Additional FHLDS places now available
On Wednesday 3 February, the Australian Government announced around 1800 First Home Loan Deposit Scheme (FHLDS) places from the 2019-20 financial year would be rolled over into this current financial year.
Eligible first home buyers can now apply for one of these First Home Loan Deposit Scheme (FHLDS) places through a participating lender before 30 June 2021.
These Scheme places are part of the First Home Loan Deposit Scheme, not the FHLDS (New Homes) – the key difference being that the FHLDS guarantee can be used for eligible new and existing homes. Standard income and prior property ownership tests, and minimum age, citizenship, owner-occupier and deposit requirements still apply.
On 1 July 2021, another 10,000 FHLDS places will be available for the 2021-22 financial year.