The Regional First Home Buyer Guarantee (RFHBG) is part of the Home Guarantee Scheme (HGS), an Australian Government initiative to support eligible first home buyers purchase a home sooner. It is administered by the National Housing Finance and Investment Corporation (NHFIC) on behalf of the Australian Government.
The RFHBG aims to support eligible regional first home buyers to purchase a home in a regional area. From 1 October 2022 – 30 June 2023, 10,000 RFHBG places are available to eligible regional first home buyers.
Under the RFHBG, part of an eligible regional first home buyer’s home loan from a Participating Lender is guaranteed by NHFIC. This enables an eligible home buyer to purchase a home with as little as 5% deposit without paying Lenders Mortgage Insurance.
Any Guarantee of a home loan is for up to a maximum amount of 15% of the value of the property (as assessed by the Participating lender). This Guarantee is not a cash payment or a deposit for a home loan.
To apply for the RFHBG, home buyers must be:
* Australian Defence Force member applicants may be eligible for a partial exemption and should check with their Participating Lender if this applies.
Access the Eligibility Tool – a short questionnaire to help home buyers identify which Guarantee/s they may be eligible for.
Contact a Participating Lender for more information, including the full list of eligibility criteria.
A regional area is defined as:
The greater capital city areas of each state and the Northern Territory; and the entire Australian Capital Territory are excluded from the RFHBG. Home buyers in these areas may be eligible for the First Home Guarantee or Family Home Guarantee.
Access the Regional Checker – allows home buyers to enter the suburb (or postcode) of their current home and the suburb (or postcode) they would like to purchase in, so they can confirm if they would be eligible for the RFHBG.
Contact a Participating Lender for more information, including which regional areas you may be able to purchase in.
Under the RFHBG, home buyers can purchase a residential property, including:
Use the Property Price Cap Tool to look up the property price caps for each location.
Specific timeframes and criteria apply to the different property types. The contract of sale and (if applicable) eligible building contract may have to be executed by specific dates.
Contact a Participating Lender for more information, including the full list of property criteria.
Learn more about the RFBHG
Read the information guide for more details about the RFHBG
Tools and resources to assist home buyers
Find the answers to common questions