A woman sits at the threshold of a home, drinking a glass of water.
A woman sits at the threshold of a home, drinking a glass of water.
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Home Loans - Australian Government 5% Deposit Scheme

The government guaranteed, low deposit path for first home buyers.

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Register interest

A young couple sits on the floor of a bright apartment surrounded by open cardboard boxes.

Buy your first home sooner with a 5% deposit

The Australian Government 5% Deposit Scheme helps first home buyers enter the property market sooner – without paying Lenders Mortgage Insurance (LMI).

Who can access the Scheme?

  • First home buyers with a minimum 5% deposit
  • Single parents or legal guardians with a minimum 2% deposit

Check eligibility

Register your interest

Register your interest in the Australian Government 5% Deposit Scheme and we’ll guide you through your next steps.

Speak to a lending specialist

Important Information

Scheme eligibility criteria apply.

Membership eligibility applies to join the Bank. All applications for credit are subject to our responsible lending criteria. Fees and charges apply. You can find our Consumer Lending terms and conditions available online or from any of our offices.

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