The First Home Guarantee Scheme has a new name, it’s now called the 5% Deposit Scheme, but how it actually works, and what the latest report reveals, might surprise you.

In this episode, Jack Elliott unpacks the 2024–25 Financial Year Housing Australia Report and clears up the biggest myths surrounding the scheme: that it’s brand new, that it’s tied to one political party, and that it’s high-risk for buyers. You’ll learn what the data really shows about borrower performance, how the scheme is being used across Australia, and what it actually costs to buy under it.

Whether you’ve heard mixed messages online or you’re wondering if this could help you buy sooner, this conversation will help you understand the facts and how to use the scheme strategically.

In this episode:

🔑 Why the 5% Deposit Scheme isn’t new (and how it’s evolved since 2020)

🔑 The real numbers from the 2024–25 Housing Australia Report

🔑 How arrears and defaults compare to the broader market

🔑 What “borrowing at 95% LVR” really means for risk and buffers

🔑 Why you’ll need more than a 5% deposit once all upfront costs are included.

Timestamps

00:00 - Introduction to the 5% Deposit Scheme Report

01:55 - What is the 5% Deposit Scheme?

02:22 - Misconception 1: The Scheme is New

03:56 - Misconception 2: It is a Labour Only Scheme

04:41 - Misconception 3: There’s a high risk of defaults or arrears

05:33 - Understanding the Risk of using the 5% Deposit Scheme

06:45 - Misconception 4: You only need a 5% deposit to buy

09:03 - What the 2024–25 Financial Year Report Shows

01:20 - The Key Takeaway when using the 5% Deposit Scheme

10:51 - Wrap-Up & What’s Coming Next

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HGS Trends and Insights Report 2024-25

Original 5% Deposit Scheme Accountment (2020)

National Arrears Data

Episode 1 | Unlocking Your Property Vision as a First Home Buyer

Episode 3 | Unlocking the Real Cost of Buying Your First Home

Episode 6 | Unlocking Asset Quality: How to Choose the Right Property as a First Home Buyer

Episode 10 | Unlocking the First Home Guarantee Scheme: Buying Your First Home With 5% Deposit

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📅 Book a chat with Jack for tailored support

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Western Australia offers some strong incentives to help first home buyers reduce upfront costs and enter the market with confidence, but knowing how to use them strategically is what makes the difference.

In this episode, Jack Elliott breaks down what’s available as of October 2025, including WA’s stamp duty concessions for first home buyers, the $10,000 First Home Owner Grant for new builds, updates to the First Home Guarantee Scheme, and Keystart’s shared equity and low-deposit options.

You’ll learn who’s eligible, how each incentive works, and how to think strategically about which programs genuinely support your long-term goals, not just short-term savings.

In this episode:

🔑 Stamp duty concessions for first home buyers in WA

🔑 $10,000 First Home Owner Grant explained

🔑 First Home Guarantee: Buy with 5% and pay no LMI

🔑 Keystart Shared Equity and Low-Deposit Loan overview

🔑 Strategy insights to build long-term flexibility and equity

Timestamps

00:00 – Intro: WA incentives overview

01:42 – Stamp duty concessions

03:00 – Example breakdowns & eligibility

04:05 – Strategy: don’t chase savings

05:06 – $10K First Home Owner Grant

06:46 – First Home Guarantee updates

08:28 – Shared Home Ownership (Keystart)

11:13 – Strategy: pros & cons of shared equity

12:22 – Wrap up & next steps

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First Home Owner Rate of Duty

Stamp Duty Calculator

First Home Owners Grant

First Home Guarantee Scheme

Opening Doors Shared Equity

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firsthomeunlocked.com.au

South Australia offers a range of incentives to help first home buyers reduce upfront costs and enter the market sooner, but knowing which ones actually support your long-term goals is key.

In this episode, Jack Elliott breaks down what’s available as of October 2025, including the state’s full stamp duty relief for new homes, the $15,000 First Home Owner Grant, updates to the First Home Guarantee Scheme, and South Australia’s own shared equity option through HomeStart Finance.

You’ll learn who’s eligible, how each incentive works, and where to think strategically about how these programs fit within your bigger plan, not just your short-term savings.

In this episode:

🔑 Full stamp duty relief on eligible new homes and land

🔑 $15,000 First Home Owner Grant explained

🔑 First Home Guarantee: Buy with 5% and pay no LMI

🔑 HomeStart Shared Equity Option overview

🔑 Strategy insights for choosing long-term value over short-term savings

Timestamps

00:00 – Intro: SA incentives overview

01:05 – Stamp duty relief explained

03:13 – Strategy: long-term focus

04:30 – $15K First Home Owner Grant

06:14 – First Home Guarantee update

07:43 – HomeStart Shared Equity Option

11:39 – Strategy: pros & cons

12:33 – Wrap up & next steps

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Stamp Duty Relief

Stamp Duty Calculator

First Home Owners Grant

First Home Guarantee Scheme

HomeStart - Shared Equity Option

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firsthomeunlocked.com.au

The Northern Territory offers some of the most generous first home buyer incentives in Australia from full stamp duty exemptions for new builds, to grants worth up to $50,000. But understanding which ones truly support your long-term goals is key.

In this episode, Jack Elliott breaks down what’s available as of October 2025, including the House and Land Package Exemption, HomeGrown Territory Grants, the First Home Guarantee Scheme, and the HomeBuild Access shared equity program.

You’ll learn who’s eligible, how each incentive works, and how to think strategically about using these programs, so you can make decisions that build long-term flexibility and wealth, not just short-term savings.

In this episode:

🔑 Full stamp duty exemption for eligible house-and-land packages

🔑 $50,000 HomeGrown Territory Grant for new homes

🔑 First Home Guarantee Scheme — buy with 5% and pay no LMI

🔑 HomeBuild Access program — low-deposit and subsidised loan options

🔑 Strategy insights to help you focus on quality and long-term value

Timestamps

00:00 – Intro: NT incentives overview

00:50 – Stamp duty exemption explained

02:20 – Eligibility & key details

03:55 – Strategy: long-term thinking

05:05 – $50K HomeGrown Grant (new homes)

08:05 – Strategy: new vs established

09:20 – First Home Guarantee overview

10:45 – NT price caps & updates

12:10 – HomeBuild Access overview

13:35 – Low-deposit & subsidised loan options

17:30 – Strategy: shared equity pros & cons

18:25 – Wrap up & next steps

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House & Land Package Exemption (HLPE)

Home Grown Territory Grant - New Homes

First Home Guarantee Scheme

HomeBuild Access Shared Equity Scheme

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firsthomeunlocked.com.au

Victoria offers a range of incentives to help first home buyers get into the market sooner, from full stamp duty exemptions to a $10,000 grant for new homes and major updates to the First Home Guarantee Scheme.

In this episode, Jack Elliott breaks down what’s available as of October 2025, who’s eligible, and how to think strategically about each option. You’ll learn how the concessions and schemes work, what to watch out for with off-the-plan purchases, and why long-term asset quality matters more than short-term savings.

In this episode:

🔑 Stamp duty exemptions and concessions explained

🔑 The $10,000 First Home Owner Grant in Victoria

🔑 Updates to the First Home Guarantee and October 2025 changes

🔑 Risks and benefits of off-the-plan purchases

🔑 Why strategy and asset quality should guide your decisions

Timestamps

00:00 – Intro: VIC incentives overview

00:55 – Stamp duty explained

01:47 – Full exemption & concessional rates

03:12 – Eligibility criteria & income caps

04:20 – Example breakdowns (up to $800K)

05:18 – Strategy: asset quality over savings

06:42 – $10K First Home Owner Grant explained

07:38 – What types of properties qualify

09:10 – Strategy: new vs established homes

09:56 – First Home Guarantee overview

10:40 – VIC price cap & income cap updates (Oct 2025)

12:05 – Combining incentives & trade-offs

14:02 – Long-term strategy & recap

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First Home Buyer Duty Exemption or Concession

Off the Plan Stamp Duty Concession

Stamp Duty Calculator

First Home Owners Grant

First Home Guarantee Scheme

Victorian Homebuyer Fund - Shared Equity Scheme

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firsthomeunlocked.com.au

Tasmania offers a mix of incentives that can help first home buyers cut upfront costs and get into the market sooner. From full stamp duty exemptions on established homes, to a $10,000 First Home Owner Grant for new builds, the First Home Guarantee with higher price caps, and the MyHome shared equity scheme, there’s a lot to weigh up.

In this episode, Jack Elliott walks you through what’s available in Tasmania as of October 2025, who’s eligible, and the key benefits and trade-offs to consider. You’ll also learn why long-term strategy and asset quality should guide your decisions, not just chasing the biggest discount.

In this episode:

🔑 How Tasmania’s stamp duty exemptions work for established homes under $750K

🔑 The $10,000 First Home Owner Grant explained (and what types of homes qualify)

🔑 Updates to the First Home Guarantee in TAS, with higher price caps from October 2025

🔑 How the MyHome shared equity scheme works, and its key trade-offs

🔑 Why focusing on strategy and asset quality will set you up better than short-term savings

Timestamps

00:00 – Intro: TAS incentives overview

01:50 – Stamp duty exemption under $750K

03:04 – Strategy: stretch beyond the cap?

04:22 – Example breakdowns ($750K vs $800K)

04:47 – Extra: off-the-plan concession

04:59 – $10K First Home Owner Grant explained

06:42 – Strategy: new ≠ always better

06:26 – First Home Guarantee (new price caps)

08:00 – MyHome Shared Equity Scheme

11:22 – Living with shared equity (rules & limits)

12:44 – Strategy: pros & cons of shared equity

13:37 – Wrap up & next steps

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First Home Buyers of Established Homes Duty Relief

First Home Owners Grant

MyHome Shared Equity Scheme

MyHome Shared Equity Scheme Income Limits

First Home Guarantee Scheme

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firsthomeunlocked.com.au

The ACT takes a different approach to first home buyer support. There’s no First Home Owner Grant and no first home buyer specific stamp duty exemption instead, buyers get access to the Home Buyer Concession Scheme, which provides full or partial stamp duty relief to anyone purchasing a home to live in.

In this episode, Jack Elliott breaks down what’s available in the ACT as of September 2025, who’s eligible, and the key benefits and trade-offs to keep in mind. You’ll also learn how the First Home Guarantee Scheme applies in the ACT, with major changes to price caps and income limits from October 2025.

By the end, you’ll understand how these incentives work, and why your long-term property strategy should still guide your decisions, not just the upfront savings.

In this episode:

🔑 How the ACT Home Buyer Concession Scheme works (exemptions, concessional rates, and income limits)

🔑 Real examples of stamp duty savings in the ACT

🔑 Updates to the First Home Guarantee in ACT, price caps and income caps

🔑 Why asset quality and long-term strategy matter more than short-term savings

Timestamps

00:00 – Intro: Why the ACT does things differently

01:32 – What is stamp duty & the Home Buyer Concession Scheme

02:53 – Examples: $1.02M, $1.4M & $1.6M purchases

03:31 – Eligibility & income thresholds

05:45 – Strategy insight: Should you stretch beyond the cap?

07:08 – The First Home Guarantee in the ACT

08:37 – Key changes from October 2025

08:47 – Wrap up & next steps

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Home Buyer Concession Scheme

ACT Stamp Duty Calculator

First Home Guarantee Scheme

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firsthomeunlocked.com.au

New South Wales has a range of incentives designed to help first home buyers reduce upfront costs and enter the market sooner. From stamp duty concessions to the $10,000 First Home Owner Grant, and the First Home Guarantee Scheme with rising price caps, there’s a lot to understand.

In this episode, Jack Elliott walks you through what’s available in NSW as of September 2025, who’s eligible, and the key benefits and trade-offs to keep in mind. You’ll learn how each incentive works, and why your property strategy and asset quality matter more than simply chasing the biggest discount.

In this episode:

🔑 How NSW stamp duty concessions and exemptions work (and where they phase out)

🔑 The $10,000 First Home Owner Grant explained

🔑 Updates to the First Home Guarantee in NSW, price caps and income caps

🔑 Why strategy and asset quality matter more than short-term savings

Timestamps

00:00 – What’s available for first home buyers in NSW

01:34 – Stamp duty concessions explained (with examples)

05:14 – The $10,000 First Home Owner Grant

07:33 – The First Home Guarantee Scheme and October 2025 changes

09:11 – Recap of NSW incentives and key takeaways

09:42 – Strategy, resources, and next steps

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NSW First Home Buyer Resource

First Home Buyers Assistance Scheme

NSW Home Buyer Assistance Finder

NSW Stamp Duty Transfer Calculator

First Home Owner (New Homes) Grant

First Home Guarantee Scheme

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firsthomeunlocked.com.au