Breaking Down the First Home Guarantee Scheme

overview.

The 5% Deposit Scheme, properly explained. Dad unpacks the First Home Guarantee: who actually qualifies, the price thresholds by state, where stamp duty still bites, and the catch nobody mentions when they sell it to you.

Dad — John Kefalianos, finance broker and property developer — knows the guarantee scheme inside out from doing it for clients. He breaks it down for me here.

"The scheme is not free money. It is the government standing in for the deposit you don't have yet, and that is worth understanding before you lean on it."

John Kefalianos

what you'll learn.

• How the First Home Guarantee lets you buy with a 5% deposit
• The purchase-price thresholds and how they differ by state
• Where stamp duty still applies and where it doesn't
• Why acting inside the threshold window matters

Prefer to read? Grab the free first home buyer guides.

part of: deposit and grants guide.

chapters.

Tap a chapter to jump the video to that point.

1. 00:00 Introduction
2. 00:30 Understanding the 20% Deposit Myth
3. 01:08 First Home Buyers Guarantee Scheme
4. 01:46 State-Specific Purchase Thresholds
5. 03:09 Impact of Property Market on Thresholds
6. 03:40 Stamp Duty Considerations
7. 04:17 Example of Buying an Established Home
8. 05:01 Scenario with Stamp Duty in South Australia
9. 05:43 Benefits of Buying New Homes in South Australia
10. 06:38 Calculating the Deposit for New Properties
11. 07:21 Summary of Deposit Requirements
12. 08:27 The Importance of Acting Quickly
13. 09:21 Conclusion

links Nicola & John mentioned.