March 28, 2025 by Duane Mengel
The Aussie dream of owning your own home is getting a boost 💪 thanks to the Federal Government’s Help to Buy scheme – set to roll out in late 2025. If you’re struggling to save a deposit or watching house prices run away from you, this might be your ticket in 🎟️.
💡 What’s the Help to Buy Scheme?
The program is a shared equity scheme where the government chips in:
- ✅ Up to 40% for new homes
- ✅ Up to 30% for existing homes
This means smaller deposits, lower loan amounts, and reduced monthly repayments 🏦💰. For example, a $519k home loan could see repayments slashed by up to $1,200 per month!
👥 Who’s Eligible?
The 2025 revamp makes the scheme more accessible:
- 💵 Income caps raised:
- Singles: up to $100k
- Couples: up to $160k
- 🏡 Property price caps increased to match current market values:
- Sydney: up to $1.3M
- Brisbane: up to $1M
- Melbourne: up to $950k
These changes mean more Aussies qualify, and more properties are eligible. Big win 🥳.
🧾 How It Works
All you need is a 2% deposit. No, that’s not a typo ✌️. The government covers the rest of the equity portion, and you won’t pay rent on their share. You just repay the equity when you sell or over time – no stress, no strings.
🧱 More Than Just One Scheme
The government’s also backing your journey with:
- 🏘️ A commitment to build 1.2 million new homes over 5 years
- 👷 A $10k incentive for housing apprenticeships – helping get tradies on the tools faster
These changes are all about boosting housing supply, lowering costs, and giving buyers a genuine chance to enter the market.
🙌 Why This Matters for You
At Mortgage Choice Coffs Harbour, we’re here to guide first home buyers every step of the way. Programs like Help to Buy aren’t just government spin – they’re powerful tools that can get you into a home sooner and smarter.
Ready to chat about your options? 📞 Let’s make your homeownership dream a reality.
For more detailed information, you can refer to the following articles:
