Australian Labor Party

Housing

Open the 5% home deposit scheme to every first home buyer, with no income limits or caps on places.

The commitment in plain words, not a quote.

Delivered

Brought forward to start on 1 October 2025, earlier than promised.

Reported in

Source: A cheat sheet of the policies Australians are being promised on election day (22 Apr 2025, updated 3 May 2025)

SBS News · checked 14 Oct 2026

Evidence for the status

Source: Albanese Government delivers 5% deposits for all first home buyers sooner

Prime Minister of Australia · checked 14 Oct 2026