What is regional first home buyer guarantee?
The Regional First Home Buyer Guarantee is a Home Guarantee Scheme sub-stream specifically for first home buyers in regional Australia — 5% deposit, no LMI, and 10,000 places per financial year reserved for buyers in eligible regional postcodes.
The Regional First Home Buyer Guarantee (RFHBG) is a dedicated stream of the federal Home Guarantee Scheme that reserves places for first home buyers purchasing in regional Australia. The Government guarantees the lender against the LVR gap above 80%, so qualifying buyers get into a home with a 5% deposit and no LMI.
Eligibility: must be an Australian citizen aged 18+, owner-occupier intent, income caps ($125,000 single / $200,000 couple), AND the property must be in an eligible regional postcode (defined by Housing Australia — broadly outside the 5 mainland capital cities and surrounding commuter belts).
10,000 places are available each financial year (1 July - 30 June). Demand is high but less competitive than the metropolitan First Home Guarantee stream because regional take-up is slower. Apply through a participating lender — not directly to Housing Australia.
RFHBG · regional first home buyer guarantee · regional home guarantee
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General information only — not personal financial advice. Verified against https://ratesniffers.com.au/glossary on 2026-06-01.