The First Home Buyer Guarantee Scheme
At Clarendon Homes, we’re excited to see more opportunities opening up for first home buyers. The Australian Government has announced that the First Home Buyer Guarantee Scheme will now begin on 1 October 2025 – three months earlier than expected.
Saving for a deposit is often the biggest hurdle to buying a first home, but high property prices and the cost of living can make saving the usual 20% deposit feel almost impossible. On top of that, most buyers who can’t reach 20% are faced with Lender’s Mortgage Insurance, which can add tens of thousands of dollars to their upfront costs.
The First Home Buyer Guarantee Scheme changes this by allowing eligible buyers to purchase with a deposit of just 5%, while the government acts as a guarantor for part of the loan.
What this means for first home buyers
This means that an eligible first-home buyer can secure a property priced at $844,000 – the median home price in Australia today – with a deposit of $42,200, shaving a decade off the time it takes to save for a deposit and eliminating the need to pay up to $34,000 in Lender’s Mortgage Insurance.
Who is eligible?
- All Australian first-home buyers have access to the scheme, with no caps on income.
- Eligible applicants in Sydney and regional NSW can buy a home worth up to $1.5 million with a 5% deposit (property price limits vary by state and territory).
- Single parents may be entitled to a deposit of just 2%.
Your Clarendon home
The First Home Buyer Guarantee Scheme means you can secure your first home sooner and step into a quality new build rather than compromising with an older property.
“For a generation of Australians dreaming of buying their first home, the deposit has been the biggest barrier,” says Helena O'Brien NSW Sales Manager. “With this scheme, people can stop renting and move into a Clarendon home sooner, and know they’re getting the quality and value we’re known for.”
House & Land packages
With a deposit of only 5%, you can now secure a first home you might have previously only dreamed of. Clarendon has House and Land packages in some of the most sought-after locations across Sydney and regional NSW, most of them priced at between $1 million and $1.5 million. In NSW, homes worth up to $1.5 million are eligible under the First Home Buyer Guarantee Scheme – and that means a Clarendon H&L package is now in reach for thousands more.
H&L packages are a popular option for first-home buyers. You get a beautiful home that’s already custom matched to suit the block, with upfront pricing ensuring no budget blowouts. These packages have more savings: Stamp Duty is payable on the land component only, where established home, you would have to pay Stamp Duty on the total purchase amount.
Our packages are carefully designed to provide modern, stylish homes in enviable locations. For those looking to build their first home, this could be the perfect way to secure land and a brand-new house in one streamlined process.
The Aspire range – designed with first home buyers in mind
We know that for many first-home buyers, affordability is top of mind. That’s why Clarendon’s Aspire range is tailored to buyers who want a smart, modern home without stretching the budget. These homes offer practical layouts, stylish finishes and options to suit different block sizes – all at a price point that makes getting into the market achievable.
“Our Aspire range is really popular with first home buyers,” says Helena. “It’s about providing people with that first step onto the property ladder, without compromising on quality.”
Designs that deliver great value for less than $420,000 include the Cottesloe 25, the Hayman 30 and the Kingscliffe 33. And because they are Clarendon homes, all the designs in our Aspire collection come with options to help you make your home your own – think additional bedrooms or family areas, a rumpus room, butler’s pantry, Grand Alfresco and much more.
Ready to make your move?
With the First Home Buyer Guarantee Scheme kicking off in October, you can start making your dream come true right now. Browse our house and land packages or Aspire home designs, visit one of our beautiful display homes, or check in with a Clarendon Construction Loan Specialist about your borrowing potential.
Visit clarendon.com.au to start your first-home journey today.
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