Family Home Guarantee & a new batch of First Home Loan Deposit Scheme places - launch today

A little beleaguered this year, our favourite Uncle Scomo wants to guarantee part of your loan again - releasing 30,000 new guarantees to help you own your first home sooner:

  • 10,000 First Home Loan Deposit Scheme places for established (think second hand) properties

  • 10,000 First Home Loan Deposit Scheme places for new homes (building or buying something newly built)

  • and 10,000 places in the brand new Family Home Guarantee Scheme.

This means, with as little as 5% deposit + "enough" money to cover your stamp duty (if there is any for you) and legal fees you can buy your first home without mortgage insurance, with economic interest rates - and no need to lean on mum and dad.

Or, if you're a single parent - 2% deposit and "enough" money to cover stamp duty (if any) and legal fees sees you sitting pretty.

In both instances, of course, there are strict criteria and you have to meet the bank policy on affordability but they are still seriously cool opportunities. Some of the criteria: