✔ Reduce the deposit required
✔ Reduce your home loan amount
✔ Reduce your monthly repayments
These are the highlights of the Help to Buy scheme, the Australian Government’s year-end gift for first-home aspirants across the nation.
The Help to Buy scheme reportedly aims to support 20,000 buyers each year, across Australia, helping them get into their homes without having the burden of saving for decades.
What is the biggest barrier to buying a home in Australia? Well, it is clearly the deposit requirement. On the other hand, property prices continue to soar against steady incomes.
The government has introduced this shared-equity program to give Australians a fair chance of owning their own home in Australia sooner. That too, without having to pay a huge deposit.
Three years after it was proposed for the first time, the Australian Government’s Help to Buy scheme officially opened on 5 December 2025. It will be a breakthrough for thousands of Australians who have been desperately waiting to finally step into homeownership.
VOXFIN, Melbourne’s mortgage expert specialising in first-home buyer loans, low-deposit loans, and complex lending structures, breaks it down for you to help you understand the simple, practical terms of this scheme.
Read on and know exactly how you could benefit.
What Is the Help to Buy Scheme
The Help to Buy scheme is a federal shared equity program, wherein the Government contributes up to 40% of your new home’s purchase price. For existing homes, the contribution is up to 30%.
But this contribution is not a loan. There is no interest and no monthly repayments. You have to repay the Government’s share only when you sell or refinance the home later down the track.
In a nutshell, the government has made homeownership an achievable dream for low- to moderate-income Australians.
Moreover, the repayments are purely based on the market value at the time of repayment, and not the original purchase price. This structure ensures the fairness and sustainability of this scheme.
How Much Can You Save with Help to Buy
Let’s see it with a simple example.
You are buying a $600,000 property.
Government’s contribution (new build) = 40% = $240,000
Your home loan = $360,000
Your required deposit? As little as 2%.
It can dramatically lower both your upfront deposit, monthly repayments, and interest over the life of the loan. If you are a first-home buyer, this could mean the difference between continuing to pay the rent and owning a home in 2026.
The Eligibility Criteria
- You should have Australian citizenship.
- You should not own a property already (residential, investment, overseas, or inherited).
- You should live in the home as your principal residence.
- You should meet the particular lender’s credit requirements.
- Income limits for singles: up to $120,000 per year, and for couples: up to $180,000 combined.
That’s where VOXFIN helps you. We prepare and pre-assess borrowing power, securing the right lender match.
What Are the Key Benefits
- Buy with a Smaller Deposit
We understand the burden of saving just for the deposit amount for years or even decades. Many Australians spend prime years of their lives just trying to save this 20% deposit for buying a home.
With Help to Buy, this reduces dramatically – often to 2–5%!
- Lower Borrowing Amount = Lower Repayments
With the Government’s contribution of up to 40%, your loan size drops drastically.
- No Lenders Mortgage Insurance (LMI)
This alone can save you $10,000-$30,000, depending on the property price.
- Enter the Property Market Sooner
Instead of waiting 5-10 years just to save a big deposit, it will now be possible to buy your home while growing equity.
- Support for Single Parents, Younger Buyers, and Moderate-Income Households
Australia’s traditional lending models have often left certain groups aspiring to buy their homes behind. These groups will now have a pathway.
Property Price Caps by Location
To ensure that the program is affordable and fair, the scheme includes region-based price caps.
Sydney: Up to ~$950,000
Melbourne: Up to ~$850,000
Brisbane: Up to ~$700,000
These caps align with where the Government believes affordability pressures are highest. While VOXFIN’s research shows these caps, you may contact us to discuss the exact caps in your region. Our first home buyer loan specialists will confirm instantly.
Who Will Benefit the Most
First home buyers struggling with deposits
The scheme directly reduces the need for large upfront savings.
Single parents
Lower repayments + no LMI = more financial breathing room.
Moderate-income Australians
Especially those earning too much for social housing support but struggling with the rising cost of living.
Couples renting long-term
Turn your rent money into equity.
Borrowers declined by banks for low deposits
This scheme opens doors for you. VOXFIN ensures you meet lender requirements.
How to Apply for the Help to Buy Scheme
Step 1. Check Your Eligibility
Income, citizenship, and property ownership status.
Step 2. Get a VOXFIN Borrowing Power Assessment (FREE)
We assess your credit, savings, and affordability with precision.
Step 3. Select the Right Lender & Loan Structure
Not all banks will participate. VOXFIN handles this complexity for you.
Step 4. Gather Documentation
Gather all your payslips, ID, and statements. VOXFIN simplifies this.
Step 5. Apply for Help to Buy + Home Loan Together
VOXFIN coordinates both applications smoothly.
Step 6. Finally, Buy Your Home!
Celebrate. Your homeownership journey begins right here!
How VOXFIN Helps You
With 25+ years of combined expertise and partnerships with over 40 leading lenders, VOXFIN specialises in helping Australians secure the best home loans, especially in genuine government-supported schemes like Help to Buy.
We are one of the selected brokers approved for this scheme.
4.9-Star Customer Rating | No Upfront Fees
The VOXFIN Advantage
✔ Fast pre-assessment – often within 24 hours
✔ Industry expertise in low-deposit first home buyer loans
✔ Support with documentation, strategy, and lender selection
✔ Specialists in complex cases that other brokers decline
Although the scheme is new for today’s home buyers, VOXFIN’s experience with shared-equity and low-deposit is proven. We have been the trusted helping hand for thousands of homeowners across Australia for their government-backed loans.
Ready to check if you qualify? VOXFIN can check in 15 minutes.
Ready to live your homeownership dream anytime sooner? VOXFIN can make it happen.
Contact us today for an early assessment!
Why?
Because the spots are limited (20,000 per year) and demand is rocketing already!
Call: 0435 393 623 | Visit: https://voxfin.com.au/
