Uncapped 5 per cent deposits available for first home buyers from today
From today, first home buyers can realise their dream of home ownership sooner with the launch of 5 per cent deposits for all first home buyers, delivered months ahead of schedule.
The Albanese Government’s expanded 5 per cent deposit scheme guarantees a portion of a buyer’s home loan, cutting years off the time it takes to save for a deposit and saving on Lenders Mortgage Insurance.
Already more than 185,000 Australians have been supported into home ownership through this scheme. Today’s expansion means more Australians will get the keys to their first home sooner.



