First home buyers can now purchase with a 5% deposit and no LMI from 1 October 2025. North Brisbane Conveyancing Lawyers at Nundah can help if you are looking to purchase your first home!
Big news for first home buyers across Australia!
5% Deposit Scheme Starts 1 October
From 1 October, the government’s 5% deposit scheme will be open nationwide.
This exciting change means Australians can now purchase their first home with only a 5% deposit.
No Lenders Mortgage Insurance Required
Better still, eligible buyers will not be required to pay costly Lenders Mortgage Insurance.
That can save first home buyers thousands of dollars, making property ownership more achievable.
Other Important Changes!
There are unlimited places available and for eligible applicants, income caps have been removed. Importantly, single parents can get into the market and purchase a home with only a 2% deposit! Another important change is that there has been an increase across different jurisdictions to the property price cap too!
Support from North Brisbane Conveyancing
At our North Brisbane Conveyancing law firm, we understand how important these savings are for new buyers.
Our Nundah conveyancing law firm team has already seen strong interest from first home buyers.
Helping Australians Enter the Property Market
The scheme is designed to give Australians an easier path to enter the housing market.
With property prices continuing to rise, the removal of Lenders Mortgage Insurance is a huge benefit.
Making Saving for a Deposit Easier
A 5% deposit makes saving for a home much faster and far less stressful.
Our law firm based in North Brisbane can guide you through the conveyancing process from contract signing to settlement.
Why Choose Our Nundah Conveyancing Law Firm
Our Nundah conveyancing law firm ensures all legal requirements are handled smoothly and efficiently.
We provide clear advice, reliable service, and fixed-fee conveyancing support for first home buyers.
Available Nationwide from October
Whether you are buying in Brisbane or interstate, this scheme is available nationwide.
The program applies from 1 October, so now is the time to prepare. Find out more about the scheme here!
Steps to Take Now
Talk to your lender to check eligibility and lock in your 5% deposit pathway.
Then contact North Brisbane Conveyancing to ensure your legal work is in safe hands.
Your First Home Journey Made Simple
Our Nundah conveyancing law firm makes the process simple, clear, and stress-free. We help first home buyers make their property dreams come true. So, don’t miss the chance to use the new 5% deposit scheme starting 1 October.
Contact Terry Anderssen Lawyers today to begin your first home journey with confidence. Also, learn how we can help you! Click here to read more about conveyancing with us!
Contact us today here!
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