15.10.20
Australian Government extends first home loan deposit scheme
With extra places now available in the Australian Government’s First Home Loan Deposit Scheme (FHLDS), there has never been a better time for first home buyers.
Under the FHLDS, eligible first home buyers only require a 5% deposit and don’t need to pay mortgage lenders insurance when purchasing a brand new home off-the-plan.
There are now an extra 10,000 FHLDS places available for the 2020-21 financial year for eligible first home buyers in Brisbane up to $650,000, an increase from the previous cap of $475,000. In Victoria, the price cap has increased from $600,000 to $850,000.
CDL Australia’s Brickworks Park project in Brisbane is already attracting strong interest from first home buyers and the extra help from the deposit scheme makes the lifestyle of the city’s newest urban neighbourhood even more appealing.
Apartments start from $385,000
At Brickworks Park, one-bedroom apartments start from only $385,000, meaning a buyer could secure their dream home with a deposit of less than $20,000.
With a huge range of resident amenities planned and Alderley rated Brisbane’s most liveable suburb, Brickworks Park is a great choice for first home buyers.
Brickworks Park will be a place where you can set down roots, form friendships with neighbours, stay active and healthy, and keep the kids entertained.
From walkable public transport options to quiet and leafy tree-lined streets, it’s easy to see why Brickworks Park will be one of the most desirable locations in Brisbane’s much-loved inner north.
How to apply for the FHLDS
You can make an FHLDS application directly with one of the scheme’s participating lenders or one of their authorised representatives such as a mortgage broker.
Our experienced sales team members at Brickworks Park are also on hand to help you understand eligibility criteria and showcase suitable options within the $650,000 price cap.