The 5% Deposit Scheme Explained: What First Home Buyers Need to Know

The 5% Deposit Scheme in the spotlight – and could it help you get into the property market?Trent and Simon break down the First Home Guarantee (5% Deposit Scheme), explaining how it works, what’s changed, and who it really benefits. From higher price caps and unlimited places to the real-world risks around affordability and mortgage stress, this episode delivers practical, on-the-ground insights from property and lending experts .Topics covered:What the 5% Deposit Scheme actually is (and why it’s not new)  Key changes in 2025/2026: removal of income caps, unlimited places, higher property price limits  How the government guarantee replaces LMI and impacts interest rates  Who’s eligible (including single parents and non-first-home buyers)  The reality of affordability, compromise, and why your first home doesn’t need to be your forever home  Risks to watch: mortgage stress, servicing limits, and rising prices under capped schemes  Considerations for self-employed buyers and non-PAYG income  Connect with Trent & Simon:Trent Cripps: https://www.linkedin.com/in/trent-cripps-9437488/Simon Podger: https://www.linkedin.com/in/simon-podger-630a9734/Get in touch:Instagram: https://www.instagram.com/sevenfoldproperty/LinkedIn: https://www.linkedin.com/company/sevenfoldpropertyYouTube: https://www.youtube.com/@SevenfoldPropertyGroupEmail: [email protected] more:Sevenfold Property: https://www.sevenfoldproperty.com.au/Your Future Strategy: https://yourfuturestrategy.com.au/Disclaimer:https://www.sevenfoldproperty.com.au/welcome-to-the-buy-in/