We sat down with Josh, expert mortgage broker and founder of Ezi Home Loans, to unpack the latest changes to the First Home Guarantee scheme – and what it means for you.

From October 1, 2025, the Federal Government is removing limits on the number of First Home Guarantee and Regional First Home Buyer Guarantee places,  and increasing the maximum property price caps in key areas.

This is big news for first-time buyers who’ve been locked out by strict price thresholds or missed out on capped spots in previous years.

So, what’s changing?

Unlimited places: No more rush-to-apply panic. The program is open-ended from October 1, which means more buyers can now take advantage.
 

Higher purchase caps: The maximum property price thresholds are going up across metro and regional areas. That means more options, especially in hot markets where the old cap just didn’t cut it.

Josh explains:

“We’ve been watching clients scrape into the scheme by a few thousand dollars, or miss out entirely because they couldn’t find anything under the cap. This change is a total game-changer.”

The scheme still offers as little as 5% deposit without needing LMI (Lenders Mortgage Insurance)  a huge help when trying to get your foot in the door.

But, as Josh notes, just because the cap has changed doesn’t mean your personal borrowing capacity has.

“We always recommend buyers speak with a broker early — not just to understand their budget, but to plan around things like rising interest rates, lifestyle needs, and any future changes in income.”

And if you need legal guidance on contracts, conveyancing, or protecting your interests in a property transaction, get in touch with the team at Reid Legal.