{"id":25858,"date":"2020-06-21T11:36:03","date_gmt":"2020-06-20T23:36:03","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=25858"},"modified":"2020-06-21T11:36:03","modified_gmt":"2020-06-20T23:36:03","slug":"first-home-buyers-get-another-chance","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/first-home-buyers-get-another-chance\/","title":{"rendered":"First-home buyers get another chance"},"content":{"rendered":"

PHOTO: First-home buyers have another chance to take advantage of the Federal Government\u2019s First Home Loan Deposit Scheme. Picture: iStock. Source: Supplied<\/em><\/span><\/strong><\/p>\n

The Federal Government\u2019s First Home Loan Deposit Scheme<\/a> has been fully reserved, but for those who missed out, a further 10,000 places will be made available in two weeks\u2019 time.<\/p>\n

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The figures on the scheme show 5500 guarantees have already been used to purchase properties, with a further 4500 still in the process of finding their first home.<\/p>\n<\/div>\n

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\"Suzi<\/a><\/div>\n
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Block Star Suzi Taylor, 49, is back in jail<\/a><\/h2>\n<\/header>\n<\/div>\n

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The makeup shows just who are first-home buyers in the current era. Around a third of recipients have been for NSW buyers. Some 70 per cent are buying houses.<\/p>\n

Some 59 per cent are singles earning an average of $67,387, the Housing Minister and Assistant Treasurer Michael Sukkar recently noted.<\/p>\n

There are 41 per cent of applicants who are couples on a combined average income of $109,525.<\/p>\n

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\"Prime<\/div>\n

Prime Minister Scott Morrison unveiled the scheme in the final week of his re-election campaign last May. (AAP Image\/Mick Tsikas) Source:AAP<\/span><\/strong><\/em><\/p>\n<\/div>\n

That\u2019s considerably less than the limit of $125,000 a year for singles, or $200,000 a year for couples, with wages based on earnings from the last financial year.<\/p>\n

Some 58 per cent are aged under 30 years with some 12 per cent over 40 years old, a clear indication the scheme is helping those who may have struggled in the past to get a deposit together.<\/p>\n

Based on the data from the National Housing Finance and Investment Corporation, which is administering the scheme, there is a nice mix for the scheme that Prime Minister Scott Morrison unveiled in the final week of his re-election campaign last May.<\/p>\n

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