First Home Owners Deposit Scheme – All You Need to Know

Jan 13, 2020 7:39:00 AM

On 1 January 2020, the Australian Government’s First Home Owners Deposit Scheme kicked off and already hundreds of Aussies have signed up to the scheme. Aimed at supporting eligible first home buyers purchase a home sooner, the scheme allows first home buyers to put down just five per cent deposit, with the National Housing Finance and Investment Corporation (NHFIC) guaranteeing the rest of what would normally be a 20 per cent deposit. Here’s all you need to know.


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Topics: Home Ownership, Financial Advice, Home Loan Advice, Buying property in Australia, Australia Mortgage Broker, First Home Loan Deposit Scheme

First Home Loan Deposit Scheme – will you qualify?

Dec 11, 2019 9:00:00 AM

Ahead of the Federal Election earlier this year, Prime Minister Scott Morrison pledged government’s support to help first home buyers buy their own home with just a 5 per cent deposit. The First Home Loan Deposit scheme kicks off on 1 January 2020 offering up to 10,000 first home buyers each year the chance to buy a home. Will you qualify and what can you actually buy under the scheme?


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Topics: Home Ownership, first home buyer, Financial Advice, Home Loan Advice, Home Loan Application, First Home Loan Deposit Scheme

First Home Loan Deposit Scheme

Aug 15, 2019 5:17:01 PM

Saving a deposit for a mortgage is often the biggest hurdle for many first home buyers. Rising property prices in some areas in Australia means it can take years to save up enough of a deposit. Add to that the cost of Lenders Mortgage Insurance (LMI) and it’s easy to see why so many first home buyers struggle to get a foot onto the property ladder. But that’s all about to change with a Government scheme aimed at helping more first home buyers.


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Topics: First Home Owner Grant, first home buyer, Financial Advice, Home Loan Advice, Mortgage Advice, Australia Mortgage Broker, First Home Loan Deposit Scheme

A step-up for first-home buyers

May 22, 2019 9:39:23 AM

With the election results just in and the Coalition party having secured a majority government, there will be some changes ahead. Prime Minister Scott Morrison has introduced a new $500 million First Home Loan Deposit Scheme that will enable 10,000 first home buyers buy a home with only a five per cent deposit. Find out what you need to know as a first-home buyer.


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Topics: First Home, First Home Owner Grant, first home buyer, Mortgage Advice, First time homeowner, Australia Mortgage Broker, First Home Loan Deposit Scheme