Help & support
Helping aspiring first home buyers and single parents buy a home sooner with a lower deposit.
The Australian Government 5% Deposit Scheme supports home buyers who have saved a small deposit, and meet other eligibility criteria, to purchase a home sooner.
Depending on the eligibility criteria and your financial situation, you may be required to contribute more than a 5% deposit. It is also important to keep in mind additional costs associated with purchasing a home such as stamp duty and conveyancing fees are not covered by the scheme and may still apply.
Discover how the Scheme could help you own your first home sooner:
To access the Scheme, you need to meet borrower eligibility criteria including:
Australian citizen or permanent resident, and be at least 18 years old.
Saved a minimum deposit of 5% for first home buyer and 2% for single parents or legal guardians
First home buyer and must not have owned a property or land in Australia in the last 10 years. Must apply on your own or jointly (max 2 applicants) with a partner, friend, or family member
Single parent or single legal guardian of one or more dependent children. May have owned property in the past 10 years but must not have any other property interest once your new home settles. Must apply on your own (no joint applications)
Planning to live in the home as an owner-occupier (no investment properties)
Applying for an owner-occupier home loan with Principal and Interest repayments from a Participating Lender, up to 30 years (plus up to 3 years to build a new home)
Buying a home in Australia priced at or below the location’s price cap
Existing house, townhouse or apartment
House and land package
Land and a separate contract to build a home
Off-the-plan apartment or townhouse
Understand the property price caps for your state or territory. Property price caps are the same first home buyers and single parents.
Find the price cap for the area you’d like to purchase in by using the postcode search tool.
To apply for the Australian Government 5% Deposit Scheme, speak to a CommBank Home Lending Specialist who will guide you through the application process.
Property prices keep rising in Melbourne and I sometimes feel I’m playing catch-up – I save more but prices go up and cancel out any progress. That’s why the 5% Deposit Scheme helps. It’s helping people like me take that first step on the property ladder sooner. So I can look for a home now, rather than in a couple of years’ time.
Australian Government Help to Buy Scheme
Help to Buy is helping more Australians make the step into home ownership, offering options for both first home buyers and those re-entering the market. Eligible applicants will be able to purchase or build a new home with as little as a 2% deposit.
CommBank is currently the only major Lender participating in the Scheme.
First Home Owners Grant
A one-off payment for eligible first home buyers who purchase or build a residential property to live in. Eligibility isn’t based on financial considerations such as your income.
Stamp duty concession
Stamp duty is a tax levied by state or territory on certain purchases, including buying a home, land, or investment property. Depending on your state or territory, you may be eligible for concessions as a first home buyer.
First Home Super Saver Scheme
Save money for your first home using your superannuation fund. Run by the Australian Taxation Office (ATO), the scheme helps first home buyers save faster by allowing them to withdraw voluntary super contributions they’ve made to their super.
Get help from Ceba in the CommBank app or connect with a specialist who can message you back. You’ll need CommBank app notifications turned on so you know when you’ve received a reply.
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*Awarded 'Bank of the Year - First Home Buyers' for 2025 by Canstar in July 2025.
Applications are subject to credit approval. Full terms and conditions will be set out in our loan offer, if an offer is made. Fees and charges are payable.
