Published on 31/08/2020
This research report by NHFIC - First Home Loan Deposit Scheme - Trends and Insights – provides a detailed snapshot of the First Home Loan Deposit Scheme (FHLDS) for the first six months of its operation, from 1 January 2020 to 30 June 2020.
As at 30 June 2020, 10,000 Scheme places had been allocated. Of these, 6,814 participants had either signed a contract or settled on their home, while the remaining 3,186 were at the loan pre-approval stage and still looking for a property.
The Scheme has experienced strong demand and supported a broad cross-section of Australians purchasing their first home. This includes people of all ages across metro and regional areas around Australia, and those who have moderate taxable incomes. The Scheme is also supporting key workers, such as teachers and nurses, to access the housing market sooner.