There are Government support schemes available to eligible borrowers within these groups to buy a home, and you have come to the right place for assistance. Unity Bank is a participant in the NSW Government’s Shared Equity Home Buyer Helper Scheme (NSW only), and the Home Guarantee Scheme offered nationally by Housing Australia. Find out more below and do a quick check of your eligibility for each of the options by clicking on the ‘Eligibility criteria’ and ‘Key benefits’ links.

To talk to someone about these assistance options and have a conversation about your own situation, contact us on 1300 36 2000, or make an online booking for a phone or video chat.

Compare the eligibility criteria and key benefits below


  Shared Equity Home
Buyer Helper*1
Family Home Guarantee
Who is eligible?

Australian citizens or permanent residents2

First home buyers employed as key workers

Single parent of a dependent child or children

Single person aged 50 or above

Victim-survivors of domestic and family violence incident within the last 5 years

Australian citizens or permanent residents2

Single parents or single legal guardians who do not currently own a property or do not intend to own a separate property when they settle on the home

Purchase location NSW only Australia-wide
Minimum deposit 2% 2%
Income threshold Up to $93,200 for singles and $124,200 for couples Up to $125,000
Property price caps Yes, property price caps for the purchase location can be viewed here. Yes, property price caps for the purchase location can be viewed here.
Asset limits Yes, asset limits can be viewed here. No
  Shared Equity Home
Buyer Helper*1
Family Home Guarantee
Government’s contribution to equity Yes, new home up to 40%, existing home up to 30% in exchange for an interest in the property No
Avoid Lenders Mortgage Insurance (LMI) Minimum 2% deposit required Minimum 2% deposit required
Option of third party guarantee to avoid/reduce LMI No No
Annual fee Waived Waived
Establishment fee Waived Waived
Settlement fee Waived Waived
Valuation fee Waived - for one property only Waived - for one property only
Unity Bank legal fee Waived Waived

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Listen to our podcast below where we dive deeper into the eligibility criteria of Shared Equity Home Buyer Helper for Single Parents, 50+ Singles, and Domestic Violence Victim Survivors**

We are here to help

* Credit eligibility, terms and conditions, additional fees & charges may apply. New loans only. Valuation fee waived for one property only.

** Eligibility criteria terms and conditions apply to our Unity Bank Products and scheme eligibility applies to the Government Schemes. Fees & charges may apply. Any general advice or information on this podcast does not take into account your personal objectives, financial situation or needs and you should consider whether it is appropriate for you. Please review our Disclosure Documents before acquiring any product. Unity Bank Limited. ABN 11 087 650 315. AFSL/Australian Credit Licence 240399.

All information including interest rate is subject to change.

1. Unity Bank is a participating lender for the NSW Government’s Shared Equity Home Buyer Helper Scheme. Under this Government scheme, the Government can contribute up to 40% of the price of a new home or 30% for an existing home, in exchange for an equivalent interest in the property. The Government’s interest is secured by a second registered mortgage. While you remain eligible under the Scheme you do not have to make repayments towards the Government’s share, until you sell the property. The information on this page is correct at the time of publishing but may change at any time without notice to you, including as a result of changes to the Scheme by the Government. Scheme eligibility criteria also applies. Restrictions and other obligations apply after purchase. To find out more click here. Target Market Determination available here.

2. For Shared Equity Home Buyer Helper and Family Home Guarantee, permanent residents include New Zealand citizens for the purposes of citizenship applications only.