The New First Home Guarantee Scheme: Applications open in 2 weeks

With unlimited places, no income limits and increased property price caps, it will be more accessible than ever for first home buyers to get into the market.

If you’ve been dreaming about buying your first home, now might be the time to move. From October 1, 2025, the brand-new First Home Guarantee Scheme kicks off — and it’s a game-changer.

What’s different this time? Unlike past schemes that capped numbers and imposed strict limits, this one is designed to open doors wider than ever before. Here’s what you need to know:

• Unlimited places – no waiting lists, no rushing to get in before the cap is reached. If you’re eligible, you’re in.

• No income limits – whether you’re on a modest wage or a higher salary, you can still take advantage of the scheme.

• Increased property price caps – giving you more choice and flexibility to buy a home in the area you actually want to live.

  
  

First Home Guarantee Scheme – Capital City Price Caps

State / Territory	Old Price Cap	New Price Cap (from 1 Oct 2025)
New South Wales (Sydney)	$900,000	$1,500,000
Victoria (Melbourne)	$800,000	$950,000
Queensland (Brisbane)	$700,000	$1,000,000
Western Australia (Perth)	$600,000	$850,000
South Australia (Adelaide)	$600,000	$900,000
Tasmania (Hobart)	$600,000	$700,000
Australian Capital Territory (Canberra)	$750,000	$1,000,000
Northern Territory (Darwin)	$600,000	$600,000 (unchanged)

This is more than just another government program — it’s an opportunity to get into the market sooner, without the usual barriers. For many first home buyers, the scheme could mean avoiding years of saving for a deposit, or finally being able to consider properties that were previously out of reach.

With the October 1 launch date fast approaching, now’s the time to explore your options, get your finances in order, and be ready to make the most of this unprecedented support. Call Etairos Finance. We're Friendly, Knowledgable and we Want to Help