Published 12 May 2021
Support for first home buyers
The number of first home buyers getting into the market is approaching the highest level since 2009, accounting for nearly 40% of new home loans, well above the 10-year average of around 30%1.
The great news for buyers is that the Federal Budget has introduced initiatives designed to help even more Australians buy their first home.
Extra places for First Home Loan Deposit Scheme
The First Home Loan Deposit Scheme (FHLDS) is an opportunity for eligible first home buyers to buy a first home with 5% deposit and no lenders mortgage insurance.