Get into your new home now with 5% deposit on house & land and VillaRange at all Villawood communities.
The Federal Government has introduced the First Home Guarantee program, giving first home buyers the chance to secure a home with as little as 5% deposit!*
Check out these benefits!
Enter the market with just a 5% deposit* – for example, on a $600,000 home and land package, this could mean a deposit of just $30,000!^
Avoid Lenders Mortgage Insurance (LMI) – saving you approximately $25,000 – $30,000^
Higher property caps for house & land packages
No income caps – making it easier for more first homebuyers to get started
*Subject to your eligibility. ^ These figures are indicative only. This does not constitute financial advice and does not consider personal circumstances. Buyers should make their own enquiries regarding deposit and repayments with financial advisor.
Find a Villawood community for you
Start building your dream home at a Villawood community without the burden of a full deposit.
Contact Villawood Properties to secure your lot!
Our team can answer your questions or point you in the right direction to ensure you’re ready to take advantage of this incredible opportunity.
Want to learn more about the Govt scheme?
Villawood - 5% Deposit Scheme - National
Frequently Asked Questions
What is the new First Home Buyer / Home Guarantee Scheme?
From 1 October 2025, the federal government will allow first home buyers to purchase with as little as a 5% deposit and no Lenders Mortgage Insurance (LMI). There will be no income caps, no limit on places, and higher property price caps.
Who can apply?
- Must be an Australian citizen or permanent resident, aged 18+
- Buying your first home to live in (not an investment)
- Have at least a 5% deposit
- Property must be under the new price cap for your state
- You must still meet your bank’s lending criteria.
What are the new property price caps?
VIC Metro, $950k. VIC Regional, $650k
SA Metro, $900k. SA Regional, $500k
QLD Metro, $1m. QLD Regional, $700k
How does it work with buying land and building?
The scheme can apply if you are purchasing house and land off the plan:
- The total value (land + build) must be within the property cap for your state.
- Loan application should be submitted roughly 3 months prior to land settlement. If no build contract is signed by this stage, contract must be signed no later than 30 days prior to land settlement to complete valuation.
- You must move in within 6 months of the occupancy certificate.
Can I use this with the First Home Owner Grant?
Yes. The federal scheme can usually be stacked with state-based assistance such as the First Home Owner Grant (FHOG) and stamp duty concessions.
- FHOG varies by state (typically $10,000–$30,000, often for new builds).
- You can apply for FHOG separately through your state revenue office, often via your lender when you take out the loan.
- Combining the guarantee with FHOG may reduce the deposit you need upfront even further.
What are the other costs?
Stamp duty, legal costs, loan fees, inspections, insurance, and all loan repayments. The scheme is a guarantee, not a grant — you still borrow and repay the full loan. Costs are always subject to your purchase state.
How do I apply?
From 1 October 2025, through participating banks and lenders. An online eligibility tool will also be available.
Steps for Purchasers
1. Check your eligibility
- Confirm you’re a first home buyer and meet residency requirements.
- Make sure the land + build contract is under the price cap for your region.
- Speak with a bank or a mortgage broker.
2. Save your deposit
- You’ll need at least 5% genuine savings.
3. Research lenders
- Only participating lenders can offer the scheme (e.g. CBA, NAB, Bendigo, Great Southern Bank).
- Consider shopping around for loan features and interest rates that suit your situation.
4. Get pre-approval
- Apply with your chosen participating lender and with a mortgage broker.
- The lender or mortgage broker will check your finances.
5. Find your property
- For land + build, you must purchase land with a building contract that meets scheme pricing caps.
- Speak with one of our land sales consultants.
- Speak with a building sales consultant.
6. Apply for other incentives
- Check if you can stack the First Home Owner Grant (FHOG) or state stamp duty concessions with the scheme.
- Each state has slightly different rules your conveyancer or lender can guide you.
7. Finalise your loan & contracts
- Your lender or mortgage broker submits the Home Buyer Declaration and finalises your loan.
- Sign the contract of sale and building contract.
8. Settlement & move in
- On settlement, the government guarantee is applied to your loan.
- You must move in within 6 months of Certificate of Occupancy (COO).
For further information, please read the 5% Deposit Scheme Information Guide.
Why Villawood?
It’s a good question.
One with an even better answer.
Put simply, we’re a little bit different to other developers, but in a good way. That is, we do what’s right by residents, the wider community and society as a whole.
We do this by following a series of seven principles that turn this philosophy into tangible action. And which we hold ourselves to time and time again.
