Aussie Home Loans’ guidance about the First Home Loan Deposit Scheme

Want to buy a house? Most would say ‘lol, good luck’, but that doesn’t necessarily need to be the case; if you know what you’re doing and take the time to plan. One of the big wigs at Aussie Home Loans has some insights into new research that’s come out, highlighting the impact of confusion and uncertainty on the ability of aspiring first home buyers to realise their property ownership ambitions; with the array of grants and schemes intended to create greater opportunity seemingly adding to the complexity. Turns out 7-in-10 first home buyers want to take advantage of the current market conditions but don’t know how – and have a small freak out because of it. It’s hard to understand and even more difficult to get the confidence to bite the bullet, despite heaps of initiatives being developed to help first home buyers get on the property ladder. But it doesn’t need to be this way. As part of a new haul of research Aussie’s done, there’s a lot to know about looking before you leap and that comes in the form of a friendly little scheme by the government. Read on for more. As the next round of 10,000 applications under the First Home Loan Deposit Scheme (FHLDS) for the next financial year becomes available, enabling first home buyers to put down just 5 percent of the deposit needed, the findings showed a worryingly high proportion of first home buyers – over 8 in 10 – are not clear on what the scheme… Read More