{"id":21688,"date":"2019-10-28T16:45:16","date_gmt":"2019-10-28T03:45:16","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=21688"},"modified":"2019-10-28T16:45:16","modified_gmt":"2019-10-28T03:45:16","slug":"how-to-buy-your-first-home-with-5-percent-deposit","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/how-to-buy-your-first-home-with-5-percent-deposit\/","title":{"rendered":"How to buy your first home with 5 percent deposit"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p><strong>PHOTO:\u00a0Treasurer John Frydenberg and Housing Minister Michael Sukkar released the government&#8217;s draft\u00a0Investment Mandate for the First Home Loan Deposit Scheme.<\/strong><\/p>\n<p>First-home buyers wanting to buy next year using the federal government&#8217;s new home loan deposit scheme will be limited to properties sold for less than $700,000 in Sydney and $600,000 in Melbourne.<\/p>\n<p>First home buyers in Queensland will be able to purchase properties in Brisbane up to $475,000 in value.<\/p>\n<p>The scheme to be known as\u00a0the First Home Loan Deposit Scheme\u00a0will apply to owner-occupied loans on a principal and interest basis.<\/p>\n<p>Property price caps under the scheme set appropriate price thresholds in capital cities, large regional centres with a population over 250,000 and regional areas.<\/p>\n<p>The capital city price caps will also apply to large regional centres with a population in excess of 250,000, namely the Gold Coast, Newcastle and Lake Macquarie, the Sunshine Coast, Illawarra (Wollongong) and Geelong.<\/p>\n<p>READ MORE VIA <a href=\"https:\/\/www.propertyobserver.com.au\/finding\/residential-investment\/1st-home-buyer\/105737-how-to-buy-your-first-home-with-5-percent-deposit.html\">PROPERTY OBSERVER<\/a><\/p>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script><br \/>\n<ins class=\"adsbygoogle\" style=\"display: block;\" data-ad-format=\"autorelaxed\" data-ad-client=\"ca-pub-6145729223818696\" data-ad-slot=\"4282549428\"><\/ins><\/p>\n<p><script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; PHOTO:\u00a0Treasurer John Frydenberg and Housing Minister Michael Sukkar released<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/how-to-buy-your-first-home-with-5-percent-deposit\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":21689,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478107423,478098512,478098521,478098566,478098542,478098519,478098535,478106366,478098522,478107425,478106367,478098543,478098513,478098873,478098579,478098510,478098514,478098511,478098509,478107424],"class_list":["entry","author-data123nz","post-21688","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-5-percent-deposit","tag-australia","tag-australians","tag-first-home-buyers","tag-home-loans","tag-home-ownership","tag-house-prices","tag-housing-minister","tag-interest-rates","tag-john-frydenberg","tag-michael-sukkar","tag-mortgages","tag-property","tag-property-investment","tag-property-market","tag-property-news","tag-propertynoise","tag-real-estate","tag-real-estate-news","tag-treasurer"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - 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