Westpac joins low deposit home loan scheme

RESIDENTIAL PROPERTY

LENDER Westpac’s St. George, Bank of Melbourne and BankSA have all joined the list of lenders authorised to offer the Australian Government’s Home Guarantee Scheme (HGS)...

The Family Home Guarantee offers home buying on deposits of 2% and the First Home Guarantee and Regional First Home Buyer Guarantee both 5%...

Despite higher interest rates, and cost-of-living and affordability challenges, Westpac’s latest Home Ownership Report showed that one in five Australians are...

This trend is largely being driven by Gen Z. Amongst this group, 44% intend to achieve home ownership in the next five years, with Millennials at 32%, Gen X at...

“It’s encouraging to see that despite the higher cost of living and other affordability challenges, younger Australians are still the most driven in wanting to purchase a home and...

“Through expanding access to the Home Guarantee Scheme, St.George, Bank of Melbourne and BankSA will be able to help more Australians into the...

The share of Australian first home buyers utilising the Home Guarantee Scheme has more than doubled amid difficult market conditions. Data from the...

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