{"id":19493,"date":"2019-06-17T10:54:57","date_gmt":"2019-06-16T22:54:57","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=19493"},"modified":"2019-06-17T10:54:57","modified_gmt":"2019-06-16T22:54:57","slug":"is-first-homebuyer-5pc-mortgage-deposit-scheme-for-real","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/is-first-homebuyer-5pc-mortgage-deposit-scheme-for-real\/","title":{"rendered":"Is first homebuyer 5pc mortgage deposit scheme for real?"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p><strong>PHOTO:\u00a0The First Home Loan Deposit Scheme was expected to half the time taken to drum up enough of a deposit to take out a mortgage.\u00a0<span class=\"image-source\"><em>Source: istock<\/em><\/span><\/strong><\/p>\n<p class=\"description\">Scomo looks set to become the ultimate sugar daddy to 10,000 young people off his $500m 5 per cent mortgage deposit scheme. Here\u2019s the lowdown on how to unpack that.<\/p>\n<div class=\"story-content\">\n<p class=\"standfirst-content\">Prime Minister Scott Morrison, aka Scomo, set a January 2020 start for his First Home Loan Deposit Scheme \u2014 an election promise designed to get first-timers into property earlier and cheaper.<\/p>\n<p>Scomo would become the ultimate sugar daddy, with the Federal Government stepping in as guarantor for approved applicants on \u201cthe additional loan amount taken out by the first homebuyer to cover the difference between the amount of the first homebuyer\u2019s deposit and 20 per cent of the value of the property\u201d.<\/p>\n<p>READ MORE VIA <a href=\"https:\/\/www.news.com.au\/finance\/real-estate\/brisbane-qld\/is-first-homebuyer-5pc-mortgage-deposit-scheme-for-real\/news-story\/af1cf69e2388c76bc9c17b3263918a27\">NEWS.COM.AU<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; PHOTO:\u00a0The First Home Loan Deposit Scheme was expected to<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/is-first-homebuyer-5pc-mortgage-deposit-scheme-for-real\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":19494,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478098512,478098521,478105441,478098566,478105764,478102189,478098519,478098535,478104813,478098513,478098579,478098510,478098514,478098511,478098509,478105714],"class_list":["entry","author-data123nz","post-19493","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-australia","tag-australians","tag-federal-government","tag-first-home-buyers","tag-first-home-loan-deposit-scheme","tag-first-homebuyer","tag-home-ownership","tag-house-prices","tag-prime-minister-scott-morrison","tag-property","tag-property-market","tag-property-news","tag-propertynoise","tag-real-estate","tag-real-estate-news","tag-scomo"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Is first homebuyer 5pc mortgage deposit scheme for real? 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