The Federal Government has announced it will introduce a First Home Loan Deposit Scheme to support eligible first home buyers purchase a home faster.
The Scheme is expected to commence on 1 January 2020 and will be operated by the National Housing Finance and Investment Corporation (NHFIC).
- Applications for the Scheme are not yet open.
- NHFIC will provide further information about the detail of the Scheme including eligibility; participating financial institutions; application and assessment processes; and updates on implementation of the new Scheme in due course.
- NHFIC will also be consulting with financial institutions and other key stakeholders leading up to the commencement of the scheme.
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