Owning your first home just got easier!

Eligible first home buyers could be on their way to owning a new home with a 5% deposit*!

The Australian Government is offering a low deposit of 5% to the first 10,000 eligible first home buyers.

In Victoria, this Scheme can be accessed when purchasing a property valued up to $600,000.


The new Scheme is open to singles and couples who are first home buyers.

Applicants are required to undertake several eligibility checks before applying. Checks include an income test, a prior property ownership test, a minimum age test, a deposit requirement test and an owner-occupier requirement.



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*The First Home Loan Deposit Scheme is available from January 1 2020 for the first 10,000 first home buyers. The scheme is offered by the Australian Government and not Eight Homes. Available to first home buyers eligible for the state government first home buyers owner grant, for details visit nhfic.gov.au/what-we-do/fhlds/eligibility/. Before applying, please seek financial advice. All reasonable care has been taken to ensure accuracy however the information published may change from time to time to reflect changing circumstances, laws and regulations and without notice.