all three Schemes, organised by region.

View the comparison table for a brief overview of the key differences between the three Schemes. 

If you aren’t sure which Scheme could apply to you, answer a few questions and we’ll point you in the right direction.

Read the fact sheets for all three Schemes in our document library.

All applications for any of the Schemes to support you to buy a home need to be made directly with one of the Participating Lenders (or their authorised representatives, i.e. a mortgage broker) for that Scheme.

NHFIC does not accept applications directly and we cannot provide personal financial advice.

If you are looking to buy a home (or advising someone who is) we encourage you to consult with a Participating Lender and seek your own independent financial and legal advice on how to structure your loan arrangements in a way that suits your own personal circumstances.

To find out which of our Participating Lenders offer the particular Scheme you are interested in, view the Scheme's webpage:

• First Home Loan Deposit Scheme - How to apply
• New Home Guarantee - How to apply
• Family Home Guarantee - How to apply