#28 The TRUTH About the Government’s UPDATED 5% Deposit Scheme

From October 2025, the Australian Government’s Home Guarantee Scheme is being completely overhauled — and it could change the game for first home buyers. No income caps, no place limits, higher price caps, and access with just a 5% deposit. Sounds too good to be true? In this episode, Dion sits down with mortgage broker David Pelligra to break down what these changes really mean. They cover: Why the removal of income caps is such a big deal How higher price caps could affect markets like Melbourne and Sydney Whether buyers should be worried about a flood of competition The risks of buying with a 5% deposit (and what lenders don’t tell you) The biggest mistakes buyers are making right now with the scheme If you’re a first home buyer, or even thinking about jumping back into the market, this is the guide you need before October.