For Sale

Located 28 km from Melbourne CBD, Ellery offers easy access to transport, schools, retail, and recreational areas. With growing employment hubs in the northern corridor, working closer to home is becoming a reality. 

Find Your Ideal Lot

About

Ellery is a thoughtfully designed community where peaceful surrounds, convenient connections, and modern living come together in perfect harmony.

Discover Ellery

Lifestyle

Now is the perfect time to secure your future in thriving Wollert. Already within striking distance of Ellery are a wide range of schools and childcare, shopping centres, restaurants and cafes as well as sports grounds and nature reserves.

Explore the Lifestyle

Big Changes Ahead: What Victoria First Home Buyers Need to Know from October 2025

2 min

No News Category found.

Buying your first home in Victoria is about to get a whole lot easier. From 1 October 2025, the Australian Government is rolling out major updates to the Australian Government 5% Deposit Scheme, removing key restrictions and increasing support for first home buyers across the country – including right here in Victoria.

🏡 What Is the Australian Government 5% Deposit Scheme?

The Australian Government 5% Deposit Scheme helps eligible first home buyers purchase a property with as little as 5% deposit, without paying Lenders Mortgage Insurance (LMI). The government guarantees up to 15% of the property’s value, making home ownership more accessible.

🚨 What’s Changing from 1 October 2025?

The updates coming into effect are designed to make the scheme more inclusive and flexible:

  • Unlimited Places: No more caps on the number of applicants – if you’re eligible, you can apply.
  • No Income Limits: Higher-income earners can now access the scheme.
  • Higher Property Price Caps: VIC– Capital City: Up to $950,000.

đź’° Other Grants & Support Available in Victoria

VIC buyers can also take advantage of state-based grants to further reduce the cost of buying a home:

  • First Home Owner Grant (FHOG) * – A one-off payment of $10,000 for eligible buyers building a new home.
  • Stamp Duty Concessions * available

đź“‹ How to Apply

With expanded eligibility, higher property price caps, and multiple grants available, Victorian first home buyers are in a stronger position than ever to enter the market. These changes offer greater flexibility, reduced upfront costs, and more opportunity – so why not start exploring a Peet community today and take the first step toward building your dream home in a place designed for your future.

View available land and house and land packages at Ellery here.

* Eligibility criteria applies. Visit www.firsthomebuyers.gov.au/australian-government-5-percent-deposit-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