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What are Labor's promises for the Help to Buy scheme?

As part of the 2025 Australian Federal Election, the Labor government promised the return of the Help to Buy scheme, with more funding and expanded eligibility.

If implemented, you won’t need to be a first home buyer—just meet the updated criteria. Eligible buyers could purchase with a 2% deposit, while the government contributes up to 40% of the property price (new homes) or 30% (existing homes).


Income caps would be increased to $100,000 for singles and $160,000 for couples and single parents.

Calculate your borrowing power here.

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Legal information about our rates
Our home loans are subject to credit criteria and eligibility requirements. Home loan interest rates are for new customers only and can change. Our comparison rates are based on a $150,000 loan amount over a 25 year term. They factor in fees associated with applying for the loan; ongoing fees and fees associated with leaving the loan. Our fixed loans roll to a variable principal and interest rate at the end of the fixed term. If the interest only period is not specified, the comparison rate is calculated on a one year period.

WARNING: The comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

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