Regional and Family Home Guarantees: What You Need to Know

Housing affordability varies widely across Australia, and regional areas often offer cheaper entry points. The Regional First Home Buyer Guarantee targets buyers purchasing in a regional town or small city. The government guarantees up to 15 % of the property’s value, allowing eligible buyers to use a 5 % deposit and avoid LMI fundd.com.au.

Key points:

• Applicants must intend to live in the regional area and not have owned a home in the past 10 years.

• Places are limited to 10,000 nationwide for 2024–25, so speak to a broker early to secure a spot.

• Property price caps vary by region; your broker can check the current cap for your area.

  
  

For single parents, the Family Home Guarantee offers support with only a 2 % deposit. Up to 5,000 places are available and the borrower must be a single parent or legal guardian of at least one dependent fundd.com.au. The scheme can be used for both new and existing homes.

Why a broker helps

Applications for these schemes fill quickly. A broker knows the documentation required and can lodge your application as soon as places open. They’ll also ensure the loan meets the scheme’s criteria (e.g. principal‑and‑interest repayments and owner‑occupier status).