The Australian Government has announced around 1,100 unused First Home Buyer Guarantee (FHBG) places from the 2021-22 financial year will be rolled over into this current financial year.
NHFIC will make these new places available from Thursday 24 November 2022, taking the total FHBG places available in 2022-23 to over 36,000.
Eligible first home buyers can apply for one of these FHBG places through a participating lender before 30 June 2023.
FHBG places are part of the Home Guarantee Scheme, an Australian Government initiative to support eligible home buyers to purchase a home sooner. Standard income and prior property ownership tests, and minimum age, citizenship, owner-occupier and deposit requirements still apply.
On 1 July 2023, another 35,000 FHBG places will be available for the 2023-24 financial year.