More data has been released on the Morrison Government’s first home buyer (FHB) deposit subsidy scheme, which reveals that two-thirds of the allocated 10,000 slots have already been taken up, with more than half the applicants aged under 30:
Just a month-and-a-half into the program, the figures showed about 6,500 loans were being processed. Some of those have been approved for financing for a loan while others were at a much earlier stage.
That has left another 3,500 places in the scheme this financial year. Another 10,000 spots will become available from July.