... 🏠, 10,000 places available under the regional first home buyer guarantee

Published: Sat, 10/22/22

Hi ,

From Saturday 1 October 2022, 10,000 new places were made available under the Australian Government’s Home Guarantee Scheme (HGS). The new Regional First Home Buyer Guarantee (RFHBG) supports eligible first home buyers living in regional areas to purchase a modest home in a regional area with a deposit of as little as five per cent.

The Home Guarantee Scheme is an Australian Government initiative to support eligible home buyers to purchase a home sooner. The Scheme is administered by the National Housing Finance and Investment Corporation (NHFIC) on behalf of the Australian Government. The HGS includes:

The First Home Guarantee (FHBG) - to support to eligible first home buyers to buy their first home sooner, with a deposit as little as 5%. 35,000 places are available each financial year.
The Regional First Home Buyer Guarantee (RFHBG) - to support eligible regional first home buyers to buy a home in a regional area. From 1 October 2022, 10,000 places are available each financial year to 30 June 2025.
The Family Home Guarantee (FHG) - to support eligible single parents with at least one dependent child to buy a home, with a deposit as little as 2%. 5,000 places are available each financial year to 30 June 2025.

Under the HGS, part of an eligible home buyer's home loan from a Participating Lender is guaranteed by NHFIC. This enables an eligible home buyer to purchase a home with a deposit between 2-5%, without paying Lenders Mortgage Insurance.

NHFIC has authorised a panel of 32 participating lenders to offer the HGS to home buyers.

To apply, find out more information here.

Already have your paperwork in place? Give Chamberlain Property Advocates a call on 03 9686 2288 today. We are here to help. We offer a free consultation, so why not call today?

Book a time to chat now

In a market like this one, I’d want someone in my corner that I could trust, representing my best interests.

Wouldn't you?

I’m here to help.

Need a hand? Contact Wendy here

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What our happy clients have to say...

We love hearing what our happy clients have to say about their experiences with Chamberlain Property Advocates. We helped Christina and Lincoln purchase their first home.

Here is what Christina and Lincoln had to say about their experience of working with a Buyers Advocate:

“Working with Wendy to buy our first home was a great experience. We felt like we had great communication, were always in the know of what we needed to know about buying a property. Wendy was able to work around our shift schedule, which made it easier for us. It was very smooth from the get-go. Wendy and the team were on top of everything from our first meeting, and we were able to buy our home within a few weeks. We felt very comfortable when talking with Wendy and the other team members. It was good to have that communication every step of the way and it put us at ease."

Christina & Lincoln

At Chamberlain Property Advocates, we find it immensely satisfying working with buying and selling clients alike. We helped Christina and Lincoln with purchasing their first home, to make it easy and stress-free. Let us help you too!

Hear what our other happy clients have to say

4/34 Linacre Drive, Bundoora VIC

Our client is selling in Bundoora. Check out the listing below.

Check the Listing Here!

Wendy's Tips

"Make sure that you get a contract check before you look to buy any particular property. There's lots of 'gotchas' that can appear in a contract and a good solicitor or conveyancer will be able to review the contract for you and let you know whether you've got the green light to go ahead and buy that property."

Wendy Chamberlain, Buyer's Advocate

Wendy in the media

Recently, Wendy shared with Rachel Horan about whether to sell your investment property to a tenant.

Read article here

Where is Wendy speaking next?

Wendy Chamberlain has been invited back as a guest speaker for Midday Panorama with Vilma Formosa on the 2nd December. Tune in to North West FM to hear Wendy discuss the current property market.

Find out how to Listen In here

As we progress through Spring, now is certainly a great time to be buying a home. Not sure what to do and need a helping hand with your next property step? It pays to have an expert in your corner.

Whether you're a first time buyer, looking to sell your home or buy your next one, I'm here to support you.

Please call the office on 03 9686 2288, book a time to chat here or send an email to [email protected] and we can make a time for a confidential chat. Obligation free!

I'd love to help and make things easy for you too.

With gratitude,

GPO Box 2000
Melbourne VIC 3001
AUSTRALIA

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