The Australian Government Help to Buy Scheme is designed to get more Australians into their own homes, while staying within realistic and region-specific price limits.
Each participating state and territory has its own property price caps, which sets the maximum purchase price for homes eligible under Help to Buy. These caps reflect local market conditions and help ensure the Scheme remains fair and accessible across different regions.
While these caps show the maximum property price allowed, your own purchasing power may be lower based on what you can afford. Use the maximum property price calculator to see what price might apply to you.
Please note Tasmania has yet to pass enabling legislation to participate in the Scheme. This page will be updated to reflect when Tasmania can offer Help to Buy. Be sure to check with your Participating Lender whether your location is currently included.
| State | Capital city, regional centre | Rest of State |
|---|---|---|
| New South Wales | $1,300,000 | $800,000 |
| Victoria | $950,000 | $650,000 |
| Queensland | $1,000,000 | $700,000 |
| Western Australia | $850,000 | $600,000 |
| South Australia | $900,000 | $500,000 |
| Tasmania | $700,000 | $550,000 |
| Australian Capital Territory | $1,000,000 | n/a |
| Northern Territory | $600,000 | $600,000 |
| Jervis Bay Territory and Norfolk Island | n/a | $550,000 |
| Christmas Island and Cocos (Keeling) Islands | n/a | $400,000 |
*Regional centres include:
New South Wales
| Victoria
| Queensland
|
You can search the price cap for a specific location by using the Postcode Search Tool.
To use the tool, enter the suburb/postcode of the location you want to buy in, and click "search".
While the cap below shows the maximum property price allowed for a suburb and postcode, your own purchasing power may be lower based on what you can afford. Use the maximum property price calculator to see what price range might apply to you.
Important information: Before proceeding with any property purchase, please ensure you check the applicable price cap for the specific suburb and postcode you are purchasing in. Some suburbs may have more than one postcode, which may result in different price caps under the Scheme. Please note that you are responsible for ensuring that the purchase price is within the price cap for the suburb and postcode. Housing Australia is unable to approve an application for the Scheme (and a Commonwealth contribution) where the purchase price exceeds the price cap. Please contact Housing Australia if you require any clarification or if the suburb and postcode combination is not available in the results below.