First home buyer? Don't miss out.

If you’re a first home buyer, you’ve just been handed the golden ticket (but with a ticking clock attached). Major changes are coming to the First Home Guarantee Scheme on 1 October, 2025, and waiting around could mean missing the express train to home ownership. Here’s the lowdown on why acting now is less risky than your uncle’s investment tips:

1. Income Limits Get the Boot

High earners, your time to shine is coming. Forget worrying about earning “too much”, from January there’s no income cap on eligibility. Whether you’re on a steady $150K or playing in the $500K league, that coveted 5% deposit, LMI-free loan, and access to sharp rates are all on the table.

2. Price Caps Get a boost

Goodbye, cookie-cutter starter homes. The scheme is trading up (think more family-sized, less cramped shoebox). In Brisbane, the cap leaps from $700K to a cool $1 million, and in Sydney, it’s a blockbuster $1.5 million Australian Financial Review. Translation: you can aim for a home you actually want to spend weekends in.

3. Borrowing Power Gears Up

With interest rates loosening their grip and whispers of more cuts, your borrowing power could spike by 15% (or more) over the next 12 months ABC News. In other words, “dream home” isn’t just a Pinterest board, if you get your ducks in a row.

4. The Market’s Warming Up

A combination of pent-up demand and greater affordability could whip up some real estate frenzy. Analysts reckon up to 80,000 first buyers will pile into the market in 2026 The Guardian. Wait too long, and you may be elbowing through crowds at the same open homes.

What Should You Actually Do?

- Get your pre-approval sorted, ideally before everyone else wakes up to the news  Moneysmart.

- Cast your net wider, those Plan B and C suburbs could deliver hidden gems and less street-fighting over contracts (reach out if you want suburb or property profiles).

Australia hasn’t seen a boost for first home buyers like this in decades. No 15–20% savings marathon required, and you sidestep LMI costs that can easily top $20,000 The game has changed. Get prepared now, and you’ll be surfing the wave of opportunity instead of paddling out behind the crowd.

For tailored advice and seamless finance solutions, contact us on 1300 001 397 or book a consultation.