FHB boom
3,000 potential first homebuyers were registered by banks in the month of January.
That leaves 7,000 places for the First Home Loan Deposit Scheme (FHLDS) available from 1 February 2020.
25 smaller lenders will join the Scheme’s lending panel on 1 February.
3,000 potential first homebuyers were registered by banks in the month of January.
That leaves 7,000 places for the First Home Loan Deposit Scheme (FHLDS) available from 1 February 2020.
25 smaller lenders will join the Scheme’s lending panel on 1 February.
Note that a further 10,000 places will be made available from 1 July 2020, according to the NHFIC.
The early indicators of take-up for the FHLDS appear to be solid, suggesting that first homebuyers have taken note of rising prices since June 2019.
This will add a sense of urgency for first-timers, and will likely send the number of first homebuyers in the market to the highest level sinceRuddPrime the tail-end of the Rudd stimulus.
This will add a sense of urgency for first-timers, and will likely send the number of first homebuyers in the market to the highest level since
