The Help to Buy (shared equity) program has now been expanded, with income limits removed to make it accessible to a far broader range of Australians. At the same time, property price thresholds have been lifted across the country. In Brisbane, the cap has increased from $700,000 to $1 million.
This marks a major expansion of homeownership, particularly for those who earn too much to qualify under the old limits, yet struggle to save a larger deposit.
Why This Matters
This reform removes longstanding barriers, enabling more buyers to get a foot on the property ladder with a deposit as little as 5% and without costly lender's mortgage insurance.
By reflecting today's property prices more realistically and aligning with the actual market dynamics, this adjustment brings the scheme in line with modern-day affordability pressures.
It means that a first home buyer in Brisbane could purchase a $600,000 home with only a $30,000 deposit. They could save up to 6 years off the time it takes to save for a deposit, save about $25,000 in mortgage insurance, and could pay up to $126,000 towards their own loan instead of paying rent.
What It Means for You
Greater Choice: More qualifying buyers can now access homes up to $1 million in Brisbane, especially impactful in areas where housing stock under previous caps was limited.
Broader Eligibility: Higher income thresholds mean this scheme now benefits many middle-income earners and small families previously excluded.
Increased Support: With larger availability and higher price caps, it's a strong move toward empowering more Australians to enter the market on better terms.
These enhancements reflect a strategic effort to level the playing field, particularly in markets like Brisbane, where housing demand remains strong and affordability continues to challenge buyers.
*This information is for informational purposes only and is not intended to be personal financial advice. Buyers should seek their own independent advice through a finance provider.