First home buyers are entering the market sooner with First Home Loan Deposit Scheme



New data released by the Federal Government has shown that first home buyers are now able to enter the market four years earlier than previously planned.

The data shows that one-eighth of all first home buyers who purchased a home between March and June 2020 did so using the First Home Loan Deposit Scheme. 

The first home loan deposit scheme was launched on January 1 2020 by the Federal Government to help first home buyers secure a home loan with a deposit as little as 5% while avoiding the high cost of Lenders Mortgage Insurance (LMI).

Read Full : First home buyers are entering the market sooner with First Home Loan Deposit Scheme

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