Business
First Home Buyer Deposit Scheme to open to another 10,000 people – 7NEWS.com.au
The federal government’s First Home Loan Deposit Scheme will be extended to allow more Australians to benefit when buying a new or newly built home.
Another 10,000 first home buyers will only have to save a five per cent deposit thanks to an extension of a federal government scheme.
The First Home Loan Deposit Scheme will be available from budget night next Tuesday to June 30 next year.
It allows first home buyers to obtain a loan for a new or newly built home with a deposit of as little as five per cent, with the government guaranteeing up to 15 per cent of the loan.
The scheme has already helped close to 20,000 first home buyers.
Treas…
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