Record low interest rates and government assistance have helped support buyer confidence and the housing market more generally throughout the COVID-19 pandemic. First home buyers have been front and centre of the economic recovery, recording their highest proportion of all owner-occupier buyers in over a decade over the course of 2020–21. This has been underpinned by record amounts of monetary and fiscal support, including the Government’s Homebuilder program, various state and territory programs, as well as two low-deposit home loan guarantee initiatives for first home buyers, the:
More recently, the Government also introduced the Family Home Guarantee (FHG), offering eligible single parents with dependants the opportunity to purchase a new home with a deposit as low as 2%.
The first report on the operation of the FHLDS between 1 January 2020 to 30 June 2020 was published in August 2020. This report provides an annual snapshot of the operation of the FHLDS and the NHG for the 12 months from 1 July 2020 to 30 June 2021, as well as broader trends since the scheme’s initial implementation on 1 January 2020.