New FHLDS Places Available for Savvy First Home Buyers!

The Federal Government’s First Home Loan Deposit Scheme (FHLDS) has already helped thousands of buyers enter the property market, including some who’ve found their homes at Orchard. And now, an additional 10,000 first home buyers will be able to apply for the scheme in order to make their dreams come true!

Previously, the scheme allowed up to 10,000 first home buyers to purchase a property valued up to $600,000 with just a 5% deposit – the government guaranteeing the loan and removing the need for buyers to take out Lenders Mortgage Insurance.

Well, from 6 October 2020 the FHLDS 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 moving forward.

More than ever, it’s a great time for first home buyers to join our thriving community here at Orchard and build their dream home. Call our Estate Manager Aydin Tsaous on 0418 699 011 or book an appointment on our website and get the ball rolling!