First Home Buyers: Annaleise and Jake
Annaleise and Jake, a young couple from the Western Downs region in Queensland, purchased a home through the First Home Guarantee.
On 1 October 2025, the Home Guarantee Scheme was renamed the Australian Government 5% Deposit Scheme. All home buyer case studies, reports and publications published prior to this date will reference the Home Guarantee Scheme. However, these references can now be read as references to the Australian Government 5% Deposit Scheme.
Annaleise and her fiancé Jake purchased their home in Dalby, Queensland, with the help of the FHBG and a loan from customer-owned Great Southern Bank. After completing her degree in speech pathology, the couple moved back out West to be closer to family and friends.
‘We had a life plan, and the first step was buying a home. We had been saving for two-and-a-half years and then looked for six months until we found a home that ticked all the boxes,’ Annaleise, 26 years of age, said.
The couple chose a recently renovated three-bedroom home with a large yard for their Jack Russell dogs, Tucker and Bonnie. Annaleise credits the First Home Guarantee with enabling them to purchase their home sooner.
‘The Scheme has meant that we could buy our first home sooner and did not have to worry about lenders mortgage insurance. It also gave us more flexibility in terms of how much deposit we wanted to put down.
‘Owning a home means more stability for us. Renting came with a lot of unknowns with lease renewals and rent increases. We can now look ahead to planning our wedding in 2024,’ Annaleise said.
