Home ownership: Australian Government home buyer assistance
The Australian Government supports eligible home buyers to purchase a home sooner through several programs operating during 2021–22; the First Home Loan Deposit Scheme (FHLDS), the New Home Guarantee (NHG) and the Family Home Guarantee (FHG).
The FHLDS is an Australian Government initiative to support up to 10,000 eligible first home buyers to purchase their first home each financial year. The NHG is an additional initiative first launched in November 2020 which supports an additional 10,000 eligible first home buyers build a new dwelling or purchase a newly built dwelling each financial year. The FHG is an Australian Government initiative first launched in July 2021 which supports an additional 10,000 eligible single parents with dependants to build a new dwelling or purchase a newly built dwelling over four financial years. These programs are administered by the National Housing Finance and Investment Corporation (NHFIC), a corporate Commonwealth entity.
See https://www.nhfic.gov.au/research/fhlds-trends-and-insights-report-2021-22 for further information, including latest statistics by LGA and trends and the full report First Home Loan Deposit Scheme Trends and Insights Report 2021–22.