Ep. 40 | What the First Home Guarantee Changes Mean for Melbourne Buyers

What the First Home Guarantee Changes Mean for Melbourne Buyers | Ep 40The government’s First Home Guarantee changes are set to take effect on October 1st, and they’re already creating ripples across Melbourne’s property market. From unlimited scheme places to increased price caps and the removal of income limits, these shifts are designed to make it easier for first home buyers to enter the market but what do they really mean in practice?In this episode of How’s The Market, Tristan Larkin and James Rankin unpack the reforms, how they differ from existing schemes, and the likely flow-on effects for Melbourne buyers. Will it open the door for more people to break into the market, or will it simply push prices higher in already competitive suburbs?Drawing on past policy changes, current buyer sentiment, and predictions for which property types and suburbs will feel the sharpest impact, we break down the opportunities and risks you need to be aware of.What You’ll Learn:How the new First Home Guarantee changes differ from current schemesWhy Melbourne’s $950k price cap may not go far enoughWhich property types like villa units are set to feel the biggest price pressureThe truth about borrowing power, serviceability, and LMI savings under the schemeHow stamp duty still plays a crucial role for buyers, despite the 5% deposit promiseWhy population growth and limited supply mean these changes could accelerate price risesPacked with real-world insights, examples, and predictions, this episode is essential listening for anyone planning to buy in Melbourne whether you’re a first home buyer trying to break in, or simply watching how these changes could reshape the market.👋 About the ShowHow’s The Market is Melbourne’s go-to podcast for buyers who want to make smarter property decisions. Hosted by Tristan Larkin and James Rankin from TOMII Property, we bring you expert tips, market insights, and real stories from the frontlines of real estate, finance, and construction. Auctions, rates, off-markets — we’ve got you covered.🔗 Resources & LinksJoin our mailing list & read the blog → www.tomii.com.auSubscribe for weekly auction results → www.tomii.com.au/auction-resultsFollow Tristan on TikTok & Instagram → @tristanlarkinFollow James on TikTok & Instagram → @james__rankin