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What is it?
The scheme allows eligible first home buyers to purchase a home with a smaller deposit without paying lenders mortgage insurance.
5% Deposit Scheme
The Australian Government’s 5% Deposit Scheme could help you buy your first home sooner with just a 5% deposit.
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Who is eligible?
Eligibility depends on income, property type, location, and other scheme requirements.
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How it helps
It may help you enter the property market sooner with fewer upfront costs while using a 5% deposit.
Official Government Links
Use the official government website below to check eligibility and read the latest scheme information.