Home Guarantee Scheme: What Dentists Need to Know
Discover the Home Guarantee Scheme to buy or build your home sooner
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The Australian Government has announced major changes to the Home Guarantee Scheme starting 1 October 2025. These changes will create new opportunities for first-time home buyers across Australia – including dental professionals. This is the biggest expansion of government help for buying homes in recent years, removing barriers that have stopped many dentists from buying property.
From 1 October 2025, the Home Guarantee Scheme will be completely updated to help more Australians buy homes sooner. The new programme removes limits on Government guarantees, giving every eligible first-home buyer, including dental professionals, the chance to buy property with just a 5% deposit and skip Lenders Mortgage Insurance costs.
No Limits on Places: The old quota system that limited how many people could use the scheme is gone. Every first-time buyer who qualifies, including dentists at any career level, can now apply without worrying about the programme filling up.
No Income Limits: First-home buyers with higher incomes can now use the Scheme. This means experienced dentists, practice owners, and specialists won't be excluded because they earn too much.
Much Higher Property Price Limits: The maximum property prices have been increased across most areas to match today's market prices, giving dentists access to many more homes.
Simpler Regional Access: The separate Regional First Home Buyer Guarantee will join with the main First Home Guarantee, making it easier for dental professionals working in country and regional areas.
The new price limits reflect current Australian property values and give dental professionals many more housing choices:
Sydney and NSW regional areas: Up from $900,000 to $1.5 million
Melbourne and Victorian regional areas: Up from $800,000 to $950,000
Brisbane, Gold Coast, and Sunshine Coast: Up from $700,000 to $1 million
Perth: Up from $600,000 to $850,000
Adelaide: Up from $600,000 to $900,000
These increases recognise that property prices have grown a lot in major cities and regional areas, making sure dental professionals aren't locked out of areas where they work and want to live.
The programme works with over 30 lenders, including major banks, credit unions, and regional lenders. Dentists who want to use the improved scheme should:
Start saving now: While you only need 5%, having extra savings gives you more options and security
Check if you qualify: Use Housing Australia's online tool to see if you're eligible
Think about location: Price limits are different in different areas
Get professional help: Work with mortgage brokers who understand both the scheme and the unique situations dentists face
Dentists often face special challenges when getting home loans. These include contract work, income from different practices, owning a business, and large HECS-HELP study debts. The improved Home Guarantee Scheme addresses these dental industry challenges by making it easier to qualify and reducing barriers.
Don't wait until October 2025 to start preparing. Let Home Loans for Dentists help you turn your dream of owning a home into reality.
Initial Appointment
Begin by having a chat with one of our qualified Finance & Mortgage Brokers. We will take the time to understand your situation, including special policies specific to Dentists & other Dental Professionals. We will also discuss loan options from banks and lenders across Australia, guiding you through the next steps of the application process.
Fact-Finding
We will collaborate with you to gain a comprehensive understanding of your financial situation, including your financials, assets, and credit history. This helps determine your borrowing capacity. We will review your bank statements and other relevant documents to provide accurate advice.
Pre-Approval
Once you receive pre-approval, you can confidently begin bidding or making offers on properties you wish to purchase. We will explain the loan amount, interest rates (both variable and fixed), and potential interest rate discounts. We also discuss the importance of the loan to value ratio (LVR) and any lenders mortgage insurance (LMI) that may be required.
Loan Settlement
Upon settling on the property, your Loan will be drawn down, and you will be all set to move forward. We will help you navigate the settlement process. We will also assist in calculating loan repayments and managing your loan interest rate to suit your needs.
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Nitin Jain
Nick is very good and had been really helpful with our journey. Highly recommend
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Anthony Scotts
Awesome guys to deal with, my financial request was not easy and Nick was all over it from day one. You would be crazy not to deal with these guys !
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Louise Griffiths
Carl and the team have been fantastic. I've used them twice - for my first home purchase and again more recently for a refinance. I both highly recommend them and would use them again.
JR
Jared Ridler
Big thanks to Carl for your help through the process! Made it all a breeze with clear quick communication and got us into our new home!
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Alexander Dongas
Got referred by my general manager. Got me in touch with Carl. To say the least - absolute pleasure. This guy knows it all; he’s confident, knows his role, never heard the man stutter. He wants what’s best for you, answers every question, ...
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Assad Hamid
My unconditional approval was rejected just two days before settlement in Aug 2025, and you can imagine the pressure at that stage. Luckily My team refer me to Azura Team and there I e- meet Mr. Carl Elsass. He took the case under his wings and after submitting requested documents in just two days I got unconditional approval and also refinance of one of my unit to make the settlement possible. He really did the work like he is doing for himself. This is only I can feel through out the process. I definitely recommend Azura for their dedicated support and very soon I will be getting into the next one. Thanks Azura for helping the community.
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Ingrid Rollero
Carl and the team are very quick and efficient. Have been them for a few years and happy to recommend to anyone!
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Elizabeth Bottomley
Carl Elsass was a wonderful help to my husband and I as we bought our first property. Carl was very responsive, knowledgeable and guided us through the process with great care and attention to detail. We would highly recommend using Azura ...
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Kirsten Turco
Nick gave us a friendly service & was extremely helpful. Highly recommended!
We take look at a wide range of products available from Banks, Credit Unions & other lenders across the country. This means we can search thousands of products and make sure we're always recommending the best Home Loans for our clients.
This depends on your income, expenses, and deposit, but dentists can often borrow 5-6 times their annual income due to strong earning potential. We'll calculate your exact borrowing capacity based on your specific circumstances.
Too easy! We can arrange dual-purpose financing for dental professionals. This might involve purchasing a property where you live upstairs and practice downstairs, or separate but coordinated purchases. We understand the zoning, commercial lending, and tax implications involved and work with lenders experienced in medical/dental property financing.
For employed dentists: recent payslips, employment contract, bank statements (3-6 months), and ID. If you have HECS debt, include your latest notice of assessment.
For practice owners: two years of tax returns, business activity statements, profit and loss statements, and business bank statements.
For locum dentists: contracts with regular practices, bank statements showing consistent deposits, and booking confirmations.
We'll guide you through exactly what's needed for your specific situation and help present your application in the strongest way possible.
Many of our dental clients secure loans with 10-15% deposits. Some lenders offer LMI waivers for medical and dental professionals, recognising your profession's low default risk. We've arranged loans with deposits as low as 5% for established dentists with strong income history.
No, our service is completely free for most home loans. We're paid a commission by the lender once your loan settles, so there's no cost to you for our expertise and guidance. On the rare occasion there might be a fee for specialised services, we'll always discuss this with you beforehand - complete transparency, no hidden costs.
All of our Mortgage Brokers are accredited and members of the Mortgage and Finance Association of Australia. They are extremely professional and provide exceptional service across a range of lending options.
Banks can only offer their own products, but we access hundreds of loans from 40 lenders to find your best deal. More importantly, we understand dental professionals - from HECS debt and associate income to practice purchases. Bank staff rarely have this specialised knowledge.
We do all the legwork, comparing products and handling paperwork while you focus on your patients. Instead of visiting multiple banks, you get one expert broker who knows the dental industry inside out.
Not with the right lender. Many successful dentists work as associates at 2-3 practices or combine associate work with their own practice. We specialise in presenting multi-income dental applications clearly, using employment contracts and income history to demonstrate stability across your various roles.
We work with lenders who specifically understand dental education debt. Unlike general lenders who may see your $150,000 HECS debt as a liability, our partner lenders recognise this as professional investment debt with government-backed repayment terms. We know which lenders exclude HECS from debt-service calculations or apply more favourable assessment rates.
Trustee for the O'Sullivan Family Trust ABN: 29 235 649 437, Credit Representative #482294 and is authorised under Australian Credit Licence 389328..
Disclaimer: This page provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances. Names & Locations of users have been changed to protect their privacy and are illustrative only.
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