A shared equity program where the government contributes up to 40% for new builds or 30% for existing homes . You only need a 2% deposit, but you will share future capital gains with the government.
The Australian Government 5% Deposit Scheme now has unlimited places and has removed income caps, allowing you to buy with just a 5% deposit while the government guarantees the rest.
Here is a step-by-step guide to navigating your first purchase, from saving that first dollar to picking up the keys.
Cancel unused subscriptions and reduce discretionary spending like frequent dining out.
Before you even look at a kitchen, you need to look at your bank statements. Lenders are more thorough than ever, often scrutinising the last three to six months of your spending.
While 20% is the "gold standard" to avoid , several 2026 schemes let you enter much sooner: