CommBank participating in the Australian Government Help to Buy Scheme
As the only major bank currently taking part in the Australian Government Help to Buy Scheme, Commonwealth Bank has welcomed the announcement to expand support for home buyers.
Under the shared equity scheme, eligible customers can purchase a home with as little as a 2 per cent deposit, with the Australian Government contributing up to 30 per cent toward the purchase price of an existing home or up to 40 per cent of newly built properties.
CBA’s Retail Bank Group Executive Angus Sullivan says: “We know it can be challenging for first home buyers or someone returning to the market to take that step onto the property ladder. That’s why we’re really pleased to be supporting the Government’s Help to Buy initiative, aimed at making home ownership more accessible for more Australians.”
Customers who purchase a home through the Help to Buy Scheme can repay the Government’s contribution several ways:
- Through voluntary repayments at any time;
- Buying back the Government’s equity when they have the financial capacity;
- When the property is sold.
“Help to Buy allows eligible customers to get into a home sooner, with support towards the purchase price. It’s also flexible, giving people more choice on how they repay the Government’s contribution,” Sullivan said.
In addition to Help to Buy, CommBank is a leading lender in the Australian Government’s 5% Deposit Scheme.
“Since 2022, we have helped tens of thousands of first home buyers enter the market using the 5% Deposit Scheme and now the Help to Buy Scheme provides another way for Australians to realise their property dreams,” added Sullivan.
Supporting first home buyers remains a key focus for CommBank. In addition to Government schemes, CBA offers tailored lending solutions and connects customers with Australia’s largest network of home lending specialists, supporting them from their first enquiry through to settlement.
“We also offer flexible policies, such as alternative servicing methods for customers able to repay their HELP debt within five years. This can increase borrowing power and help customers achieve home ownership sooner,” Sullivan said.
Places in the Australian Government Help to Buy Scheme are limited; customers can find more information including eligibility criteria at firsthomebuyers.gov.au. Commbank.com.au will also be updated.
Eligible customers can apply for the Australian Government Help to Buy Scheme through a CommBank Home Lending Specialist from Friday 5 December 2025.
