Business
Deposit carrot for first home buyers as scheme extended – NEWS.com.au
Deposit carrot for first home buyers as scheme extended
First home buyers will be spared thousands of dollars in mortgage insurance under the extension of a government scheme. An additional 10,000 buyers will be able to build or purchase a new home with only a five per cent deposit from Tuesday.
Buyers usually need a deposit of 20 per cent or have to pay lenders mortgage insurance.
But under the First Home Loan Deposit Scheme, additional loan guarantees of up to 15 per cent will be available until June 30 for eligible buyers.
Treasurer Josh Fryden…
-
General16 hours agoFrom jackaroo to ‘Golden Tonsils’ radio titan: the life and career of John Laws
-
General19 hours agoMajority of Australia’s first Ashes Test squad to feature in Sheffield Shield round four
-
General21 hours agoAustralia beats New Zealand 40-8 to defend Women’s Pacific Cup crown
-
General12 hours agoSuper Typhoon Fung-wong makes landfall in the Philippines