News & Tips
Top 20 Suburbs for First Home Buyers
Home buying service MyFirstHome (a division of Oliver Hume Home Solutions) has identified the 20 best suburbs in Melbourne, South East Queensland, and Adelaide, where first home buyers can take advantage of the Federal Government’s expanded Home Guarantee Scheme.
From 1 October 2025, eligible Australians will be able to purchase a home with a deposit as low as 5 per cent without paying lenders’ mortgage insurance (LMI). The scheme, previously capped at 35,000 first-time buyers annually, will now be uncapped, subject to property price thresholds.
MyFirstHome (a division of Oliver Hume Home Solutions) is backed by Oliver Hume Property Group’s 70-year history in property and community development, and is designed explicitly to guide Australians, especially first home buyers, through a personalised, research-driven approach to property buying that focuses on client needs and future goals.
Oliver Hume Home Solutions CEO Adam Duster said the changes to the Home Guarantee Scheme come at a critical time.
“For almost three years, first home buyers have battled falling borrowing capacity as interest rates rose by nearly 4 per cent, the lending buffer increased, and house and land prices climbed sharply,” Mr Duster said.
“The result has been a steady decline in first-home buyer participation across growth markets. This new policy provides immediate relief and real hope.”
Oliver Hume’s sales data underscores the challenge. The proportion of first-home buyers in its projects across Melbourne, Adelaide, and South East Queensland fell from 54 per cent in mid-2023 to just 41 per cent in July 2025.
To help buyers move quickly, MyFirstHome has identified 20 suburbs nationally where houses are priced within the new scheme’s caps. These include growth areas in Melbourne’s north and west (Tarneit, Wyndham Vale, Cranbourne East and Beveridge), South East Queensland (Rocklea, Yarrabilba, Ripley and Deebing Heights), and Adelaide’s northern and southern corridors (Morphett Vale, Port Adelaide).
Mr Duster said the list highlights where first-home buyers should look to be ready for October 1.
“If buyers act quickly, they can secure a home in any number of great suburbs, avoid tens of thousands of dollars in LMI costs, and take advantage of reduced deposit requirements. For many Australians, this is the best chance in years to enter the market.”
Mr Duster said Oliver Hume expects strong demand across its communities as the policy comes into effect and reaffirmed its commitment to supporting first-home buyers into sustainable, long-term ownership.
The MyFirstHome platform is designed specifically to support first-home buyers to get on the property ladder by providing access to dedicated Home Buying Coaches to help navigate the increasingly complex world of grants, lending, co-ownership models, and property searching.
Oliver Hume’s Home Solutions relationship with Oliver Hume Property Group also means buyers can leverage its relationships, built over 70 years of success, to access nationwide opportunities.
MyFirstHome partners with MyFirstLoan – connecting users with expert guidance and tailored financing solutions — even for those overlooked by the big four banks.
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Unlock clever savings strategies to build a deposit faster
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Navigate government grants and first-home buyer schemes with confidence
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Understand loan types and access independent mortgage advice
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Browse a curated list of first-home-friendly properties, from trendy apartments to cosy suburban houses and
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Connect with Oliver Hume’s trusted network of professionals, including developers, brokers and property advisors.
To begin your home ownership journey and take control of your financial future, visit MyFirstHome to schedule a complimentary discovery session.