Big WIN for First Home Buyers: New Government Guarantee Changes from October 2025

Dreaming of your first home but feeling blocked by strict rules or sky-high savings goals? From 1 October 2025, the Federal Government’s First Home Guarantee Scheme (HGS) is getting its biggest upgrade yet — and it could be your shortcut into the property market.

What’s Changing from 1 October 2025?

The updates are locked in and legislated — so this isn’t talk, it’s real. Here’s what’s new:

Unlimited places – every eligible first home buyer can apply.
No income caps – higher earners now qualify.
Bigger property price caps – in Queensland, buyers in metro and regional centres (including Brisbane & the Gold Coast) can spend up to $1,000,000 and still qualify; whilst in NSW, Sydney gets the highest cap at $1,500,000 .
Simplified access – the regional scheme is merging into the main First Home Guarantee, making the process smoother.

Why This Matters for Gold Coast & SEQ Buyers

Until now, many buyers in Brisbane and on the Gold Coast were shut out because of low caps. The new $1M limit means first home buyers can realistically target townhouses, apartments, and even some houses in popular suburbs.

Best of all, with Lenders Mortgage Insurance (LMI) waived, buyers save tens of thousands of dollars — a game-changer when you’re trying to get into the market sooner.

How the Scheme Works

The Government acts as your guarantor, so you can buy with a 5% deposit (or just 2% for eligible single parents/guardians under the Family Home Guarantee).

A few key points to remember:

• It’s a guarantee, not a cash grant.
• You still need to meet normal bank lending requirements.
• Only participating lenders can offer it — and not all banks are on board.

This is where a mortgage broker makes life easier. At Go Mortgage, we compare lenders and handle the paperwork so you don’t miss out.

What Should You Do Now?

With October 2025 on the horizon, here’s how to prepare:

1. Check your borrowing capacity – know your budget.
2. Get pre-approval – so you’re ready when the right property comes along.
3. Talk to Go Mortgage – our 5-star brokers can guide you through the scheme and secure the right loan.

Final Word

These changes are a huge win for first home buyers across Australia — especially here on the Gold Coast. Whether you thought you earned too much, were blocked by price caps, or struggled with deposit savings, the new rules could be your chance to step onto the property ladder.

Ready to explore your options? Contact the friendly experts at Go Mortgage today and let’s make your first home dream a reality