View the table below for a brief overview of the key differences between the three Schemes.
Please note that this table is provided as a guide only and does not mean that you will receive either a guarantee or a loan from a Participating Lender.
View an overview of the property price caps applicable for eligible properties purchased under the First Home Loan Deposit Scheme, New Home Guarantee or Family Home Guarantee.
First Home Loan Deposit Scheme | New Home Guarantee | Family Home Guarantee | |
Minimum deposit | 5% | 5% | 2% |
Property type | New and existing homes 1 |
Building or purchasing new homes |
New and existing homes 1 |
Number of places |
10,000 places from 1 July 2021 to 30 June 2022 |
10,000 places from 1 July 2021 to 30 June 2022 |
10,000 places from 1 July 2021 to 30 June 2025 |
Borrower eligibility |
Single and couple2 applicants | Single and couple2 applicants | Single parent with at least one dependent child |
Purchasing history | Must be first home buyers |
Must be first home buyers |
First home buyers or previous home owners3 |