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Home Guarantee Scheme

At G&C Mutual Bank, we understand that saving for your first home can be difficult. We have a proud history of providing flexible and competitively-priced products for first home buyers. We’re proud to have been chosen to offer loans under the Australian Government's Home Guarantee Scheme (previously known as the First Home Loan Deposit Scheme), to help even more eligible home buyers realise their dream of home ownership.

Overview of the Scheme

 

First Home Loan Deposit Scheme

  • Check your eligibility

    Eligibility criteria has been expanded to include permanent residents. Check your eligibility for the Scheme on the Housing Australia website using the online tool.

  • Secure your place

    We're ready to help you online, over the phone or in person. We'll work with you to reserve a place in the Scheme on your behalf. 

  • Find your property

    We'll help you navigate the process, so you can focus on finding your new home. Purchase a property that meets the condition of your Scheme approval within 90 days.

  • Make your move

    Move into your property within 6 months of settlement and make yourself at home.

First Home Guarantee

 

Young couple holding hands walking through the a new house being constructed.

Regional First Home Buyer Guarantee

Young family of three sit out the front of their home.

Family Home Guarantee

 

Woman with toddler on her lap in, sitting on a lounge.

Enquire about the Home Guarantee Scheme today

I would like to receive updates from G&C Mutual Bank regarding the Home Guarantee Scheme.

I have read and understood G&C Mutual Bank's Privacy Policy and agree for my personal information to be handled in accordance with the statement.

First Home Owner Grant: The First Home Owner Grant is a government scheme providing a one-off payment for eligible first home buyers who purchase or build a residential property to live in.

Stamp duty concessions: Stamp duty is a tax levied by state or territory governments on certain purchases, including buying a home, land, or investment property. Depending on your state or territory, you may be eligible for concessions as a first home buyer.

The First Home Super Saver Scheme: The First Home Super Saver Scheme allows you to save money for your first home using your superannuation fund. This scheme, run by the Australian Taxation Office (ATO), helps first home buyers save faster by allowing them to withdraw voluntary super contributions they’ve made to their super.

We're ready to help you

Updated terms and conditions – March 2025

Relief for members impacted by Tropical Cyclone Alfred

Footnotes:

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In the spirit of reconciliation G&C Mutual Bank acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today. We support the Uluru Statement from the Heart to achieve justice, recognition and respect for First Nations people.


Any advice or information on this site does not take into account your personal objectives, financial situation or needs and you should consider whether it is appropriate for you. Please review G&C Mutual Bank's Terms and Conditions before acquiring the product.

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