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In 2019 the Australian Government announced a new initiative designed to support eligible first home buyers purchase a home sooner. It does this by providing a guarantee that will allow eligible first home buyers on low and middle income to purchase a home with a little as 5%. The scheme will start in January 2020 and will support up to 10 000 loans each financial year.

Eligibility –

  • the scheme is open to Australian citizens over 18 years old. Permanent residents cannot apply.
  • Income thresholds apply – $125 000 Singles and $200 000 Couples.
  • Applicants must intend to live in the property as their principle place of residence.
  • Property Price thresholds apply in each State or Territory.
  • Other Conditions apply – Please contact Central Lending Solutions

How to Apply –

To view the list of participating lenders please contact Central Lending Solutions. We can guide you thru the process.

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