First Home Loan Deposit Scheme – Eligibility

Applicants under the Scheme will be subject to eligibility criteria, including criteria in relation to income thresholds and property prices.

The income thresholds will be up to $125,000 per annum for singles and up to $200,000 per annum combined for couples (assessed in the financial year preceding the financial year in which the loan is entered into).

The Scheme will apply to owner-occupied loans on a principal and interest basis.

NHFIC has developed an online interactive tool to help first home buyers find out whether they meet the Scheme’s
eligibility criteria. The tool is available on NHFIC’s website at www.nhfic.gov.au/what-we-do/fhlds/eligibility/

You can also download a fact sheet about the Scheme here: