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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 Lyndarum North, it could help you step into your first home sooner.

30 September 2025

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 - more homes at Lyndarum North now qualify

·         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 Lyndarum North?

Finding the right home is about more than bricks and mortar - it’s about lifestyle, community, and connection. At Lyndarum North you’ll enjoy:

·         Parks, wetlands and open spaces

·         Schools, shopping and services close by

·         Easy access to transport and Melbourne’s CBD

·         A range of home options – from townhomes to house & land packages, or the flexibility to buy land and build

With thoughtful design guidelines and future-ready infrastructure, Lyndarum North is a place where your first home feels like the right home.

 

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 at Lyndarum North best suits my budget and lifestyle?

Our friendly sales team can guide you through these questions and help you feel confident about your next step.

 

Take the Next Step

Owning your first home doesn’t need to feel overwhelming. With the First Home Guarantee and the range of options at Lyndarum North, your dream of home ownership could be closer than you think.