October 2025 - 5% deposits for all first home buyers

Helping First Home Buyers Sooner: What the New 5% Deposit Scheme Means for You

The Australian Government has fast-tracked its expanded 5% deposit scheme, now launching on 1 October 2025 and months ahead of original schedule. 

Under the scheme, eligible buyers can secure a home with just a 5% deposit, without paying Lenders Mortgage Insurance (LMI). With no income caps or place limits, and higher property price thresholds, the scheme opens doors to a wider range of homes, including premium apartments in the well-connected Melrose Park urban communities.

The updated scheme is designed to help first home buyers avoid thousands in upfront costs by removing the need for Lenders Mortgage Insurance - even with a lower deposit.

Now is the prime time for potential purchasers to explore Melrose Park, Sydney’s largest new urban park. With 1, 2, and 3-bedroom homes available, we offer options to suit a variety of needs.

We’re excited to see how this new policy will assists first home buyers on their journey to home ownership. We invite you to explore our latest releases — designed with lifestyle, sustainability, and quality in mind.

Enquire now to learn more about Melrose Park and what we have on offer.

Source:

Australian Government. (2025). Albanese Government delivers 5% deposits for all first home buyers sooner. [online] Prime Minister of Australia. Available at: https://www.pm.gov.au/media/albanese-government-delivers-5-deposits-all-first-home-buyers-sooner [Accessed 28 Aug. 2025].