First Home Buyers: Zac and Andrew
Twin brothers Andrew and Zac were among the first home buyers to take advantage of the expanded eligibility criteria under the Australian Government's Home Guarantee Scheme to realise their aspirations of home ownership.
On 1 October 2025, the Home Guarantee Scheme was renamed the Australian Government 5% Deposit Scheme. All home buyer case studies, reports and publications published prior to this date will reference the Home Guarantee Scheme. However, these references can now be read as references to the Australian Government 5% Deposit Scheme.
The 22-year old brothers, who work in logistics, obtained a loan through Great Southern Bank to purchase a three-bedroom townhouse in Wollert in Melbourne's north.
Previously only available to couples or single applicants, access to the First Home Guarantee and the Regional First Home Buyer Guarantee was extended to include any joint applicants (previously married or de facto couples) including siblings, friends, and family members on 1 July 2023.
As twins often do, Andrew and Zac share similar thoughts on what home ownership means to them - that's independence.
'Owning our own home means stepping into the next part of our lives. It's about gaining independence and taking on more responsibilities,' said Zac.