--- title: "First Home Owners Deposit Scheme: Are you a first home buyer?" description: Details of the first home buyers scheme launched to purchase their first property. image: https://www.sydneyconveyancing.com.au/hubfs/Icons/chat.png --- [![sydney-conveyancing-com-au-fixed-conveyancing-price-licensed-Conveyancers-capital](https://www.sydneyconveyancing.com.au/hubfs/sydney-conveyancing-com-au-fixed-conveyancing-price-licensed-Conveyancers-capital.png) ![sydney-conveyancing-com-au-fixed-conveyancing-price-licensed-Conveyancers-capital](https://www.sydneyconveyancing.com.au/hubfs/sydney-conveyancing-com-au-fixed-conveyancing-price-licensed-Conveyancers-capital.png) ![sydney-conveyancing-com-au-fixed-conveyancing-price-licensed-Conveyancers-capital](https://www.sydneyconveyancing.com.au/hubfs/sydney-conveyancing-com-au-fixed-conveyancing-price-licensed-Conveyancers-capital.png) ](https://www.sydneyconveyancing.com.au) ## Conveyancing Blog ###### 1 min read # [First Home Owners Deposit Scheme: Are you a first home buyer?](https://www.sydneyconveyancing.com.au/conveyancing-blog/first-home-owners-deposit-scheme-are-you-a-first-home-buyer) Nov 4, 2019 3:04:39 PM - [Tweet](https://twitter.com/share) #### Details have been released on how the government is assisting first home buyers to purchase their first property.   The Government during elections had promised to help First Home Buyers which they seem to have done via the First Home Buyer Deposit scheme via which the government will guarantee 15 per cent of the deposit but the buyers will still borrow 95 per cent of the purchase price for ten thousand buyers per financial year. They will however not have to pay for Loan Mortgage Insurance. The purchasers will have to have an income up to $200,000.00 per year for a couple and $125,000.00 for an individual to qualify for this scheme which starts from 1 January 2020. You can read more about the [First Home Buyers Deposit Scheme](http://ministers.treasury.gov.au/ministers/josh-frydenberg-2018/media-releases/supporting-first-home-buyers-1). Topics: [Real Estate Conveyancing](https://www.sydneyconveyancing.com.au/conveyancing-blog/topic/real-estate-conveyancing) [Conveyancing](https://www.sydneyconveyancing.com.au/conveyancing-blog/topic/conveyancing) [Conveyancing Sydney](https://www.sydneyconveyancing.com.au/conveyancing-blog/topic/conveyancing-sydney) [Fixed Fees Conveyancing](https://www.sydneyconveyancing.com.au/conveyancing-blog/topic/fixed-fees-conveyancing) [First Home Buyers Scheme](https://www.sydneyconveyancing.com.au/conveyancing-blog/topic/first-home-buyers-scheme) [First Home Super Saver Scheme](https://www.sydneyconveyancing.com.au/conveyancing-blog/topic/first-home-super-saver-scheme) ##### Written by [Sydney Conveyancing - Fixed Professional Fees Conveyancing in Sydney & across NSW](https://www.sydneyconveyancing.com.au/conveyancing-blog/author/sydney-conveyancing-fixed-professional-fees-conveyancing-in-sydney-across-nsw) ###### [** Previous Post](https://www.sydneyconveyancing.com.au/conveyancing-blog/further-stimulus-delivered-the-rba-has-lowered-rates-to-0.75) [![](https://www.sydneyconveyancing.com.au/hubfs/Icons/contract%20(1).png) ](https://www.sydneyconveyancing.com.au/conveyancing-blog/further-stimulus-delivered-the-rba-has-lowered-rates-to-0.75) ###### [Further Stimulus Delivered - The RBA has lowered rates to 0.75%](https://www.sydneyconveyancing.com.au/conveyancing-blog/further-stimulus-delivered-the-rba-has-lowered-rates-to-0.75) ###### [Next Post **](https://www.sydneyconveyancing.com.au/conveyancing-blog/the-reserve-bank-of-australia-rba-decided-to-leave-the-cash-rate-unchanged-at-the-record-low-of-0.75) ###### [The Reserve Bank of Australia (RBA) decided to leave the cash rate unchanged at the record low of 0.75%.](https://www.sydneyconveyancing.com.au/conveyancing-blog/the-reserve-bank-of-australia-rba-decided-to-leave-the-cash-rate-unchanged-at-the-record-low-of-0.75) ### Post a Comment ### Featured ### Sign up for updates ![](https://www.sydneyconveyancing.com.au/hubfs/sydney-conveyancing-com-au-fixed-conveyancing-price-licensed-Conveyancers-capital.png) SYDNEY CONVEYANCING - Licensed Propety Conveyancers. Experienced in conveyancing in Sydney & across NSW for many years - with thousands of happy clients. [**](https://www.facebook.com/sydney.conveyancing.services/) [**](https://twitter.com/sydconveyancing) [**](https://www.instagram.com/sydneyconveyancing/) [**](https://www.youtube.com/channel/UCxPATIXRfDwQrI-0wTaYjYA) ###### Contact Us **(02) 6989 4656 **[info@SydneyConveyancing.com.au](mailto:info@SydneyConveyancing.com.au) ** Unit A22, 24-32 Lexington Drive Bella Vista, NSW 2153 ©2023 SYDNEY CONVEYANCING. All rights reserved.