{"id":65094,"date":"2019-11-07T05:48:47","date_gmt":"2019-11-06T18:48:47","guid":{"rendered":"https:\/\/timesnewsgroup.com.au\/goldenplains\/?p=65094"},"modified":"2019-11-06T15:43:04","modified_gmt":"2019-11-06T04:43:04","slug":"support-for-next-steps-on-first-home-loan-deposit-scheme","status":"publish","type":"post","link":"https:\/\/timesnewsgroup.com.au\/goldenplains\/real-estate\/support-for-next-steps-on-first-home-loan-deposit-scheme\/","title":{"rendered":"Support for next steps on First Home Loan Deposit Scheme"},"content":{"rendered":"<p style=\"text-align: center;\"><strong>WITH housing a national priority, the Housing Industry Association has welcomed the Senate passing legislation that will facilitate the next step in making the First Home Loan Deposit Scheme a reality.<\/strong><\/p>\n<p>HIA Managing Director Graham Wolfe says that the bill\u2019s passage means that the National Housing Finance and Investment Corporation will be able to offer the deposit guarantees that underpin the First Home Loan Deposit Scheme.<\/p>\n<p>\u201cThe legislation also establishes a new housing research function within NHFIC, which is supported by $25 million in funding, to examine housing demand, supply and affordability,\u201d he said.<\/p>\n<p>\u201cHIA has long argued that there needs to be a national approach to helping first home buyers enter the market and to address the time that saving a deposit now takes.<\/p>\n<p>\u201cFirst home buyers are concerned about the time it takes to save a 20 per cent deposit and the added upfront cost of mortgage insurance when seeking a loan with less than 20 per cent deposit.<\/p>\n<p>Mr Wolfe said there were a impediments, like stamp duty, securing finance and saving for a deposit, to people buying their first home and that\u2019s where the recent Senate changes can help.<\/p>\n<p>\u201cThis Scheme can make a real difference, HIA estimates show that the Scheme could save an average first home buyer with less than 20 per cent deposit tens of thousands of dollars over the life of their loan,\u201d he said.<\/p>\n<p>\u201cHelping 10,000 first home buyers a year achieve their home ownership dream sooner, by providing a guarantee to support eligible buyers approach a lender with a deposit of 5 per cent or more, will take some of this pressure off.<\/p>\n<p>With research showing that half of all renters believe they will never afford to buy a home even though over 90 per cent of renters would like to, they are set to be big winners from FHLDS.<\/p>\n<p>\u201cRenters will also benefit from the Scheme as more new houses and more homeowners mean more supply and less pressure on rental prices,\u201d Mr Wolfe said.<\/p>\n<p>\u201cIt is widely accepted that long term, secure and stable housing tenure helps people achieve many of their life goals, and that home ownership matters to the wellbeing of the economy and the community concluded.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>WITH housing a national priority, the Housing Industry Association has welcomed the Senate passing legislation that will facilitate the next step in making the First Home Loan Deposit Scheme a reality. HIA Managing Director Graham Wolfe says that the bill\u2019s passage means that the National Housing Finance and Investment Corporation will be able to offer [&#8230;]<\/p>\n<p><a class=\"btn btn-secondary understrap-read-more-link\" href=\"https:\/\/timesnewsgroup.com.au\/goldenplains\/real-estate\/support-for-next-steps-on-first-home-loan-deposit-scheme\/\">Read More&#8230;<\/a><\/p>\n","protected":false},"author":129,"featured_media":65095,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[29],"tags":[],"post_folder":[],"class_list":["post-65094","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Support for next steps on First Home Loan Deposit Scheme - Golden Plains Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/timesnewsgroup.com.au\/goldenplains\/real-estate\/support-for-next-steps-on-first-home-loan-deposit-scheme\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Support for next steps on First Home Loan Deposit Scheme - Golden Plains Times\" \/>\n<meta property=\"og:description\" content=\"WITH housing a national priority, the Housing Industry Association has welcomed the Senate passing legislation that will facilitate the next step in making the First Home Loan Deposit Scheme a reality. HIA Managing Director Graham Wolfe says that the bill\u2019s passage means that the National Housing Finance and Investment Corporation will be able to offer [...]Read More...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/timesnewsgroup.com.au\/goldenplains\/real-estate\/support-for-next-steps-on-first-home-loan-deposit-scheme\/\" \/>\n<meta property=\"og:site_name\" content=\"Golden Plains Times\" \/>\n<meta property=\"article:published_time\" content=\"2019-11-06T18:48:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/timesnewsgroup.com.au\/goldenplains\/wp-content\/uploads\/sites\/23\/2019\/11\/First-Home-Loan-Deposit-Scheme-image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1400\" \/>\n\t<meta property=\"og:image:height\" content=\"642\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"The Ballarat Times\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"The Ballarat Times\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/goldenplains\\\/real-estate\\\/support-for-next-steps-on-first-home-loan-deposit-scheme\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/goldenplains\\\/real-estate\\\/support-for-next-steps-on-first-home-loan-deposit-scheme\\\/\"},\"author\":{\"name\":\"The Ballarat Times\",\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/goldenplains\\\/#\\\/schema\\\/person\\\/4301f908d92f821f2752c965ef566687\"},\"headline\":\"Support for next steps on First Home Loan Deposit Scheme\",\"datePublished\":\"2019-11-06T18:48:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/goldenplains\\\/real-estate\\\/support-for-next-steps-on-first-home-loan-deposit-scheme\\\/\"},\"wordCount\":376,\"publisher\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/goldenplains\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/goldenplains\\\/real-estate\\\/support-for-next-steps-on-first-home-loan-deposit-scheme\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/static.timesnewsgroup.com.au\\\/prod\\\/uploads\\\/sites\\\/23\\\/2019\\\/11\\\/First-Home-Loan-Deposit-Scheme-image.jpg\",\"articleSection\":[\"Real Estate\"],\"inLanguage\":\"en-AU\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/goldenplains\\\/real-estate\\\/support-for-next-steps-on-first-home-loan-deposit-scheme\\\/\",\"url\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/goldenplains\\\/real-estate\\\/support-for-next-steps-on-first-home-loan-deposit-scheme\\\/\",\"name\":\"Support for next steps on First Home Loan Deposit Scheme - Golden Plains Times\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/goldenplains\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/goldenplains\\\/real-estate\\\/support-for-next-steps-on-first-home-loan-deposit-scheme\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/goldenplains\\\/real-estate\\\/support-for-next-steps-on-first-home-loan-deposit-scheme\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/static.timesnewsgroup.com.au\\\/prod\\\/uploads\\\/sites\\\/23\\\/2019\\\/11\\\/First-Home-Loan-Deposit-Scheme-image.jpg\",\"datePublished\":\"2019-11-06T18:48:47+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/goldenplains\\\/real-estate\\\/support-for-next-steps-on-first-home-loan-deposit-scheme\\\/#breadcrumb\"},\"inLanguage\":\"en-AU\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/timesnewsgroup.com.au\\\/goldenplains\\\/real-estate\\\/support-for-next-steps-on-first-home-loan-deposit-scheme\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-AU\",\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/goldenplains\\\/real-estate\\\/support-for-next-steps-on-first-home-loan-deposit-scheme\\\/#primaryimage\",\"url\":\"https:\\\/\\\/static.timesnewsgroup.com.au\\\/prod\\\/uploads\\\/sites\\\/23\\\/2019\\\/11\\\/First-Home-Loan-Deposit-Scheme-image.jpg\",\"contentUrl\":\"https:\\\/\\\/static.timesnewsgroup.com.au\\\/prod\\\/uploads\\\/sites\\\/23\\\/2019\\\/11\\\/First-Home-Loan-Deposit-Scheme-image.jpg\",\"width\":1400,\"height\":642,\"caption\":\"New legislation will facilitate the next step in making the First Home Loan Deposit Scheme a reality. 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