Making your first home possible with the First Home Guarantee.
Buying your first home is exciting - but saving for a deposit can sometimes feel out of reach. That’s where the First Home Guarantee (FHG) comes in. This government-backed initiative is designed to make home ownership easier and more affordable, and at Harvest Square, it could help you step into your first home [apartment] sooner.
:quality(80))
What is the First Home Guarantee?
The First Home Guarantee allows eligible buyers to purchase a property with just a 5% deposit - without paying costly Lenders Mortgage Insurance (LMI).
Here’s how it works: instead of saving a full 20% deposit, the government acts as a guarantor for up to 15% of your loan. That means:
· You save less before buying
· You avoid paying LMI (which can cost thousands)
· You can move into your new home sooner
What’s Changing from 1 October 2025?
The scheme is expanding to open doors for even more first home buyers. From October, you’ll benefit from:
· Higher property price caps
· Broader eligibility - income caps are being removed
· More opportunities - unlimited places available under the scheme
This means more flexibility, more choice, and more chances to secure your first home.
Why Harvest Square?
Finding the right home is about more than bricks and mortar - it’s about lifestyle, community, and connection. At Harvest Square you’ll enjoy:
· A location surrounded by abundant established amenities
· Easy access to multiple transportation links, including trams, buses, trains and easy freeway access to the Airport.
· Melbourne CBD is only 6km away
· A range of complete and ready to move into two-bedroom apartments priced from $620,000
Harvest Square, Brunswick West is a vibrant new community where your first home will get you affordably on the property ladder. Our sustainable apartments feature 5-Star Green Star ratings that bring together energy efficiency, style and comfort in perfect harmony.
Questions to Ask Yourself
Before you take the leap, it’s worth thinking about:
· Am I ready to live in my first home as my main residence?
· Do I have at least a 5% deposit saved?
· What type of home best suits my budget and lifestyle?
Our friendly sales team can guide you through these questions and help you feel confident about making such a milestone decision.
Take the Next Step
Owning your first home doesn’t need to feel overwhelming. With the First Home Guarantee and the range of apartment pricing at Harvest Square, your dream of home ownership could be closer than you think!