First Home Loan Deposit Scheme (FHLDS)
Supporting first home buyers : ↓
The First Home Loan Deposit Scheme is an initiative of the Australian government to facilitate the purchase of a home by qualifying first home buyers.
It does this by offering a guarantee that allows qualifying first-time home buyers on middle and lower income to buy a home with such a deposit of as little as 5%.
Starting 1 January 2020, the Program will fund up to 10,000 loans every financial year.