Adelaide First Homeowners Rejoice: 5% Deposit Scheme

From 1 October 2025, the Albanese Government’s expanded Home Guarantee Scheme will open the doors to homeownership for thousands of South Australians. Under the scheme, all first home buyers will be able to purchase a property with just a 5% deposit, without the added burden of costly Lenders Mortgage Insurance (LMI).

With the property price cap for Adelaide increased to $900,000, more buyers will now qualify—helping everyday South Australians save tens of thousands in upfront costs and step into their own home much sooner.

Why This Matters for Adelaide Buyers

Traditionally, saving for a 20% deposit has been one of the biggest hurdles to homeownership. For many, it can take close to a decade of disciplined saving just to get a foot in the door. Add to that the cost of LMI, and the dream of owning a home can feel out of reach.

By lowering the required deposit to just 5% and removing the need for LMI, the scheme allows buyers to:

• Enter the property market sooner, before prices rise further.
• Save thousands in upfront costs that can instead go toward building their lifestyle.
• Focus on choosing the right home, rather than waiting years to save for a larger deposit.

For South Australians, this initiative is a game-changer, especially for first home buyers eager to secure their place in the market.

Pair the 5% Deposit with a Lofty House & Land Package

With the scheme creating more opportunities, choosing the right pathway into homeownership is more important than ever. That’s where house and land packages with Lofty come in.

A house and land package offers simplicity and certainty by combining:

• Land Contract – You purchase your block directly from the developer, ready to build on with essential services.
• Build Contract – Lofty constructs your brand-new home under a fixed-price building contract, giving you clarity and peace of mind.

This approach means you’ll know exactly what you’re buying, what it will cost, and when you can move in. For first home buyers, that kind of transparency makes the journey much less stressful.

Your Lifestyle, Your Future

The government’s 5% deposit scheme is about more than saving money. It’s about opening the door to your future. Imagine moving into a brand-new Lofty home, designed to suit your lifestyle, in a community where you can grow and thrive. Whether you’re a first home buyer, a young couple starting out, or someone ready to stop renting and start building equity, Lofty’s house and land packages are tailored to make that dream a reality.

Start Your Journey Today

The government’s 5% deposit scheme is making homeownership more achievable than ever. Combine that with Lofty’s house and land packages, and you’ll enjoy a smooth, secure path to owning your dream home.