With interest rates increasing and uncertainty in the market, it is wonderful that there is some great news to share for first home buyers!

The Federal Government have extended their guarantee scheme to allow first home buyers to get in to the market with as little as a 5% deposit, and they don’t have to pay Lenders Mortgage Insurance (LMI). The scheme has previously helped over 30,000 first home buyers, and on the 1st of July another 35,000 places were made available.

In other great news, the property price thresholds have been increased to be more inline with current market conditions. All other eligibility criteria has remained the same –  to find out more, please copy & paste the below link, which will take you straight to the Australian Government information page on this scheme:

https://www.nhfic.gov.au/what-we-do/support-to-buy-a-home/first-home-guarantee/

Although rates are on the rise and affordability is becoming more of a topic of discussion, this Government scheme for first home buyers is a wonderful way to enter the market sooner! Think this scheme could benefit you? Get in contact with us for a referal to our trusted broker, Anish Prasad. Text 0427 374 117 "Broker" and we will send through his details straight to you!