Who Does the 5% Deposit Guarantee Actually Protect?

Описание: With the 5% Deposit Scheme, a first home buyer can borrow up to 95% of a home's value without lenders mortgage insurance, because Housing Australia guarantees the lender up to 15% of the value. This video walks through who qualifies and the price caps, who the guarantee actually protects, when it ends, a worked example, what the Reserve Bank has flagged since the October 2025 expansion, and four traps.

General information only — not financial advice. This video doesn't consider your personal circumstances. Rules and thresholds change; check the ATO, Moneysmart and Services Australia for your situation, or talk to a licensed financial adviser.

Chapters
0:00 $75,000 down on a $1.5m home
0:44 The rule: a guarantee instead of LMI
1:40 Step 1: who qualifies, and the price caps
2:52 Step 2: who the guarantee protects
3:25 Step 3: when it ends
3:52 Sam's $700k unit (invented example)
6:00 What the RBA flagged
8:26 Four traps
9:06 Recap and where to check

Sam is an invented example: a $700,000 unit (price = valuation), a 5% deposit of $35,000 and a loan of $665,000 over 30 years at an assumed 6.4% (the RBA average for new owner-occupier loans above 80% LVR, June 2026, held constant); stamp duty and fees are left out. The 10% price fall is a what-if, not a forecast. The calculations are our own and can be re-run from the episode files.

Sources (rules as at 2026–27; unlinked RBA items are on rba.gov.au)
S1. RBA, Financial Stability Review – October 2026, ch. 2 — https://www.rba.gov.au/publications/f...
S2. RBA, Financial Stability Review – March 2026, ch. 2 — https://www.rba.gov.au/publications/f...
S3. RBA, Statement on Monetary Policy – November 2025, ch. 1–2 — https://www.rba.gov.au/publications/s...
S4. Housing Australia Investment Mandate Direction 2018, Compilation No. 22 (18 July 2026), Part 5A — https://www.legislation.gov.au/F2018L...
S5. Treasury, Explanatory Statement, Investment Mandate amendment F2025L00984 (Aug 2025) — https://www.legislation.gov.au/F2025L...
S6. Housing Australia, 5% Deposit Scheme Information Guide (1 July 2026) — https://firsthomebuyers.gov.au/sites/...
S7. First Home Buyers website, Australian Government 5% Deposit Scheme — https://firsthomebuyers.gov.au/austra...
S8. First Home Buyers website, Property Price Caps — https://firsthomebuyers.gov.au/austra...
S9. Minister for Housing and Prime Minister, media release, 1 Oct 2026 — https://ministers.treasury.gov.au/min...
S10. Prime Minister and Minister for Housing, media release, 25 August 2025
S11. ABS, Lending indicators, June Quarter 2026 — https://www.abs.gov.au/statistics/eco...
S12. APRA, Quarterly ADI property exposure statistics, June 2026 — https://www.apra.gov.au/quarterly-aut...
S13. RBA, Table F6 Housing Lending Rates — https://www.rba.gov.au/statistics/tab...
S14. RBA, Cash Rate Target — https://www.rba.gov.au/statistics/cas...
S15. RBA Bulletin, "Are First Home Buyer Loans More Risky?" (March 2022)
S16. RBA Research Discussion Paper 2020-03 (mortgage defaults)
S17. Treasury, Explanatory Statement, Investment Mandate amendment F2026L00542 (May 2026)
S18. RBA, In Brief: Financial Stability Review – October 2026 — https://www.rba.gov.au/publications/f...
S19. Federal Register of Legislation, versions of F2018L00994 (checked 3 Oct 2026)
S20. RBA media release, October 2026 Financial Stability Review (1 Oct 2026)

Kooka is an animated character, not a financial adviser.

Credits
Legislation from the Federal Register of Legislation (legislation.gov.au), licensed CC BY 4.0 (https://creativecommons.org/licenses/.... Rules are summarised and redrawn as our own diagrams.
RBA, APRA, ABS, Housing Australia and Treasury material is used for facts and redrawn as our own charts; using it doesn't mean they endorse this video.
Map outline: Natural Earth (public domain).
Music: "Bossa Antigua" by Kevin MacLeod (incompetech.com), licensed under Creative Commons: By Attribution 3.0 (https://creativecommons.org/licenses/.... Source: https://commons.wikimedia.org/wiki/Fi.... Looped, faded, de-clicked and level-adjusted.