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Budget to launch Your First Home with 2.5% deposits

By Drooid · Oct 27, 2026, 23:15 UTC · How we work

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Summary

The government will unveil the Your First Home scheme in Wednesday’s Budget, allowing 2.5% deposits.
Luke Anstee (23) hopes to buy his first home for stability after a mobile childhood.
He saved monthly for three years but still finds home ownership out of reach.
In his final university year, he now exceeds the income threshold for student-loan repayment.

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Story summary

The government will unveil the Your First Home scheme in Wednesday’s Budget, allowing 2.5% deposits.
Luke Anstee (23) hopes to buy his first home for stability after a mobile childhood.
He saved monthly for three years but still finds home ownership out of reach.
In his final university year, he now exceeds the income threshold for student-loan repayment.