Buy a home and avo, baby – Who knew?
Broke? Nah. Just HGS-Savvy.
Buying your first home? Big feels. But don’t freak — the Home Guarantee Scheme (HGS) is like the fairy godparent of home loans, minus the wand and weird shoes. At Buyvest, we’re your mates in the mortgage game, helping you skip the drama and slide into that dream home faster.
So, what is the Home Guarantee Scheme?
Think of it as a cheat code that helps you dodge the usual 20% deposit. The HGS has three flavours, depending on where you’re buying and who you are:
1. First Home Guarantee (FHG)
New, old, reno’d, or off-the-plan — if it’s a home, it’s on the menu. Just bring your 5% deposit and a dream.
2. Regional First Home Buyer Guarantee
Want trees, space, and a local bakery that knows your name? This one’s for the regional legends.
3. Family Home Guarantee
Shoutout to the single parents and guardians holding it down — this one backs you up with just a 2% deposit. Mad respect.
Who can get in on this sweet deal?
You're in the game if you:
Are an Aussie citizen or permanent resident, aged 18+
Earn under:
$125k if you’re solo (or a single parent)
$200k if you’ve got a duo or crew (yes, siblings & mates count)
Are a first-time buyer or haven’t owned in 10 years
Plan to actually live in the place (no sneaky Airbnbs)
Have your 5% saved — or 2% if you're in the Family Home lane
Heads up: property price caps vary by postcode, so don’t go falling for that $3M Bondi pad just yet.
How to get started (No side quests required)
Use the Eligibility Tool – it's quick, painless, and actually helpful. It’ll tell you which guarantee(s) you might qualify for.
Then hit us up at Buyvest. We’ll help you cut through the red tape and roll out the welcome mat on your new place.
Real talk: Let’s chat genuine savings
Banks wanna know you can save like a grown-up. That’s where genuine savings comes in — it’s proof you’ve got your money life semi-together.
What counts as “genuine”?
Savings stashed for 1–3 months
Term deposits sitting pretty
Shares or managed funds chilling for a while
Cash gifts or inheritance you didn’t blow on a Bali trip
Regular rent payments (yep, that rent money’s finally good for something)
Not all lenders are the same — we’ll help you match with the one who vibes with your savings story.
Save smarter, not harder
Here's how to get your money game tight:
Check what you’ve already got – maybe you’re closer than you think.
Set a goal – how much do you need to stack? Let’s map it out.
Make a budget – yes, the dreaded B word, but it works.
Automate that shiz – set and forget those transfers.
Track your progress – celebrate the small wins. You’re doing great.
Once you’ve hit your goal, chat with us at Buyvest to make sure you’re HGS-ready. Then boom — pre-approval time.
Why roll with Buyvest?
We don’t do stuffy bank speak or pressure you into “just seeing what you can afford.” We’ve got the street smarts and the spreadsheets. We’re locals, legends, and here to help you lock in that dream without losing your mind.
Pre-Approval: AKA The VIP pass to house shopping
Getting pre-approved means you:
Know your budget
Get taken seriously at inspections
Might actually land a spot in the HGS before it fills up
It’s like getting the keys to the club before the bouncers even show up.
House hunting with HGS: A cheat sheet
Scope out homes under the HGS price cap (check NHFIC for limits)
Negotiate your contract of sale — add your buyer conditions, get it in writing
Talk to the real estate agent about your 2–5% deposit game
Use a Deposit Power Guarantee if the agent wants a bigger upfront deposit — it’s a clever workaround
Don’t forget the extras – stamp duty, legal stuff, and maybe a cheeky takeaway for move-in day
Final stage: Getting the green light (AKA Unconditional Approval)
Once your contract is done, we’ll get your loan formally approved under the HGS. Then it’s all systems go — no more “what ifs,” just “when’s the housewarming?”
💬 Hit us up
Whether you’ve got questions, goals, or just need someone to talk you out of blowing your deposit on a new couch — we got you.
📞 DM, call, or swing by — Buyvest is in your corner.
Smashing avo and smashing his property goals.
Home loan? Yes. Regret-free avo toast? Always.
Table of Contents
Important stuff:
Please note that the views and opinions expressed in this post are general information only, and this is not financial advice.
Any advice and information is provided by Buyvest Pty Ltd ABN 91 684 841 496, Australia Credit Licence No. 567392 and is general in nature, for educational purposes only and is not intended to constitute specialist or personal advice. This website has been prepared without considering your objectives, financial situation or needs. Therefore, consider the appropriateness of the advice for your situation and needs before taking any action. It should not be relied upon to enter into any legal or financial commitments. Specific investment advice should be obtained from a suitably qualified professional before adopting any investment strategy. If any financial product has been mentioned, you should obtain and read a copy of the relevant Product Disclosure Statement and consider the information contained within that Statement concerning your circumstances before deciding whether to acquire the product. You can obtain a copy of the PDS by emailing hello@buyvest.com.au. If you want to change your financial circumstances, such as applying for a loan, all loan applications are subject to credit approval.
All information on this website is subject to change without notice.
