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The federal government’s Home Guarantee Scheme has helped 100,000 buy their first home.
The scheme was introduced in January 2020 to help low and middle-income earners buy with a deposit as low as 5%.
Initially three different intakes offered 10,000 places, but it soon expanded with allocations offered to also help those who are building a new home, living regionally or for single parents.
Nathan Dal Bon, chief executive of the National Housing Finance and Invest Corporation, which administers the scheme, says the next intake will begin on July 1.
It will no longer be restricted to singles and couples. Friends, siblings, and other family members will be allowed to make joint applications.
It will also allow those who are not strictly First Home Buyers to apply if they have not owned a home for more than a decade.
About 20% of applicants have been key workers, including more than 6,700 teachers, 5,000 nurses and almost 3,500 social workers.
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