First Home Guarantee (FHG) Calculator
Housing Australia 5% Deposit Scheme • Zero LMI • Regional & Capital Price Caps (2024/25)
Scheme & Applicant Parameters
Housing Australia statutory eligibility test and deposit modeling.
Property price ($750k) is under the $900k Sydney/NSW cap, income is within limits, and your deposit meets the 5% threshold.
Housing Australia Statutory Price Caps (2024/2025)
| State / Territory | Capital City / Regional Centre | Rest of State |
|---|---|---|
| NSW | $900,000 (Sydney, Newcastle, Wollongong) | $750,000 |
| VIC | $800,000 (Melbourne, Geelong) | $650,000 |
| QLD | $700,000 (Brisbane, Gold Coast, Sunshine Coast) | $550,000 |
| WA | $600,000 (Perth) | $450,000 |
| SA | $600,000 (Adelaide) | $450,000 |
| TAS | $600,000 (Hobart) | $450,000 |
| ACT | $750,000 | $750,000 |
| NT | $600,000 (Darwin) | $450,000 |
Next Steps & Related Australian Calculators
Strengthen your financial plan with these interconnected statutory computational models.
Stamp Duty Calculator
Combine the 5% deposit scheme with state FHB stamp duty exemptions.
Australian Mortgage & Offset
Calculate monthly loan repayments with zero LMI costs.
Borrowing Power Calculator
Check APRA +3% serviceability criteria for Housing Australia.
Rent vs. Buy Calculator
Compare buying your first home against renting & ETF investing.
Frequently Asked Questions
How does Housing Australia guarantee the loan without giving me cash? +
Housing Australia acts as a statutory guarantor to participating lenders (like CBA, NAB, and regional customer-owned banks) for up to 15% of the property value. This allows the bank to issue a 95% loan without requiring you to purchase costly Lenders Mortgage Insurance (LMI). The government does not provide cash to your bank account; it provides a credit guarantee directly to the lender.
Can I combine the First Home Guarantee with State Stamp Duty Concessions? +
Yes! The Federal Home Guarantee Scheme operates completely independently of state-level First Home Buyer Assistance schemes. For example, in NSW you can purchase a $780k home under the Federal FHG with a 5% deposit and $0 LMI, while also receiving a 100% stamp duty exemption from Revenue NSW.