18/12/2025
Awesome News for those looking to get into the market but can't quite afford a full mortgage 🏡
Who is eligible?
Home buyers need to meet eligibility criteria to qualify for Help to Buy. These include:
* Minimum age – must be at least 18 years old
* Deposit – minimum 2% of the home purchase price
* Citizenship – must be Australian citizens
* Single and joint applicants – you can apply to the Scheme either alone or together with one other person, provided you both meet the eligibility criteria
* Income – must have an annual taxable income at or below $100,000 for individual applicants or $160,000 for single parents and joint applicants, as shown on the ATO Notice of Assessment (NOA) for the previous financial year
* Owner-occupier – must live in the home as the principal place of residence whilst a part of the scheme (investment properties are not eligible)
* Property ownership – cannot currently own any property in Australia or overseas. There are exceptions for single parents who own property jointly with someone else and want to buy out the other person's share or intend to sell their existing ownership
* Other Australian Government assistance – cannot receive help from other schemes, including shared equity schemes, loans or guarantees provided by States or Territories to support the purchase. However, you can still benefit from stamp duty concessions, grants and other exemptions.
