New first home buyers scheme 2020
The Government has just revealed the new First Home Loan Deposit Scheme, allowing low and middle-income earners to purchase a property with a deposit as little as 5 percent.
The Scheme will support up to 10,000 loans each financial year, starting from 1 January 2020.
Applicants will be subject to eligibility criteria, including having taxable incomes up to $125,000 per annum for singles and up to $200,000 per annum for couples.
Property price caps depending on where you buy, here is the property price caps for capital cities: