First Home Owners Deposit – All You Need to Know

20-Feb-2020 11:17:34 Share this:
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 Loan Advice, First time homeowner, Buying a property in Australia