What is the New Home Guarantee (NHG)?

The New Home Guarantee (NHG) is an Australian Government initiative aimed at helping eligible first home buyers to build or purchase a new home. Under the 2021-22 Federal Budget, a further 10,000 NHG places will be available from 1 July 2021. If you're a first home buyer interested in applying for the NHG, we're currently accepting applications. You can register your interest below.

What is the eligibility for the New Home Guarantee (NHG)?

To be eligible, you need to check off the following criteria:
  • You're purchasing a home to live in yourself or with your spouse or de facto partner
  • You're a first home buyer. You have never owned a freehold interest in real property in Australia, an interest in a lease of land in Australia with a term of 50 years (or more), or a company title interest in land in Australia
  • You're an Australian citizen

  • You're aged 18 years or over
  • You earned less than $125,000 in the previous tax year as an individual, or less than $200,000 as a couple

  • You have saved a 5% deposit plus enough to cover standard fees and charges (e.g. stamp duty)

For a property to be eligible, it needs to be one of the following:

  • A newly constructed dwelling (can be a freestanding house, townhouse or apartment)
  • An off-the-plan dwelling (can be a freestanding house, townhouse or apartment)
  • A house and land package

  • Land and a separate contract to build a new home

Property price caps

Limits apply to the maximum property purchase price for each state and region the property is located in. These have been revised for the New Home Guarantee (NHG).
Register your interest in the New Home Guarantee (NHG)
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People’s Choice Credit Union is collecting the above information so that we may respond to your enquiry and provide information in relation to products and services we provide. We will only use this information, unless you are already a member or subsequently decide to obtain a service or product from us,  to respond to your enquiry and to contact you from time to time to provide you with information about services and products which may be of interest to you (including products and services of third parties). We may not be able to contact you if you do not provide to us this information. You can opt out of receiving direct marketing from us at any time. We disclose your personal information to relevant members of our staff. We may also disclose your personal information to agents, contractors, government agencies and bodies  who assist us in our dealings with you. Our Privacy Policy (which you can obtain at this link, in branch or by contacting us on 13 11 82 and asking for a copy) contains more information on how you can access and correct your personal information, how we use your personal information (including how to opt out of marketing), how to complain if you believe we’ve breached our privacy obligations, and how we deal with complaints. It also provides more detail on how we manage and protect your personal information if you are interested. People's Choice address is 50 Flinders St, Adelaide, 5000.

^Privacy Notice:

People’s Choice Credit Union is collecting the above information so that we may respond to your enquiry and provide information in relation to products and services we provide. We will only use this information, unless you are already a member or subsequently decide to obtain a service or product from us,  to respond to your enquiry and to contact you from time to time to provide you with information about services and products which may be of interest to you (including products and services of third parties). We may not be able to contact you if you do not provide to us this information. You can opt out of receiving direct marketing from us at any time. We disclose your personal information to relevant members of our staff. We may also disclose your personal information to agents, contractors, government agencies and bodies  who assist us in our dealings with you. Our Privacy Policy (which you can obtain at this link, in branch or by contacting us on 13 11 82 and asking for a copy) contains more information on how you can access and correct your personal information, how we use your personal information (including how to opt out of marketing), how to complain if you believe we’ve breached our privacy obligations, and how we deal with complaints. It also provides more detail on how we manage and protect your personal information if you are interested. People's Choice address is 50 Flinders St, Adelaide, 5000.