Property News: Own Your Home Sooner — Just 5% Deposit with the Government-Backed Scheme

Susan Farquhar
2 days ago
3 min read

What is the 5% Deposit Scheme?

The Australian Government’s 5% Deposit Scheme helps eligible first home buyers enter the property market sooner by reducing the deposit needed to just 5% of the property’s value — without paying Lenders Mortgage Insurance (LMI).

For this home priced at $676,000, a 5% deposit is only $33,800.

Here’s how it works:

Buy your first home with a 5% deposit ($33,800)

The Government guarantees up to 15% of your loan

No LMI – saving you thousands

Available for eligible first home buyers on new or existing homes 

Learn more about the program here: Australian Government 5% Deposit Scheme

Your New Home Awaits

Step into a modern, low-maintenance home in one of the fastest-growing communities in the west. Designed for comfort, convenience, and connection, this completed property is ready for you to move in today.

Property Overview & Weekly Holding Cost

Purchase Price: $676,000

Loan Type: Owner-Occupier (First Home Guarantee — 5% Deposit, No LMI)

Deposit Required: 5% = $33,800

Loan Amount: 95% = $642,200

Estimated Loan Details (as of October 2025):

Interest Rate: ~5.75% p.a. (after latest 0.25% RBA drop — owner-occupier variable)

Loan Term: 30 years

Repayment Type: Principal & Interest

Estimated Weekly Repayment:

At 5.75% interest, repayments on $642,200 over 30 years are roughly:

≈ $3,865 per month or ≈ $890 per week

Annual Outgoings:

Council Rates: $3,000 (approx.)

Upfront Costs (Estimated):

Deposit (5%): $33,800

Stamp Duty: $35,630.00

Conveyancing & Legal: $1,500–$2,000

Building & Pest / Misc.: $500–$1,000

Total Upfront (if exempt from Stamp Duty): ≈ $36,000

Why This Stands Out

You’re owning a completed, high-quality home with as little as a $36K entry point.
No Lenders Mortgage Insurance (LMI) — that’s a saving of around $20K–$25K.
With interest rates trending down, your weekly repayments could reduce further in 2026.
The property’s $500/week rental potential means even if it’s converted to an investment later, it’s cash-flow efficient compared to the deposit size.

Note: To keep the guarantee, you must meet ongoing obligations such as living in the property as an owner-occupier. If these aren't met, the guarantee may no longer apply, and your lender may require you to pay Lenders Mortgage Insurance or other additional costs. Talk to a participating lender to learn more.

Client Talking Point Example

“With the new 5% deposit scheme, you could secure this display-quality home for around $36,000 upfront + the 5% deposit and weekly repayments under $900. That’s less than many families are paying in rent—and you’d own the asset.”

Location and Connectivity

Perfectly positioned for everyday living, this address provides easy access to key destinations across the region.

Approximate drive times:

~35 minutes to the CBD (~36 km)

~25 minutes to the airport (~28 km)

~10 minutes to the nearest town centre (~6 km)

~15 minutes to a major retail hub (~9 km)

~10–12 minutes to the nearest train station (~8 km)

Shops, schools, transport links, and parks are all within a short drive — giving you the perfect mix of lifestyle and convenience.

Community & Lifestyle

This peaceful, well-planned community is ideal for families and first home buyers, featuring:

Modern, stylish homes and quiet streets
Parks, playgrounds, and green open spaces
Easy access to retail and dining precincts
Quality schools and childcare options nearby
Strong infrastructure supporting future growth

It’s the ideal setting to build your future with confidence.

Why This Home Stands Out

✔ Move-in ready — completed home, no construction time

✔ Eligible for the 5% Government-Backed Deposit Scheme

✔ Perfect for first home buyers and young families

✔ No property management needed — owner-occupier ready

✔ Surrounded by schools, shops, and local conveniences

✔ Located in a rapidly growing, well-connected area

Make It Yours

With the government’s 5% deposit support, owning this home is more achievable than ever — secure your new home today with just $33,800 deposit.

Move-in Ready. Government-backed. Yours to own.

With construction already complete, you can move straight in – no delays, no waiting.

Floor plan, furniture and fixtures, measurements and dimensions are approximate and are for illustrative purposes only.

Our mission is to open doors to stronger financial futures.

Do you have any questions? Call us at:

+61 407 465 850 | +61 482 080 189