A new chapter in Homeownership is coming – From 1 October 2025, the Australian Government has expanded the 5% Deposit Scheme for first home buyers – a powerful tool to help homebuyers enter the property market faster.
🚨 What’s New – Effective 1 October 2025
Housing Australia has confirmed these enhancements to the5% Deposit Scheme for First Home Buyers, starting from 1 October 2025:
- No more limits: There are now unlimited places for eligible buyers.
- Eliminated income caps – making the scheme inclusive for broader income groups
- Higher property price caps: Reflecting market realities, caps have increased to match higher median prices in many regions.
- Low deposit: minimum 5%(First Home buyers) or 2% (Single parents)
🏡 Property Price Caps from 1 October 2025:
| Location | New Cap | Find a Peet Community in this area  |
| VIC – capital city & regional centres | $950,000 | Cornerstone Werribee Ellery Wollert Elmslie Common, Cranbourne East Keysborough Townhouses Lightwood Tarneit Millers Row, South Morang Newhaven Tarneit |
| QLD – capital city & regional centres | $1,000,000 | Eden’s Crossing, Redbank Plains Flagstone Lily Rochedale Little Eagle Nudgee Riverbank, Caboolture South Vantage Gladstone Village Green Palmview |
| WA – capital city | $850,000 | Brabham Estate Burns Beach Elavale Eglinton Glendalough Green Golden Bay Lakelands Estate Shorehaven Alkimos The Avenue Hilbert Yanchep Golf Estate   |
| SA – capital city | $900,000 | Bluestone Mt Barker Forestville Fort Largs Tonsley Village |
For all other areas, refer to the Housing Australia website for price cap tables and postcode search tool.
More questions about the Australian Government 5% Deposit Scheme?
Refer to the FAQs and Key Terms on the Housing Australia website.
For 130 years, Peet has been creating connected, liveable places built for today and future proofed for tomorrow. We have masterplanned communities, townhouses, and apartments all across the country and we welcome this update to the First Home Guarantee Scheme to allow for the home ownership dream to become a reality for more people.
* Eligibility criteria applies. Visit www.housingaustralia.gov.au/home-guarantee-scheme for more information.
All content provided within this webpage is for information purposes only. While Peet endeavours to ensure all information is current and correct, Peet makes no representation or warranty as to its currency or accuracy. It is recommended that you obtain your own independent advice before taking any action, including before making any commitment of a legal or financial nature or making any application for a financial product or service. Peet makes no representation as to whether a particular financial product or service is suitable to you or you will be successful in obtaining a financial product or service or purchasing a house and/or land.
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