Mo Money #468 New First Home Schemes – What You Need to Know in 2025
Sep 18, 2025
The podcast dives into the upcoming first home buyer schemes launching in October, addressing affordability issues for younger buyers. It breaks down the new 5% deposit guarantee and wider eligibility, including siblings and permanent residents. The discussion also touches on the innovative Help to Buy co-ownership model, highlighting the government-buy mechanics and potential market impacts. Listeners are encouraged to crunch numbers and seek advice to make informed decisions in the evolving property landscape.
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Schemes Expand Access From October
- The new first home buyer schemes start on 1 October and expand access significantly.
- They aim to reduce the time it takes to get into property amid rising prices.
Use 5% Deposit Guarantee Carefully
- Use the First Home Guarantee to buy with a 5% deposit and avoid lender's mortgage insurance.
- Run the numbers and plan for higher mortgage repayments if you borrow more than 80% LVR.
No Caps Increase Competition
- Removing income and place limits vastly increases eligible buyers and scheme uptake.
- That expansion is likely to raise competition and push some prices upward in targeted bands.