Ready to buy your first home in Logan, Beenleigh, or the Gold Coast? The Australian Government's Home Guarantee Scheme is getting a major upgrade on October 1, 2025, with no more income caps and higher property price limits! Find out how these game-changing rules can help you get into your own home sooner and avoid Lenders Mortgage Insurance (LMI).

As an Australian finance broker, I can tell you that the Home Guarantee Scheme is a huge help for people looking to buy a home. The Australian Government is making it even easier by expanding the scheme on 1 October 2025. This means big changes for first-home buyers in places like Logan, Beenleigh, and the Gold Coast, as the new rules remove income caps and increase property price limits.

This article provides an overview of the Home Guarantee Scheme, its upcoming changes, and how it can help you get into your own home, especially with the support of a local finance broker like Ferns Finance.

What is the Home Guarantee Scheme?

The Home Guarantee Scheme is a federal government initiative designed to help eligible Australians buy a home sooner. It does this by allowing buyers to purchase a property with a much smaller deposit—as little as 5% for the First Home Guarantee or 2% for the Family Home Guarantee—without paying for Lenders Mortgage Insurance (LMI). LMI is a costly insurance premium that lenders typically charge when a borrower has a deposit of less than 20%. The government guarantees the difference, which saves you thousands of dollars and helps you avoid a major upfront cost.

There are two main guarantees within the scheme:

First Home Guarantee: Aimed at first-home buyers and eligible permanent residents who have not owned a property in Australia in the past 10 years.‍
Family Home Guarantee: Specifically for single parents or legal guardians with at least one dependent child, enabling them to purchase a home with a smaller deposit.

What's Changing for First-Home Buyers from 1 October 2025?

The new rules announced by the government are a game-changer for people in our area. From 1 October 2025, the First Home Guarantee will see two major changes:

Unlimited Places: The government is removing the cap on the number of places available each year. This means that all eligible first-home buyers will have the chance to access the scheme, so you won't be competing for a limited spot.‍
No Income Caps: Previously, first-home buyers were restricted by a taxable income limit of $125,000 for individuals and $200,000 for joint applicants. This cap is being completely removed for the First Home Guarantee. This is great news for higher-income earners in Logan, Beenleigh, and the Gold Coast who were previously locked out of the scheme.

The Family Home Guarantee will maintain a specific number of places and its current eligibility criteria, including the income caps.

How the New Price Caps Affect Logan, Beenleigh, and the Gold Coast

Another significant change is the increase in property price caps. This is particularly important for buyers in our region, given the strong property market. The new caps reflect the current market values and give you more options when looking for a home.

Here's a breakdown of the changes for Queensland, specifically affecting the Logan and Beenleigh areas and the Gold Coast.

Property price caps from 1 October 2025

Property Price Caps

Location	Current Property Price Cap	Property Price Cap effective 1 October 2025
NSW – capital city and regional centre	$900,000	$1,500,000
NSW – other	$750,000	$800,000
VIC – capital city and regional centre	$800,000	$950,000
VIC – other	$650,000	$650,000
QLD – capital city and regional centre	$700,000	$1,000,000
QLD – other	$550,000	$700,000
WA – capital city	$600,000	$850,000
WA – other	$450,000	$600,000
SA – capital city	$600,000	$900,000
SA – other	$450,000	$500,000
TAS – capital city	$600,000	$700,000
TAS – other	$450,000	$550,000
ACT	$750,000	$1,000,000
NT	$600,000	$600,000
Jervis Bay Territory and Norfolk Island	$550,000	$550,000
Christmas Island and Cocos (Keeling) Islands	$400,000	$400,000

* Regional centres are (1) in New South Wales - Illawarra, Newcastle and Lake Macquarie, (2) in Victoria - Geelong, and (3) in Queensland - Gold Coast and Sunshine Coast.

This increase is a massive win for local buyers. If you've been searching for a family home in Logan or a property on the Gold Coast, these higher limits give you more buying power and flexibility.

Why a Local Broker is Your Best Friend

Navigating these new rules and applying for the Home Guarantee Scheme can feel overwhelming. That's where a local, independent broker like Ferns Finance can make all the difference. We work for you, not the banks.

We know the local market: We understand the property prices and market conditions in Logan, Beenleigh, Tamborine, and the Gold Coast.
We save you time and stress: We'll check your eligibility, help you with the paperwork, and find the right participating lender for you.
We have access to more options: We work with over 60 lenders, so we can find a loan that is the perfect fit for your unique situation.‍
We're community-focused: As locals ourselves, we're dedicated to helping our neighbours achieve their dream of homeownership.

Don't let the new rules and paperwork stop you from buying your first home. We're here to help make the process as simple, smart, and sorted as possible.

Ready to Talk?

The expansion of the Home Guarantee Scheme is an incredible opportunity. Whether you're a first-home buyer in Logan, a property investor, or a self-employed business owner, we can help you understand your options and get your application sorted.

Contact Ferns Finance today for a no-obligation chat. Let's see how we can get you into your new home sooner.