The Federal Government has announced that the expanded 5% deposit Home Guarantee Scheme will now start on 1 October 2025 - three months earlier than planned. This means no income caps, no limit on places, and higher property price caps across the country.
But what does this mean for you as a buyer? And could this actually fuel house price growth just as the spring property market ramps up?
In this episode, Evelyn breaks down:
✅ The exact changes from October 1 (price caps, unlimited places, 5% deposit, no LMI).
✅ How this could impact house prices in the short vs the long term.
✅ An action plan for First Home Buyers to be “Oct-1 ready.”
✅ Myths and risks you must understand before diving in.
This is your need-to-know guide to getting ahead of the rush.
🔗 Resources & Links
Government announcement (ABC): Click here
Housing Australia – new price caps by state: Click here
PBO costing on expanded scheme: Click here
Discovery Call with Everlend (20 mins): Book here
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Disclaimer: This episode provides general information only. It does not take into account your personal objectives, financial situation, or needs. Always seek personalised advice from a qualified mortgage broker, financial advise, or tax professional before acting.
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You Have My Interest provides information and educational content relating to mortgages, finance and property. You Have My Interest's content is general in nature and does not take into account the individual financial, legal or tax needs or objectives of its audience members.
It is not intended as a substitute for professional advice. Listeners should seek out a licensed professional to discuss their individual financial, legal, and tax requirements.
If you need mortgage or finance advice tailored to your own personal situation, contact Everlend today for a free consultation. Everlend are authorised credit representative of Loan Market Pty Ltd, Australian Credit Licence number 390222
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