This calculator helps first-home buyers check whether they might fit the criteria for low-deposit first home lending support, based on deposit, income and the property price. It gives an indicative view against the relevant thresholds, with a clear prompt to confirm current rules and caps, helping buyers see whether a 5% deposit path could be open to them.
This is an indicative check against a minimum 5% deposit, an income cap, and a regional house price cap, all of which change and are set by the scheme. It is not a guarantee; a lender assesses your full situation. Confirm the current rules and seek advice. Estimate only.
The calculator checks the three headline criteria for low-deposit first home support: that your deposit is at least 5% of the price, that your household income is at or below the income cap, and that the property price is at or below the regional house price cap. If all three pass, you may be eligible to apply. The thresholds change and vary by region, so they are entered as inputs for you to set to the current figures.
On a $650,000 home with a $35,000 deposit, that is about 5.4%, above the 5% minimum. A $120,000 income under a $150,000 cap and a price under an $875,000 cap means all three criteria pass, so you may be eligible to apply, subject to the lender full assessment.
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