From 1 October 2025, the Australian Government has officially expanded the Home Guarantee Scheme, unlocking unprecedented access for first home buyers—including those in Sydney’s Inner West. With no income caps, no place limits, and higher property price thresholds, this initiative is set to transform the path to home ownership for aspiring buyers in suburbs like Leichhardt, Lilyfield, Drummoyne, Canada Bay, and Concord.

What’s changed under the new First Home Guarantee?

The revamped scheme removes key barriers that previously limited access:

• Unlimited places: No more quotas—any eligible buyer with a 5% deposit can apply.
• No income caps: Higher earners are now eligible, broadening the pool of first-time buyers.
• No Lenders Mortgage Insurance (LMI): Save thousands in upfront costs.
• Higher property price caps: Reflecting market realities in areas like the Inner West.
• Expanded eligibility: Includes single parents with just a 2% deposit.

These changes are designed to help more Australians buy sooner, especially in high-demand urban pockets like Sydney’s Inner West, where median prices have historically pushed buyers out of contention.

Why this matters for Inner West buyers

Suburbs such as Rozelle, Russell Lea, Balmain, and Wareemba have long been popular for their blend of heritage charm, transport links, and vibrant community life—but rising prices have made entry difficult. With the new scheme

• Buyers can secure homes with deposits as low as 5% (or 2% for single parents).
• Price caps have been lifted to better match Inner West market conditions.
• No income restrictions mean professionals and dual-income households can now qualify.

Whether you’re eyeing a two-bedroom apartment in Chiswick or a townhouse in Putney, this scheme could be your ticket in.

How to apply

To explore your eligibility and start the process:

👉 Visit the official First Home Buyers site: firsthomebuyers.gov.au
👉 Use the updated Eligibility Tool launching this month to check your status.
👉 Contact a Participating Lender — over 30 are available nationwide, including customer-owned banks and major lenders.

Sandra’s advice for Inner West buyers

“This is a game-changer,” says Sandra Lyon, licensed buyer’s agent. “We’re already seeing increased interest from first-time clients looking in Balmain, Five Dock, and Haberfield. With the new scheme, we can help them compete confidently and secure homes that were previously out of reach.”

If you’re considering buying in the Inner West, now’s the time to act. Sandra offers tailored support—from property search to negotiation—to help you make the most of this opportunity.

Book a free consultation today and let’s find your first home in the Inner West.