Key Date: When You Reserve Matters
From 1 October 2025, the Government will expand the Home Guarantee Scheme. But here’s the important part: your eligibility depends on when you reserve your place in the scheme—not when you sign a contract.
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If you reserve before 1 October 2025, your application is assessed under the current rules.
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If you reserve on or after 1 October 2025, your application will be assessed under the new rules.
This means timing is critical. Reserving your place early could make all the difference.
What’s Changing in October 2025
The expansion includes:
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Income caps removed for applicants
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Property price caps increased
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No limit on the number of available places
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Regional First Home Buyer Guarantee discontinued for new applicants
What This Means for First Home Buyers
If you’re planning to buy, it’s important to understand how these changes affect you. Signing a contract before securing a place in the scheme can be risky. Always check your eligibility with a participating lender before moving forward.
Get Expert Guidance
The Home Guarantee Scheme is a big opportunity, but also complex. As a Mortgage Broker in Clayfield, Nundah, Hendra, and North Brisbane, I help buyers understand their options and avoid costly mistakes.
If you’re thinking about buying your first home, or want to know how these changes affect your plans, let’s talk.
** this information has been provided via an email from a Senior Liason – Home Guarantee Scheme – Housing Australia 05/09/25.
Information is provided as guide only, and people should always seek information and advice directly relavant to their needs and situation.