Regional first-home buyer scheme about to kick in
A measure of relief is set to take effect for first-home buyers in regional areas, with a new Federal Government scheme offering thousands of new places within days.
Buying a property in regional Australia is about to become just a little bit more achievable for thousands of first-home buyers. (Image source: Shutterstock.com)
From Saturday 1 October 2022, 10,000 new places will be available under the Australian Government’s Home Guarantee Scheme (HGS), helping thousands more Australians living in regional areas to enter the housing market sooner.
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 5 per cent.
To be eligible, home b…
