First Home Guarantee

You can check your eligibility for First Home Guarantee on the Housing Australia website, however, the following conditions will generally apply.

• Australian citizens and Australian permanent residents who are at least 18 years of age.
• Applicants must not have previously owned or had an interest in a residential property, either separately or jointly with someone else (this includes residential strata and company title properties, regardless of whether it was an investment or owner-occupied property and whether it was ever lived in) in the past 10 years.
• Singles with a taxable income of up to $125,000 per annum and couples with a combined taxable income of up to $200,000 per annum may be eligible (taxable income as shown on the Notice of Assessment issued by the Australian Taxation Office).
• Co-borrowers who are married, in a de facto relationship, siblings, parent/child or friends.
• Owner Occupied home loans paid on a principal and interest basis (investment properties and Interest Only loans are excluded). If the loan relates both to the purchase of vacant land and to the construction of a house, the loan may still be eligible even if the terms of the construction loan agreement permit Interest Only payments for the partially funded period. 

• Applicants who have a deposit of between 5% and 20% of the property’s value and contribute the maximum amount of funds available to them.
• Guarantee can’t be used in conjunction with the Family Home Guarantee or Regional First Home Buyer Guarantee.

Your maximum property purchase price is subject to the suburb and postcode of your new property. You can check the property price threshold for your property’s suburb and postcode using Housing Australia's property price threshold tool.

You can only use the Guarantee once for the settlement of a home. If you were unable to purchase a property in the required time frame, you may be able to make a new place reservation.