As of the 1st of July 2022 there are 40,000 new places that are now available under the Home Guarantee Schemes that may benefit you and help you get in to the property market sooner than you thought.

The two Schemes are known as:

First Home Guarantee (FHBG) – this was previously known as the First Home Loan Deposit Scheme (FHLDS)

Family Home Guarantee (FHG)

The number of spots available under the schemes has increased to 40,000 and have been allocated as follows – 35,000 spots have been allocated to the First Home Guarantee & 5,000 spots have been allocated to the First Home Guarantee.

Under the schemes there is a cap on the price of the property you purchase which has now increased from previous years and the number of lenders that are offering these schemes have also increased this year, offering homebuyers greater choice.

To find out more information about each scheme please see the below links.