Time will tell how many people will actually benefit from changes to help first home buyers

House price caps for the First Home Grant have been lifted in many parts of the country, while the caps for the First Home Loans scheme will be removed entirely.

First Home Buyers' Club Director Lesley Harris says the bank's criteria is key.

She says they're stress-testing people at a much higher rate, and interest rates are climbing up, there are no guarantees that just because these things are available that people will be able to get the lending.