Regional First Home Buyer Guarantee

From July 1 2023, 10,000 places have been released under the Regional First Home Buyer Guarantee (RFHBG) for each financial year up to 30 June 2025. These places support eligible home buyers to purchase a new or existing home.

Eligible home buyers are able to purchase in the regional area they have lived in during the preceding 12 month period, or an adjacent regional area.

Eligible home buyers can use the RFHBG in conjunction with other government programs like the First Home Super Saver Scheme or state and territory first home owner grants and stamp duty concessions.

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• You are purchasing a home to live in yourself or with one other person
• You’re aged over 18
• You’re an Australian permanent resident
• You earn less than $125k in a tax year or, as a couple, less than $200K combined, as shown on the Notice of Assessment issued by the Australian Taxation Office
• You (or at least one of you if you are a couple) have lived in the regional area or adjacent regional area you are purchasing in for 12 months prior to the date you execute your home loan agreement^{^}
• You are purchasing as an owner-occupier of the property
• You have at least 5% of the value of the property saved as a deposit
• You have not previously owned, or had an interest in, a property (including owning or having owned land) in Australia in the last 10 years

Be purchasing

• A residential property
• If you’re building, the loan also includes construction costs to build a residential property on the land you want to buy
• You stay under the price caps for each state and region.
• You must apply for a Principal and Interest loan (no Interest-Only loans)

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Find out more about the eligibility criteria on the Housing Australia website.

Check out the Regional First Home Buyer Guarantee fact sheet

Read the Regional First Home Buyer Guarantee information guide

^{^}Australian Defence Force member applicants, and some employees required by their current employer to relocate may be eligible for a partial exemption and should check with their participating lender if this applies.

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