First Home Buyer Eligibility & Affordability Calculator
One guided check for the Scheme rules and the number that matters: what you may actually be able to buy.
Let's see if you qualify
A few quick questions — could you buy with a 5% deposit (or 2% as a single parent)? Then we'll work out what you could afford.
What this calculator checks
The first half checks the headline rules for the Australian Government 5% Deposit Scheme and its 2% single-parent pathway. For a joint application, it checks both applicants before retaining a Scheme-backed result.
The second half estimates borrowing power and a purchase price after deposit, transfer duty, any eligible first-home grant and Lenders Mortgage Insurance. It keeps federal Scheme eligibility separate from state grant and duty rules, because their ownership tests are not the same.
What the estimate does not promise
A participating lender makes the final Scheme and credit decision. Lenders can also treat overtime, bonuses, self-employed income, living expenses and existing debts differently, so this is a planning estimate rather than an approval.
Government caps and concessions can change. If you are comparing the Scheme with family support, read our guarantor loan versus 5% Deposit Scheme guide.