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.

Ensure there are no errors on your report. A clean history is vital for securing the best interest rates. 2. Master the Deposit (You may not need 20%)

Cancel unused subscriptions and reduce discretionary spending like frequent dining out.

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.

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