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Government Scheme

5% Deposit Scheme Expansion for First Home Buyers

5% Deposit Scheme Expanded for First Home Buyers
The 5% Deposit Scheme has quietly become one of the most powerful tools for first home buyers – and the latest expansion is a genuine game-changer. From 1 October, the scheme now offers unlimited places and no longer has income caps. Eligible buyers can purchase with just a 5% deposit and avoid the large cost of lenders’ mortgage insurance (LMI). Provided the property sits under your locati...
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