More First Home Buyers Tap The Government To Enter The Property Market...

October 12, 2023 00:06:49
More First Home Buyers Tap The Government To Enter The Property Market...
Digital Finance Analytics (DFA) Blog
More First Home Buyers Tap The Government To Enter The Property Market...

Oct 12 2023 | 00:06:49

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Show Notes

Growing difficulty entering the housing market has led to the most first home buyers tapping into the federal government’s Home Guarantee Scheme since its inception four years ago, according to the National Housing Finance and Investment Corporation. The scheme, which offers three types of guarantees, allows first home buyers to purchase a home with a minimum deposit of 5 per cent to avoid paying mortgage lenders’ insurance. The remaining amount for a 20 per cent deposit – which is required to be exempt from paying the insurance – is guaranteed by the federal government. The number of first home buyers […]

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