5% Deposit Scheme
nounfive per·cent de·pos·it schemepronounced FIYV pər-SENT dee-POZ-it skeem
Last reviewed 16 April 2026
What does the noun 5% Deposit Scheme mean?
An Australian Government programme allowing eligible first home buyers to purchase with a 5% deposit without paying Lenders Mortgage Insurance. The government guarantees the difference between the 5% deposit and the 20% threshold. Since October 2025, there are no income caps or limits on places.
How the noun 5% Deposit Scheme is used
We only had $35,000 saved, but we qualified for the 5% Deposit Scheme and avoided paying LMI entirely.
Synonyms
First Home Guarantee, Home Guarantee Scheme
Related words
Cite this entry
MLA citation: "5% Deposit Scheme." How to Property, 16 Apr. 2026, https://howtoproperty.com.au/definitions/5-deposit-scheme. Accessed 30 May 2026.
Chicago citation: How to Property. "5% Deposit Scheme." Last modified April 16, 2026. https://howtoproperty.com.au/definitions/5-deposit-scheme.
APA citation: How to Property. (2026, April 16). 5% Deposit Scheme. https://howtoproperty.com.au/definitions/5-deposit-scheme