There’s never been a better time to secure your dream home at Lilywood Landings, with the Federal Government announcing that its landmark First Homebuyer Guarantee Scheme will now kick off on 1 October 2025 — three months earlier than planned.
The uncapped scheme is set to make home ownership more achievable than ever, allowing an estimated 70,000 households each year to buy their first home with as little as a five per cent deposit, and no lender’s mortgage insurance.
For properties in Southeast Queensland, including Lilywood Landings, the scheme applies to homes valued up to $1 million, giving buyers even more flexibility and choice when entering the market.
Under the new scheme
- First homebuyers can purchase a home with just a five per cent deposit
- Single parents can access an even lower two per cent deposit
- No income caps apply, opening the opportunity to more Australians
- Buyers can save up to $34,000 in lender’s mortgage insurance
That means a first homebuyer purchasing a property worth $750,000 would need a $37,500 deposit instead of the traditional 20 per cent deposit of $150,000 — helping buyers who are saving to enter the market up to eight years sooner.
Lennium Development Manager Ian Worthington said it was a fantastic outcome for first homebuyers eager to join the Lilywood Landings community.
“Lilywood Landings has always represented incredible value in Southeast Queensland,” Mr Worthington said.
“This new five per cent deposit scheme makes it even easier for buyers to take that all-important first step onto the property ladder and secure a brand-new home.”
The Home Guarantee Scheme is available through over 30 participating lenders across Australia, including a wide range of customer-owned and regional banks, as well as major banks.
Whether you’re starting a family, looking for your first home, or planning a fresh start, Lilywood Landings offers premium options within a thriving new community — now made even more accessible thanks to this Federal Government initiative.
With land flying off the shelves and demand only set to increase, now is the perfect time to act.
Keen to take a look? Visit our sales centre at 4 Merryvale Circuit, Lilywood — open daily from 10am to 4pm.
You can also register now to find out more and be the first to hear about the latest land releases.