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First Home Buyer Loan Applications Surge by 39.2% in October
Exploring the Impact of the Expanded 5% Deposit Scheme on First-Time Buyers
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The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.
October 2025 marked a significant milestone for first-time homebuyers in Australia, with loan applications surging by 39.2%.
This remarkable increase is largely attributed to the federal government's expansion of the 5% Deposit Scheme, which has made homeownership more accessible to a broader segment of the population.
The expanded scheme introduced several key changes:
Removal of income caps, allowing more individuals to qualify.
Increased property price caps to reflect current market values.
Elimination of restrictions on the number of guarantees available.
These adjustments have particularly benefited first-time buyers in Queensland, South Australia, and Western Australia, where loan applications saw the most significant upticks. The scheme's enhancements have effectively reduced the initial financial barriers to homeownership, enabling more Australians to enter the property market.
While this surge in applications is a positive development for first-time buyers, it also contributes to increased competition in the housing market. Prospective buyers should be prepared for a competitive environment and consider seeking professional advice to navigate the complexities of the home buying process effectively.
Published:Friday, 26th Dec 2025 Source: Paige Estritori
Please Note: If this information affects you, seek advice from a licensed professional.
In the third quarter of 2025, Australia's property market witnessed a significant shift as investors accounted for two out of every five home loans. Data from the Australian Bureau of Statistics (ABS) revealed that over 57,000 investors borrowed nearly $40 billion during this period, marking a 17.6% increase from the previous quarter. This surge underscores a growing trend of investor dominance in the housing sector. - read more
October 2025 marked a significant milestone for first-time homebuyers in Australia, with loan applications surging by 39.2%. This remarkable increase is largely attributed to the federal government's expansion of the 5% Deposit Scheme, which has made homeownership more accessible to a broader segment of the population. - read more
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