<https://kanebridgenews.com/first-home-buyers-given-leg-up-in-budget/#newsarticle>
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"The Federal Budget for 2022 is set to ‘unlock’ 50,000 new places for the First Home Loan Deposit Scheme (FLHDS).    Real Estate Institute of Australia (REIA) president Mr Hayden Groves said this significant investment into supporting home ownership shows confidence that the scheme is serving the private property market.    “NHFIC (the National Housing Finance and Investment Corporation) estimates that around 15% of Australian households are prospective homeowners and this announcement makes that dream one step closer for those Australians who are eligible,” said Mr Groves    “The number of first home buyers decreased to 37,620 in the quarter, a decrease of 18.3% over the past 12 months.    “At the same time the average loan size increased to $470,548, an increase of 12.9% over the same period.”    Mr Groves said that the support of the FHLDS was a priority for the REIA and went on to thank the Federal Minister for Housing, Michael Sukkar MP.    “REIA supported this innovation in public policy when it was first announced in the Federal Election 2019 and the program has gone from strength to strength.    “Now up to 1 in 10 first home buyers utilise the Guarantee program with 6,000 of Australia’s key workers securing their first home through this program – our COVID-19 heroes.”    With the government seeking to triple the scheme from an initial 10,000 places in 2019, Mr Groves suggests Australians looking to buy their first home seek advice for accessing the scheme.    “With these new places coming online you will have more opportunity than ever to secure a place, we strongly encourage interested first home buyers to speak with their mortgage broker.”"
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