Following legislation which came into effect on 1st January 2020, the federal government will act as loan guarantor for a limited number of low deposit home loans each year. An additional 10,000 places specifically for newly-built properties were made available in the 2020-21 federal budget. The scheme is only available to first-time buyers, and there are eligibility limits depending on the borrowers’ income, age, and the property price. Find out more at the National Housing Finance and Investment Corporation (NHFIC).