What is the First Home Loan Deposit Scheme (FHLDS)?

Find out if you're eligible for this new offer that kicked off on 1 January.

The First Home Loan Deposit Scheme is a Australian Government initiative to support eligible first home buyers purchase a home sooner.

It does this by providing a guarantee that will allow eligible first home buyers on low and middle incomes to purchase a home with a deposit of as little as 5 per cent (lender's criteria apply).

To find out more, and see if you are eligible, visit the website here.