12 Sep 2019 Supporting first home buyers
On 12 September 2019, the Government introduced legislation (the National Housing Finance and Investment Corporation Amendment Bill 2019) to implement the First Home Loan Deposit Scheme and the National Housing Finance and Investment Corporation's (NHFIC) new research function.
The First Home Loan Deposit Scheme will help first home buyers enter the property market sooner, by providing 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%. The Scheme will support 10,000 first home buyers each financial year.
Read more here.