As of 1st
January 2020, first home owners are eligible to apply for the first home loan
deposit scheme, an initiative of the Australian Government to help first home
owners purchase a home sooner.
provides “a guarantee that will allow eligible first home buyers on low and
middle incomes to purchase a home with a deposit of as little as 5 per cent.”
is limited to 10,000 loans each financial year.
For more information about the grant, eligibility and thresholds visit https://www.nhfic.gov.au/what-we-do/fhlds/