Business
First-home buyers purchasing with deposits under $30,000 using First Home Loan Deposit Scheme – Domain News
Some have been snapping up properties with little saved under a scheme that allows them to get into the market with just a 5 per cent deposit.
First-home buyers have been snapping up properties with less than $30,000 saved, under a government scheme that allows them to buy with just a 5 per cent deposit, new figures show.
Median deposit sizes across Australia were as low as $15,500 for first-home buyers in Tasmania, who used the federal government’s First Home Loan Deposit Scheme to get into the market in the first half of 2020.
Over the first six months of the scheme open to 10,000 first-home buyers each financial year first-home b…
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