Buying your first home may be closer than you think.
The Australian Government 5% Deposit Scheme helps eligible first home buyers purchase a home with a minimum 5% deposit, without the cost of Lenders Mortgage Insurance.
There are now no income caps, unlimited places and no waiting list, making the scheme accessible to more Australian first home buyers.
To be eligible, buyers generally need to be an Australian citizen or permanent resident, be at least 18 years old, purchase an eligible owner-occupied property within the applicable price cap and meet their participating lender’s lending requirements.
The Sunshine Coast currently has a property price cap of up to $1,000,000 under the scheme, giving first home buyers more choice when searching for their first property.
Our team at Ray White Palmwoods can help you understand the local market, identify suitable properties and guide you through the buying process.
Explore properties for sale or speak with our team about finding your first home.
Eligibility criteria and property price caps apply. Buyers should obtain independent financial advice and confirm their eligibility with a participating lender.