The Australian Government 5% Deposit Scheme makes home ownership more achievable by helping you buy sooner with a smaller deposit, with a Government guarantee.
Who can access the Scheme?
- You're a first home buyer with a minimum 5% deposit
- You're a single parent or legal guardian with a minimum 2% deposit
The Australian Government 5% Deposit Scheme gives you the flexibility to choose the type of home that suits your lifestyle, location and budget, right across Australia.
Both the purchase price and the home's value (as assessed by your Participating Lender) must not exceed the Price Cap. For building a new home on vacant land with separate contracts, the total land price plus build costs need to come in under the Price Cap too.
Check the Postcode Search Tool to find the Price Cap for your desired location. It's only a guide - confirm with your Participating Lender for any home you're considering buying.
Property Price Caps
Property Price Caps are the same for first home buyers and single parents.
| Location |
Property Price Cap effective 1 July 2026 |
| NSW - capital city and regional centre* |
$1,500,000 |
| NSW - other |
$800,000 |
| VIC - capital city and regional centre* |
$950,000 |
| VIC - other |
$650,000 |
| QLD - capital city and regional centre* |
$1,000,000 |
| QLD - other |
$700,000 |
| WA - capital city |
$850,000 |
| WA - other |
$600,000 |
| SA - capital city |
$900,000 |
| SA - other |
$500,000 |
| TAS - capital city |
$700,000 |
| TAS - other |
$550,000 |
| ACT |
$1,000,000 |
| NT - capital city |
$750,000 |
| NT - other |
$600,000 |
| Jervis Bay Territory and Norfolk Island |
$550,000 |
| Christmas Island and Cocos (Keeling) Islands |
$400,000 |
* Regional centres are (1) in New South Wales - Central Coast, Coffs Harbour-Grafton, Illawarra, Mid North Coast, Newcastle and Lake Macquarie, Richmond-Tweed (2) in Victoria - Geelong, and (3) in Queensland - Gold Coast and Sunshine Coast.
