If you’re in the market to buy your first home, you will probably be aware of the Federal Government’s First Home Loan Deposit Scheme. We wrote about it in an earlier blog.

Previously, the scheme allowed up to 10,000 first home buyers to purchase a Riverhills property valued up to $600,000 with just a 5% deposit. It runs each financial year on a first come, first served basis.

Well, from 6 October 2020 the scheme opened up to an additional 10,000 applicants who will also enjoy a higher price cap of $850,000!

And here’s the best part: the additional 10,000 places are reserved for first home buyers who are BUILDING their home. This is to help give the construction industry a boost, and keep all those tradies and builders gainfully employed.

Of course, the First Home Loan Deposit Scheme doesn’t only apply to buyers at Riverhills. But when you have the perfect blend of natural beauty and convenience, why look anywhere else?

The scheme is only available through 27 approved lenders. You can see the list on our previous blog.

More than ever, it’s a great time for first home buyers to join our wonderful community here at Riverhills and build their dream home. Call our Estate Manager Santo on 0437 197 404 or book an appointment on our website and get the ball rolling!