The Australian Government has released 40,000 new places under the Federal Government Home Guarantee Scheme (HGS).
From July 2022:
- 35,000 First Home Guarantees (formerly the First Home Loan Deposit Scheme) will be available each financial year for eligible first home buyers, up from 10,000 places in 2021/22.
- 5,000 Family Home Guarantees will be available for eligible single parents with at least one dependent child each financial year until 30 June 2025.
- Property price cap increases for cities and regions will come into effect.
- Five additional non-major lenders have been appointed to the Scheme’s lender panel, bringing the total number of participating lenders up to 32.
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Raiz Home Ownership is here to help First Home Buyers. If you would like to find out more about Raiz Home Ownership, please contact the team at email@example.com, or register your interest.
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Home loans are subject to approval from the lending institution and Raiz Home Ownership makes no warranties as to the success of an application until all relevant information has been provided.
Raiz Home Ownership Pty Ltd (ABN 14 645 876 937), an Australian Credit Representative number 528594 under Australian Credit Licence number 387025. Raiz Home Ownership Pty Ltd is 100% owned by Raiz Invest Australia Limited (ABN 26 604 402 815).