A new government initiative for first home buyers has launched today. 10,000 first home buyers across Australia will be able to buy their first home using only a 5% deposit, and not requiring mortgage insurance. At this stage, only two lenders are permitted to offer these loans. In February, 25 non-major lenders will also offer these loans.
You may be eligible if you can satisfy all of the following criteria: 1. You have never owned property in Australia 2. You earn under 1