{"id":24938,"date":"2020-04-28T10:45:09","date_gmt":"2020-04-27T22:45:09","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=24938"},"modified":"2020-04-28T10:45:09","modified_gmt":"2020-04-27T22:45:09","slug":"first-home-buyers-snapping-up-property-with-first-home-loan-deposit-scheme-despite-coronavirus-crisis","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/first-home-buyers-snapping-up-property-with-first-home-loan-deposit-scheme-despite-coronavirus-crisis\/","title":{"rendered":"First-home buyers snapping up property with First Home Loan Deposit Scheme despite coronavirus crisis"},"content":{"rendered":"\n

PHOTO: Rayen Gouli and wife Sabina Lama outside their first home. Photo: Stephen McKenzie<\/strong> <\/p>\n\n\n\n

It\u2019s not a tale told often but Rayen Gouli and his wife Sabina Lama bought their first home much sooner than they expected to.<\/p>\n\n\n\n

The couple were one of thousands of first-home buyers approved for the federal government\u2019s First Home Loan Deposit Scheme that was introduced in January.<\/p>\n\n\n\n

The scheme allowed the couple to buy their three-bedroom home in the Melbourne suburb of Wollert with a 5 per cent deposit with the federal government as a guarantor for the remaining 15 per cent \u2013 meaning they didn\u2019t need to pay lender\u2019s mortgage insurance. <\/p>\n\n\n\n

\"Sir<\/a><\/figure>\n\n\n\n

Sir John Key buys waterfront Sydney pad and lists it next day<\/a><\/h2>\n\n\n\n

\u201cOur timeline for saving was brought forward by about eight to 12 months,\u201d Mr Gouli told Domain. <\/em><\/p>\n\n\n\n

Of the 10,000 places available, the latest statistics from federal Minister for Housing Michael Sukkar show that nationally 4147 certificates have been issued for those who have already bought a property.<\/p>\n\n\n\n

A further 3909 places are on hold waiting for the purchase of a property while only 1944 places are still available. However, they may not be around for much longer, with applications via 27 different lenders still being worked through.<\/p>\n\n\n\n

READ MORE VIA DOMAIN<\/a><\/p>\n\n\n\n

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