September 2025 | Source: NAB, firsthomebuyers.gov.au
Scheme features
- Low deposit options
- No income caps
- No Lenders Mortgage Insurance (LMI)
- Unlimited spots and no waiting lists
- Purchase a property up to the property price caps set by the scheme for your location
- Government-backed support: the Australian Government provides a guarantee to NAB to enable you to buy your home with a lower deposit.
Eligible property types
- Only residential properties are eligible for the Australian Government 5% Deposit Scheme. These include:
- an existing house, townhouse or apartment
- a house and land package
- land and a separate contract to build a home
- an off-the-plan apartment or townhouse.
Contact us today to discuss if you are eligible and let us help you take the next step!
Note: This article has been sourced from NAB, firsthomebuyers.gov.au as published on the September 2025.