Home Guarantee Scheme

A federal government program administered by Housing Australia under which the government guarantees part of an eligible buyer's loan, allowing a purchase with a small deposit and no Lenders Mortgage Insurance. The scheme was expanded in 2025: income caps and the annual limit on places were removed, while property price caps still apply and vary by location. Price caps and eligibility are reviewed periodically, so check the current figures at housingaustralia.gov.au.