{{propApi.title}}
{{propApi.text}} {{region}} Change location{{propApi.title}}
{{propApi.successMessage}} {{region}} Change location {{propApi.title}}
{{propApi.text}} {{region}} Change location{{propApi.title}}
{{propApi.successMessage}} {{region}} Change locationFirst Home Loan Deposit Scheme delivers on its promise: HIA
First Home Loan Deposit Scheme delivers on its promise: HIA
Member and guest login
Enter your email and password to access secured content, members only resources and discount prices.
Did you become a member online? If not, you will need to activate your account to login.
If you are having problems logging in, please call HIA helpdesk on 1300 650 620 during business hours.
Forgotten password
Need some help?
If you are having problems logging in, please call HIA helpdesk on 1300 650 620 during business hours.
If the email address you have entered is registered, you will receive an email with further instructions.
Become part of the HIA community
Enables quick and easy registration for future events or learning and grants access to expert advice and valuable resources.
Create a guest account
Enter your details below and create a login
The National Housing Finance Investment Corporation (NHFIC) has released its second annual report on the uptake of the First Home Loan Deposit Scheme (FHLDS), the New Home Guarantee and the Family Home Deposit Scheme
“The data released today shows that the Scheme continues to play an important role in assisting people struggling to save a deposit to purchase their first home,” said Kristin Brookfield HIA Chief Executive Industry Policy.
“Clearly the Scheme is delivering on its promise to help thousands of people that want to achieve home ownership make that dream a reality sooner. It has made a real and tangible difference in its first two years of operation and should be an option for first home buyers well into the future.
“The Scheme’s capacity to make a material improvement to the rate of home ownership amongst younger households is still limited by the annual cap on places, meaning many miss out and the scheme can’t reach its full potential.
“The combined contribution of the FHLDS, the New Home Guarantee, HomeBuilder and several state and territory programs in the last two years has lifted first home buyers to their largest market share in a decade.
“The data also shows that the Scheme has assisted a diverse range of households from all across the country to purchase their first home.
“But unfortunately there are far more first home buyers who meet the eligibility requirements who miss out because of the capped number of places.
“The alternative pathway to home ownership for those who miss out on a place in the Scheme is to hand over tens of thousands of dollars to purchase lenders mortgage insurance or wait another 4 to 6 years to save a larger deposit. This means either saving for longer or borrowing more.
“HIA has argued for a long time that the scheme must be expanded, but even more so now when APRA has just announced it will be tightening rules for assessing loan serviceability. This will hit aspiring first home buyers the hardest.
“Today’s NHFIC data adds further credence to HIA’s call that now more than ever, first home buyers should continue to be supported - a lift in the cap on places in Scheme should be seriously on the table,” concluded Ms Brookfield.
A plan for land is a plan for housing
“Adelaide, Brisbane and Perth are seeing residential land values grow at a rapid rate, while Sydney and Melbourne’s values remain relatively stable,” stated HIA Senior Economist Matt King.
New plumbing and drainage inspection procedures in Huntlee and-North Rothbury area
Plumbing and drainage inspections in the Huntlee and North Rothbury areas are moving from Cessnock City Council to Building Commission NSW.
BASIX transition period ending soon
The BASIX Transition period for eligible signed building contracts will end on 30 September 2024. BASIX Certificates must be generated by this date to apply the pre-1 October 2023 BASIX standards.
Lingering worker shortages see trade rates continue to rise
“As the number of new homes under construction continues to decline builders are reporting fewer difficulties scheduling skilled trades workers on their jobs, although availability of skilled workers remains worse than prior to the pandemic,” stated Geordan Murray, HIA Executive Director – Future Workforce.