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{{propApi.successMessage}} {{region}} Change locationFirst Home Loan Deposit Scheme delivers on its promise: HIA
First Home Loan Deposit Scheme delivers on its promise: HIA
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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.
Detached house approvals picking up
“There were 9,490 detached homes approved in the month of April 2025, up by 3.3 per cent compared to the previous month,” stated HIA Senior Economist Maurice Tapang.
State Budget is a missed opportunity to stimulate housing
The Treasurer has handed down the 2025/26 Tasmanian Budget. The Budget focuses on alleviating cost of living pressures, health, education and infrastructure, while mapping out a path to a fiscal balance surplus in 2032/2033.
HIA supports bipartisan approach to planning reform NSW
“The NSW planning system has failed to deliver the number of homes we desperately need and we fully support removing the politics from housing, to address this growing crisis,” said Brad Armitage, HIA Executive Director NSW.
Opposition pledge to remove stamp duty for first home buyers welcomed (Vic)
The Victorian Opposition’s announcement that it would remove stamp duty for first-home buyers spending up to $1 million on a new or existing home if elected at next year’s state election, is a positive step towards improving home affordability,” says Steven Wojtkiw, HIA Victoria Deputy Executive Director.