Fantastic news for prospective home buyers with First Home Loan Deposit Scheme (FHLDS) updates for the 2020-21 financial year.
Announced as part of the 2020-21 Federal Budget, the Australian Government has committed an additional 10,000 places, totalling 20,000 places for this financial year, for eligible first home buyers to take advantage of. This allows those eligible to purchase a new home with a deposit of as little as 5% of the total cost.
There are a number of eligibility criteria to meet for any prospective purchasers to help assess for lenders whether you qualify. To learn more about what is required, click here.
If you have any questions regarding how this can help you purchase your new home, click here or get in touch with our sales team directly on 1300 001 687 or simply email email@example.com.