Government contributes a share
Help to Buy means the Government contributes part of the property price alongside you, reducing how much you need to borrow from the bank.
Help to buy
Help to Buy could make owning possible sooner
If saving a large deposit or borrowing enough from the bank has been holding you back, Help to Buy may be the solution. Own sooner with a smaller loan and as little as 2% deposit.
A shared equity pathway to home ownership
Help to Buy allows the Government to contribute a share of the property with you. For new homes, this can be up to 40% — reducing how much you need to borrow and making home ownership feel more achievable.
How it works
58%
Home loan from lender
Up to 40%
Government equity contribution
40%
Up to 40% for new homes
For eligible new home purchases, the Government contribution may be up to 40%, which can significantly reduce borrowing pressure.
2%
Minimum 2% deposit
Eligible buyers may be able to get started with a minimum 2% deposit, making the upfront savings hurdle feel more achievable.
LMI
No lenders mortgage insurance
Help to Buy may allow eligible buyers to avoid LMI, helping reduce one of the common upfront costs of buying a home.
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Who it may suit
This pathway may suit eligible buyers with steady income and some savings who want to live in the home, but need help reducing the deposit and loan size needed to get started.
MWC
How we help
We help you understand whether Help to Buy may suit your situation, connect with finance support, and find a new home package that fits the pathway.
Eligibility snapshot
Could Help to Buy suit you?
Australian citizens only
All applicants must be Australian citizens.
Income limits apply
Annual taxable income must be at or below $103,000 for individuals or $165,000 for single parents and joint applicants, based on the relevant ATO Notice of Assessment.
You must live in the home
The property must be your principal place of residence while you are part of the scheme. Investment properties are not eligible.
You generally cannot own other property
Applicants cannot own or beneficially own property in Australia or overseas, although some exceptions may apply.
Single or joint applications
You can apply alone or with one other person, provided all applicants meet the eligibility criteria.
Property caps and lender approval
Property price caps apply, and approval is still subject to an authorised lender and your personal circumstances.
For the right buyer, Help to Buy is not about owning less. It's about getting started sooner, borrowing less from the bank, and creating a clearer pathway into home ownership.
Help to Buy eligibility, income limits, property price caps, lender approval and Government scheme availability apply. Information is general only and should be checked against official scheme rules and your personal circumstances.
See if Help to Buy could work for you
Take the free 60-second Home Check and we’ll help you understand where you stand, what you may need upfront, and whether Help to Buy or another lower-deposit pathway could suit your situation.
