Skip to main content

New Home Guarantee

Supporting first home buyers looking to build or purchase a new home. 

About New Home Guarantee

In the 2021-22 Federal Budget, the Australian Government announced 10,000 places specifically for eligible first home buyers building or purchasing new homes. This scheme is called the New Home Guarantee.

Under the New Home Guarantee, first home buyers can build or purchase a new home, including:

  • newly-constructed dwellings
  • off-the-plan dwellings
  • house and land package
  • land and a separate contract to build a new home

Am I eligible?

  • You need to be an Australian citizen, at least 18 years old, with a Medicare card, and a first home buyer looking to buy a property that you will live in.
  • You need to be able to demonstrate your ability to save over time, with a minimum 5% deposit saved for the property you wish to buy.
  • You must meet the income eligibility requirements, which are single buyers earning up to $125,000, or a couple earning up to $200,000 per year. 
  • There are property price thresholds that will apply in capital cities, large regional centres and regional areas. Use NHFIC's property price threshold tool to work out the maximum property purchase price in the area you're interested in under the Scheme.

We're here to help you with your application

If you meet the eligibility criteria the next step is to reach out to our team who can assist with your application. Complete our simple online enquiry form and a team member will be in contact with you shortly.

The application process

Check your eligibility

Check your eligibility for the Scheme using NHFIC's online tool for singles and couples

Make an appointment

Enquire online and a Bendigo team member will be in contact shortly to assist you with your application

Buy your home

Purchase a property that meets the conditions of your Scheme Approval.

Move in

Move into your new home! Check out our tips to assist you with your move. 

Handy tips for first home buyers

Home loan basics

3 February 2022 | 5 min read
Learn more

Home loan glossary

14 June 2019 | 5 min read
Read more

First home buyers

19 February 2021 | 5 min read
Read more

How to be auction-ready

28 May 2019 | 3 min read
Read article

Things you should know

Terms and conditions, fees, charges, eligibility and lending criteria apply. Full details available on application. All information is correct as at 12 November 2020 and is subject to change without notice. 

Target Market Determinations for products are available.

Bendigo Bank logo
Connect with us

Bendigo and Adelaide Bank Limited, ABN 11 068 049 178 AFSL / Australian Credit Licence 237879. Any advice provided on this website is of a general nature only and does not take into account your personal needs, objectives and financial circumstances. You should consider whether it is appropriate for your situation. Please read the applicable Disclosure Documents before acquiring any product described on this website. Please also review our Financial Services Guide (FSG) before accessing information on this website. Information on this page can change without notice to you.

© Copyright 2022 Bendigo and Adelaide Bank