Are you eligible for the First Home Loan Deposit Scheme?

To apply to the Scheme, you'll be subject to the following eligibility criteria. You need to be able to provide documentation of your eligibility to secure your position.

Eligibility criteria includes:

• All applicants must be first home buyers.
• All applicants must be Australian citizens who are at least 18 years of age. Permanent residents are not eligible.
• Individuals must have earned less than $125,000 and couples less than $200,000 in the last financial year. Couples must be married or de-facto.
• Your purchased property must be an acceptable property type and within the property price threshold for the suburb and postcode. You can check the property price cap for your area on the National Housing Finance and Investment Corporation (NHFIC) website.

Check your eligibility

Do I qualify?

The government has developed a handy questionnaire to help first home buyers find out whether they meet the Scheme’s eligibility criteria. To find out if you qualify, choose below whether you wish to apply as an individual or as a couple.

Meeting the eligibility criteria does not mean that you will receive either a guarantee or a loan from a Scheme lender.

Individual   Couple

Does the property qualify?

If you're wanting to find out if the area you are looking to buy in meets the property price threshold, simply follow the link and enter the postcode to find out the property price cap.

Property cap search