Buy Your First Home with Just a 5% Deposit
Getting into your first place is now easier than ever. With government schemes and the right broker, you don't need to wait years to save a massive deposit.
The Big Update — More Aussies Can Buy With Less
From 1 October 2025, the First Home Guarantee is expanding. With just a 5% deposit, here's what changes:
- No income caps – anyone who meets criteria can apply.
- Unlimited places – no waiting lists.
- Higher property price caps – more choice in cities and regions.
Even with a small deposit, you've got choices
Explore the different ways to buy your first home with less upfront savings.
New 5% Deposit Scheme (Oct 2025)
No income caps, unlimited places, higher price caps.
First Home Guarantee
5% deposit, no LMI. Govt guarantees 15%.
Regional First Home Buyer Guarantee
Same deal for eligible regional buyers.
Family Home Guarantee
2% deposit for eligible single parents/guardians.
Guarantor Loans
Family property used as security to boost borrowing power.
Low-Deposit Loans
Some lenders accept 5% deposits outside the scheme (LMI applies).
Updated Property Price Caps — Effective 1 October 2025
These are the maximum property prices you can buy under the scheme. To qualify, your property must be at or below the cap for your area.
| State/Territory | Old Cap | New Cap (from Oct 1, 2025) |
|---|---|---|
| NSW (City/Regional*) | $900,000 | $1,500,000 |
| NSW (Other) | $750,000 | $800,000 |
| VIC (City/Regional*) | $800,000 | $950,000 |
| VIC (Other) | $650,000 | $650,000 |
| QLD (City/Regional*) | $700,000 | $1,000,000 |
| QLD (Other) | $550,000 | $700,000 |
| WA (City) | $600,000 | $850,000 |
| WA (Other) | $450,000 | $600,000 |
| SA (City) | $600,000 | $900,000 |
| SA (Other) | $450,000 | $500,000 |
| TAS (City) | $600,000 | $700,000 |
| TAS (Other) | $450,000 | $550,000 |
| ACT | $750,000 | $1,000,000 |
| NT | $600,000 | $600,000 |
| Jervis Bay, Norfolk Island | $550,000 | $550,000 |
| Christmas & Cocos Islands | $400,000 | $400,000 |
*Regional centres: Illawarra, Newcastle, Lake Macquarie (NSW); Geelong (VIC); Gold Coast & Sunshine Coast (QLD).
Why Choose Us
Powering Australian Dreams with clear advice and real results.
Smart Loan Solutions
No cookie-cutter loans. We’ll design a finance strategy that actually fits your lifestyle and property goals — so you can get ahead, stress-free.
No Jargon, Just Clarity
We cut through the finance jargon and explain your options in plain English. Clear answers, so you always feel in control.
60+ Lenders, One Broker
More choice = more power. We compare 60+ banks and lenders to find the deal that works best for you, not them.
Fast & Human Service
moves quick — and so do we. Call, text, or email and expect real answers, not wait times. Your broker, on your terms.
Insights That Give You an Edge
We don’t just find loans — we share market insights and strategies so you can invest smarter and buy with confidence.
Backed by Trust & Reviews
We’re MFAA-accredited and backed by 5-star Google reviews. Real clients. Real results. That’s why people keep coming back.
Don’t miss out on your perfect place. With Pilbara Finance, pre-approval is quick, simple, and gives you the edge when it counts.
We Get The Best Deals From...
First-home essentials
A quick guide to the parts that matter most – deposit, budget, the buying steps and picking the right loan.
- Deposit & upfront costs
- Budgets &repayments
- Steps to buy
- Loan Options
Your deposit
How much do you actually need?
Many buyers aim for 20%, but it’s possible to purchase with less. Low-deposit loans can involve Lenders Mortgage Insurance (LMI), and some government-backed guarantees may help eligible buyers reduce or avoid LMI. Exact options depend on your circumstances and the lender’s criteria.
Your price range
Shape a budget that still feels comfortable
- Estimate your borrowing capacity from income and expenses.
- Model repayments at today’s rate and a buffer above it.
- Include buying costs (duty, legals, inspections) in your plan.
Understanding the process
From pre-approval to settlement
- Get pre-approved so you can make offers with confidence.
- Find a place, make an offer, then valuations and legals kick in.
- We coordinate the moving parts through to settlement day.
What Our Clients Say
From tradies to retailers to startups, businesses across Australia trust Pilbara Finance
to make funding simple and stress‑free.
FAQs
First home buyer FAQs
We work with over 60 lenders, giving you access to a full range of options including equipment finance, working capital, invoice financing, commercial property loans, and more.
Many of our clients receive approvals within 24-48 hours, depending on the lender and the complexity of the application.
No. While good credit helps, we work with a wide panel of lenders who can accommodate different credit histories.
Generally, you’ll need basic financials (bank statements, BAS, or tax returns) and identification. Exact requirements depend on the type of loan and the lender.
Not at all. We provide quotes so you can see your options before making any commitment.
For the main First Home Buyer pathways, yes. Some variants exist (e.g., Family Home Guarantee for single parents/guardians). We’ll confirm what applies to you.
We compare products across our 45+ lender panel to find the most competitive rate and terms for your business.
It’s a loan designed to help eligible buyers purchase their first home with lower deposit requirements and possible government support.
Have another question? Contact us today and we'll see how we can help.
