first home buyer deposit scheme

Calling all first home buyers!!!

The second round of the Federal Government’s first home buyer deposit scheme reopened yesterday for the first 10,000 applicants!

To qualify, first-home buyers will need to show that their taxable income is below $125,000 for individuals and $200,000 for couples. This can be demonstrated with a 2019-20 Notice of Assessment from the Australian Taxation Office. Those that qualify can apply for loans with only a 5% deposit and will not incur lenders’ mortgage insurance either.

Click to learn more