First Home loan Deposit Scheme.

Updated Property price caps

Maximum purchase prices (property price caps) are applicable for eligible properties purchased under the First Home Loan Deposit Scheme, New Home Guarantee or Family Home Guarantee (each a “Scheme”). The price caps vary according to the financial year in which your Scheme place was reserved, and where your property is located (in a capital city, large regional centre or regional area).

If you are unsure of the relevant price cap for the property you are looking to purchase, please contact a Participating Lender to confirm the price cap.

Please note that in respect of Scheme reservations made on and from 1 July 2021, the property price cap for the financial year 1 June 2021 to 30 June 2022 will apply.

Search property price cap by suburb

To find the property price cap for a suburb, go to the following link and enter your desired postcode in the search bar.

Please note that this tool is provided as a guide only and does not mean that you will qualify either for a NHFIC guarantee or a loan from a Participating Lender. You should confirm the relevant property price cap for your circumstances with a Participating Lender. 

Overview of property price caps by region

Property price caps vary according to which financial year is applicable to your scheme place, and where your property is located (in a capital city, large regional centre or regional area). Use oupostcode search tool to find out the applicable cap for your suburb.

Region FY 2019-2020 & 2020-2021 
First Home Loan Deposit Scheme Price Cap ($AUD) 
FHLDS & Family Home Guarantee Price Cap ($AUD) effective 1 July 2021 
FY 2022-2023
First Home Loan Deposit Scheme Price Cap ($AUD) 
New Home Guarantee Price Cap ($AUD) effective 
6 October 2020 
NSW - capital city, regional centres (Newcastle, Lake Macquarie & Illawarra) $700,000 $800,000$900,000$950,000
NSW – other $450,000 $600,000$750,000$600,000
VIC – capital city, regional centre (Geelong) $600,000$700,000$800,000$850,000
VIC – other $375,000$500,000$650,000$5500,000
QLD – capital city, regional centres (Gold Coast & Sunshine Coast) $475,000$600,000$700,000$650,000
QLD – other $400,000$450,000$500,000$500,000
WA – capital city $400,000$500,000$600,000$550,000
WA – other $300,000$400,000$450,000$400,000
SA – capital city $400,000$500,000$600,000$550,000
SA – other $250,000$350,000$450,000$400,000
TAS – capital city $400,000$500,000$600,000$550,000
TAS – other $300,000$400,000$450,000$400,000
ACT $500,000$500,000$600,000$550,000
Northern Territory $375,000$500,000$600,000$550,000
Jervis Bay Territory & Norfolk Island $450,000$550,000$550,000$600,000
Christmas Island & Cocos (Keeling) Island $300,000$400,000$400,000$400,000

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