“The federal government will allow an additional 10,000 first home buyers to obtain a loan to build or purchase a newly-built home with a deposit of as little as 5 per cent, via an extension of the First Home Loan Deposit Scheme”.
“An additional 10,000 places will now be provided from 6 October 2020 to support the purchase of a new home or a newly-built home and will be available until 30 June 2021”.
“Successful applicants will be able to buy homes worth up to $950,000 in Sydney, $850,000 in Melbourne, $650,000 in Brisbane, and $550,000 in Perth”.