IBA is proud to be participating lender in the Australian Government 5% Deposit Scheme.
What is the Australian Government 5% Deposit Scheme?
The Australian Government 5% Deposit Scheme makes home ownership more achievable by helping you buy sooner with a small deposit, supported by a Government guarantee.
Who can access the Scheme?
- You’re a first home buyer with a minimum 5% deposit
- You’re a single parent or legal guardian with a minimum 2% deposit
Am I eligible for the Scheme?
To be eligible, you must first meet IBA’s criteria.
In addition, you must meet specific Scheme criteria.
Are there restrictions on the property I can build or buy?
The property must be an acceptable property and maximum purchase prices apply based on the suburb and postcode of the property being purchased.
Read more
For more information about the Scheme including eligibility criteria and property price caps visit the Australian Government 5% Deposit Scheme.
How do I apply?
You can only apply through participating lenders. If you want to apply through IBA, we'll assess your eligibility through our home loan process and be in touch.
