As of 1st, October 2025, exciting updates to the First Home Guarantee (FHG) are officially in place and they’re great news for first home buyers in South Australia. These changes make it easier for more South Australians to get into their first home sooner, with higher price caps and broader eligibility.
A Quick Recap: What’s the First Home Guarantee?
The First Home Guarantee helps eligible buyers purchase a home with as little as a 5% deposit, without needing to pay Lenders Mortgage Insurance (LMI).
The government acts as guarantor for part of your loan, allowing you to buy sooner and keep more money in your pocket.
What’s Changed from 1st October 2025
Higher property price caps
- Metro Adelaide: up to $900,000 (previously $600,000)
- Regional SA: up to $500,000 (previously $450,000)
No more income limits, making more buyers eligible.
Still only a 5% deposit required, helping buyers with smaller savings enter the market.
What to Keep in Mind
The property must be owner-occupied.
You must not have owned property in Australia in the past 10 years.
Lenders will still assess your ability to service the loan.
You’ll still need to budget for additional costs such as conveyancing and moving.
Thinking About Buying Your First Home?
If you’ve been saving for your first home, now’s the time to check your eligibility and explore your options.
Our team at Bernie Lewis Home Loans can help you:
- Confirm if you qualify under the new rules
- Compare lenders who offer the scheme
- Work out how much you can borrow and what your repayments would look like
