More Australians supported into home ownership with the launch of the Australian Government Help to Buy Scheme

Under Help to Buy, the Government will contribute up to 40% of the purchase price for new homes or 30% for existing homes, easing the deposit and mortgage burden for home buyers. This targeted support is available to low- and middle-income earners, including essential workers and families, with income thresholds set at $100,000 for individuals and $160,000 for joint applicants and single parents, and as little as a two per cent deposit.

Administered by Housing Australia, Help to Buy is a national program¹ featuring property price caps tailored to each state and territory to reflect local market conditions. Over the next four years, Help to Buy will support up to 40,000 eligible Australian households to enter the housing market. Initially, the Scheme will be available through two Participating Lenders, Bank Australia and the Commonwealth Bank of Australia, with more lenders joining the panel in 2026.

Housing Australia CEO, Scott Langford said, "For families and individuals including essential workers, Help to Buy offers a meaningful pathway to home ownership. Housing Australia is proud to deliver this important initiative on behalf of the Australian Government, to help more Australians achieve the dream of home ownership."

CBA Retail Bank Group Executive, Angus Sullivan said, "With home ownership a goal and priority for many, CBA is proud to support the Australian Government Help to Buy Scheme. It's an important initiative to help more people enter the property market and we look forward to helping Australians access the Scheme." 

Bank Australia Managing Director, Damien Walsh said, "Being selected to deliver Help to Buy is a proud moment for Bank Australia. It reflects our commitment to affordable and accessible housing and the communities we serve. As we continue to grow, it's important we invest in areas that matter to our customers - and Help to Buy is a great example of this."

The Australian Government Help to Buy Scheme will commence on Friday 5 December 2025. For more information about the Scheme visit firsthomebuyers.gov.au

_{¹As at launch, Help to Buy is operational in Queensland, Victoria, New South Wales, South Australia, ACT and Northern Territory. The remaining states must pass enabling legislation for the Help to Buy Scheme to be operational within their jurisdictions. The Australian Government is continuing to work with the other states to ensure the Scheme can be operational as soon as possible.}