2020 – New First Home Buyers Scheme

First Home Buyers will have an opportunity to enter the property market with a smaller deposit under a New Federal Government (new home loan deposit) Scheme which commenced 1st January 2020.

Under the scheme, first home buyers with a deposit as small as 5% may be able to apply for a mortgage, which the government then acts as a guarantor assisting those with a low to middle income.

This is only available and supporting up to the first 10,000 successful and eligible applications each financial year.