Buying your first home has always been a milestone that many Australians aspire to but often find difficult to achieve due to high competition, price caps on Government incentives, and deposit requirements. From 1 October 2025, these barriers are set to shift dramatically with the Australian Government’s expansion of the Home Guarantee Scheme.
This expansion is more than just a policy update—it represents a significant opportunity for aspiring homeowners across Australia. At NB Property Law, we are committed to guiding first-home buyers through these exciting changes and helping them secure their dream property with confidence.
What’s Changing from October 2025
The revamped Home Guarantee Scheme introduces several reforms aimed at making property ownership more accessible:
- Unlimited Places: No more competition for limited guaranteed spots. Every eligible first-home buyer who saves a 5% deposit will have the chance to apply.
- No Income Caps: Higher income earners can now access the Scheme, expanding its reach.
- Higher Property Price Caps: With price caps adjusted across states and territories, buyers can now look at properties that better reflect today’s market realities.
- Streamlined Access: Regional First Home Buyer Guarantee will merge into the broader First Home Guarantee, simplifying the process.
These changes mean that first-home buyers can avoid paying costly Lenders Mortgage Insurance (LMI) and secure finance with a deposit as little as 5%.
Why This Matters for Queensland Buyers
In Queensland, the changes are particularly significant. The property price cap for capital cities and regional centres such as the Gold Coast and Sunshine Coast will increase from $700,000 to $1,000,000, while other regional areas will see their caps rise from $550,000 to $700,000.
For many young professionals, couples, and families, this provides a wider pool of eligible properties to consider—properties that may have previously been out of reach.
How NB Property Law Can Help You
While the Scheme opens new doors, navigating property law and contracts remains a complex process. That’s where NB Property Law comes in:
- Pre-Purchase Legal Advice: We review contracts before you sign, ensuring your rights are protected.
- Contract Negotiation and Review: We help clarify special conditions, settlement terms, and potential risks.
- Understanding Disclosure Requirements: With the Property Law Act 2023 (Qld) reforms, seller disclosure is more comprehensive than ever. We make sure you know exactly what you’re buying.
- Smooth Settlement Process: From liaising with banks and agents to ensuring all compliance requirements are met, we streamline the journey from approval to ownership.
Buying your first home is more than a financial decision—it’s a legal one. Having the right property law team on your side makes all the difference.
Ready to Take the Next Step?
With unlimited places, no income restrictions, and higher property caps coming into effect on 1 October 2025, there has never been a better time to plan your path toward home ownership.
At NB Property Law, we are here to guide you every step of the way, ensuring your purchase is legally sound and stress-free.
Contact our team today to discuss how the upcoming changes can benefit your first-home buying journey and how we can help secure your future home with confidence.