This article will be updated as new information is released. On the 3rd of October, the Morrison Government announced an additional 10,000 spots in the First Home Loan Deposit Scheme with the intention of boosting construction and Australia’s economic recovery.  The additional 10,000 spaces will be...

If you're thinking about buying a block of land or a house and land package in Melbourne's growth corridors this year, the market is working differently than it did even two years ago. Lot releases are smaller, competition between developers is sharper, and the details of which community you choose — not just the price — are making a much bigger difference to what you end up owning.

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Buying a House and Land Package in Melbourne in 2026: What the Market Looks Like Right Now

Insights from our conversation with Penny Forrest, General Manager Victoria, AVID Property Group — April 2026If you're thinking about buying a block of land or a house and land package in Melbourne's growth corridors this year, the market is working differently than it did even two years ago. Lot releases are smaller, competition between developers is sharper, and the details of which community you choose — not just the price — are making a much bigger difference to what you end up owning.We recently sat down with Penny Forrest, General Manager Victoria at AVID Property Group (one of the country's top five residential land developers), to get a clear picture of where Melbourne's greenfield market sits in 2026. Here's what buyers need to know.The market is stabilising — but it's not a free-for-allAround 12,500 lots were sold across Melbourne's greenfields in 2025. That's a healthy step up from the quiet years of the previous cycle, but still well below the 20,000-plus lots the outer suburbs were producing before 2022.In plain terms: the panic-buying days are over, but so are the deep discounts. Interest rates are still the biggest thing sitting on buyer confidence, and most developers — AVID included — are releasing land in smaller, more frequent batches rather than flooding the market with stock.What this means for you: If you see a release that suits you — location, price, orientation, lot size — don't assume there'll be a bigger one next month. Smaller releases mean the good lots go quickly. Get your finance pre-approval sorted before you walk into a display suite, not after.<img src="https://urban-project-bucket-production.s3.ap-southeast-2.amazonaws.com/117ff811-aba0-4226-a2f3-6dd7a7869028-Screenshot_2026-04-22_at_4.52.32_pm.png"><h2>Look at the community, not just the lot</h2>One of the biggest shifts in how developers are thinking about new estates is amenity. Years ago, a house and land package was mostly about the home. Today, communities that include a town centre, schools, parks, and retail are being priced — and valued — noticeably higher than communities that are just streets and lots.AVID's Lindarum community in Wollert (northern Melbourne) is a good example. With around 1,000 homes still to deliver, the project includes a major town centre that will serve as the retail and civic anchor for residents. When you're weighing up estates, look at what's already built, what's promised on the master plan, and — critically — when it's scheduled to be delivered.Questions worth asking the sales team: When is the nearest school opening? What retail is confirmed (not just "proposed")? Which stages have already been delivered, and can I drive through them? Is the public transport on the master plan funded, or is it still a line on a map?<h2>Why land is taking so long — and what that has to do with the price</h2>One of the hidden drivers of land prices in Victoria is the state's Precinct Structure Planning (PSP) process. It's the government framework that decides how new growth areas get rezoned, connected to services, and opened up for development.The catch: the average PSP takes around five years to complete. That's five years where the developer is paying to hold land that can't yet be sold, five years of rising construction costs, and five years where fewer new estates come onto the market.All of those costs eventually sit inside the lot price you pay. Planning reform is one of the biggest things that could bring new-build affordability down in Victoria over the next few years — worth watching if you're in a position to wait.<h2>Customer experience is becoming a real differentiator</h2>Buying a new-build home is different to buying an existing one. You're paying for something that doesn't yet exist, across a process that can take 12 to 24 months from deposit to handover. The quality of the support you get during that time matters almost as much as the home itself.AVID runs what it calls a customer ambassador program — a single person who stays with you from the day you buy through to handover, and often into moving-in and community life. It's the kind of service that used to be optional and is now becoming standard expectation at the better-run developers.What to ask: Who will be my point of contact after I sign? What happens if my builder hits a delay — does the developer help? Is there a community manager once we move in? Vague answers are a warning sign.<img src="https://urban-project-bucket-production.s3.ap-southeast-2.amazonaws.com/1edc644a-46c9-4a6d-93f1-09f953ebabf0-Screenshot_2026-04-22_at_4.49.56_pm.png"><h2>Choosing a builder: three things to look for</h2>Developers like AVID partner with a small panel of builders for each community, and the way they pick those builders tells you a lot about what to look for yourself. Forrest described AVID's Victorian builder panel as being chosen on three things:<ol><li>Reputation — track record on quality, on-time delivery, and how they handle issues when things go wrong.</li><li>Agility — the ability to respond quickly to design changes, site conditions, or market shifts.</li><li>Willingness to collaborate early — working with the developer from the design stage so the home actually fits the lot and the community.</li></ol>When you're comparing builders, these are the same three filters worth applying. Online reviews are a starting point, but also look at homes the builder has delivered in the estate you're buying into — not just display homes in a different suburb.<h2>The bottom line for 2026 buyers</h2>Melbourne's land market in 2026 is more balanced than it has been in years. You've got options, developers are competing on community quality rather than just price, and the process is more professional across the board. That said, the good lots still go quickly, planning bottlenecks are keeping prices firmer than they'd otherwise be, and the community you choose will shape your experience far more than the headline package price.If you're serious about buying in the next 12 months:<ul><li>Get finance pre-approval sorted early.</li><li>Visit communities in person — daytime and weekend — not just the display suite.</li><li>Ask hard questions about delivery timelines and after-sales support.</li><li>Compare at least three builders on panel for any community you shortlist.</li><li>Use a comparison platform (like iBuildNew) to line up options side-by-side before you commit.</li></ul>

A number of builders offer house and land packages and construction services across the broader Mernda and Melbourne north corridor. Here are four worth considering.

Eight Homes

Eight Homes, VIC

Singh Homes

Singh Homes, VIC

Mimosa Homes

Mimosa Homes, VIC

Omnia Homes

Omnia Homes, VIC

Inside Aspect: Builders to consider in Mernda

Mernda's land supply is nearly exhausted. Aspect, developed by AVJennings, is one of the last estates in the suburb still releasing lots, and with the developer confirming that Stage 7 will be the final release, buyers who register now are among the last to secure land here.The estate spans 239 homesites in total and sits on Regent Street, 28 kilometres north of Melbourne's CBD, with Mernda Train Station 4.2 kilometres away.The site abuts Quarry Hills Regional Park, which gives the final stages, particularly lots facing the park boundary, a natural outlook that's difficult to replicate in newer estates further out. The surrounding area is well-serviced: Mernda Junction Shopping Centre is 5.2 kilometres away, Mernda Central College 2.6 kilometres, and the Northern Hospital is accessible via the Epping corridor. Childcare options, medical clinics and primary schools are already operational in the suburb.The lot mix at Aspect suits growing families and buyers looking to get into Melbourne's established north. First home buyers may be eligible for the $10,000 First Home Owner Grant in the estate.<h2>Builders to consider in Mernda</h2>A number of builders offer house and land packages and construction services across the broader Mernda and Melbourne north corridor. Here are four worth considering.<h3>Eight Homes</h3>The pitch at Eight Homes is uncomplicated: pre-selected finishes, a streamlined process, and fixed pricing that accounts for developer guidelines and site costs upfront. Founded in 2012 by director Steve Maher, the builder positions itself around removing the ambiguity that tends to derail first-time builds, no discovery of unexpected site costs partway through, no mid-process renegotiation on inclusions. Their range of 19 designs spans single and double storey, from compact small-lot-code homes starting at around 115 sqm through to double-storey designs pushing 390 sqm.[smartcode_home_builder:default home_builder_id=14 home_design_image_fid=9056]Eight Homes actively builds across Melbourne's north corridor with multiple display homes.Best suited for first home buyers and investors building in the Mernda north corridor who want a fixed-price process without a lengthy selections journey.<h3>Singh Homes</h3>Singh Homes takes a different approach from volume builders in the north. Established in 2009, the Melbourne-based builder works with clients through the design phase, customising floor plans, adjusting layouts, and pricing the site-specific requirements before contract. The process involves fixed-price quotes that include site costs, which gives buyers a clear number before they commit rather than after.[smartcode_home_builder:default home_builder_id=32 home_design_image_fid=1986]Their build approach leans toward buyer involvement: Singh works with clients on floorplan adjustments and handles knockdown rebuild and multi-unit projects in addition to standard house and land builds.For buyers at Aspect who want more involvement in the design process, or who are considering a lot that requires specific siting considerations, Singh Homes offers a level of direct engagement that's less typical of the broader market.Best suited for buyers seeking a more hands-on build process or those with specific design requirements for lots in Mernda's final stages.<h3>Mimosa Homes</h3>Mimosa Homes is a volume builder with genuine breadth across Melbourne's growth corridors. Founded in 2007 and based in Derrimut, the builder operates two collections, the V Collection, starting from $199,900, which suits buyers prioritising value on 8.5–14 metre lots; and the M Collection, from $250,000, which adds specification depth across a 10.5–16 metre frontage range. [smartcode_home_builder:default home_builder_id=25 home_design_image_fid=1294]Both collections come with fixed-price contracts and HIA award recognition behind them. The builder has recently expanded its display presence in the Geelong corridor with three new homes at Armstrong Mt Duneed, and maintains an active pipeline of packages across Melbourne north, west and south east.Best suited for buyers across Mernda's remaining lot mix who want broad design choice, a structured build process, and a competitive starting price across both single and double-storey builds.<h3>Omnia Homes</h3>Omnia Homes has been operating for over 25 years, with more than 85 designs across single and double storey, custom homes, knockdown rebuilds, dual occupancy and multi-unit.Omnia's build model includes fixed-price contracts, independent quality inspections during construction, and a 10-year structural warranty. HIA membership supports their credibility for buyers scrutinising builder stability. Their primary house and land focus has historically been Melbourne's western growth corridor, but their design range translates well to northern Melbourne lot sizes. [smartcode_home_builder:default home_builder_id=27 home_design_image_fid=1454]Buyers comparing Omnia's mid-range single-storey designs against equivalent options from other builders on the same Aspect allotment will likely find their price-per-square-metre competitive.Best suited for buyers with wider lots in Mernda's final stage who want a mid-range to upper-range single or double-storey design with a long warranty period and independent inspection process.<h2>The bottom line</h2>Aspect suits buyers who want to be in Mernda, not the next corridor out. That distinction matters in Melbourne's north: the suburb already has train access, shopping, multiple school options and medical services in place, whereas estates at Beveridge or Kalkallo are still waiting on that infrastructure to arrive. Buyers purchasing in Aspect's final release are not taking a bet on future amenity; it's already there.Stage 7 will offer a mix of lot sizes, including premium allotments facing Quarry Hills Regional Park. Standard residential lots in the sub-400 sqm range will suit most of the builders listed here; park-facing or wider lots in the 450–600 sqm range open up larger single-storey footprints or double-storey designs with more generous living space.All prices and package details are current at time of publication and subject to change.

Here are some ideas that focus less on decorative “add-ons” and more on the underlying choices that quietly shape how a dining room performs when it’s actually full of people.

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Dining room decor ideas that guests notice more than you think

The dining room is rarely the space buyers or homeowners design first, but it is often the one guests remember most clearly. Unlike kitchens or living rooms, dining areas are used in concentrated moments, dinners, celebrations, long conversations that stretch past dessert. Because of that, the room is experienced as a whole rather than in parts. Comfort, proportion and atmosphere tend to register before individual pieces of furniture or styling choices. That is why many dining rooms that look resolved on paper or in photos can still feel slightly awkward in use. Chairs feel too tight, lighting feels harsh, or the space lacks the quiet cues that make people want to linger. These issues are rarely about budget or trend awareness. They usually come down to a few design decisions that are easy to overlook during planning. Here are some ideas that focus less on decorative “add-ons” and more on the underlying choices that quietly shape how a dining room performs when it’s actually full of people.<h2>1. Start with circulation, not the table</h2>Most dining rooms are designed around the table size, but not enough attention is given to how people move around it. Clearance behind chairs matters more than visual balance. When guests constantly stand to let others pass, the room feels constrained no matter how large it appears. As a guide, comfortable circulation usually requires more space than buyers initially expect, particularly in open-plan homes where dining areas sit between kitchen and living zones. Designing the room around movement first often leads to better table proportions and a calmer overall layout.<h2>2. Lighting height shapes the entire experience</h2>Pendant lights are one of the most common dining room features, yet their height is frequently decided late, or based on aesthetics alone. Too high and the room feels exposed. Too low and it becomes visually heavy or intrusive. The ideal position creates a soft visual anchor without cutting across sightlines, especially in open-plan settings. What is often overlooked is dimming control. The ability to shift from functional brightness to a warmer, lower setting changes the room’s mood more than swapping any decorative element.<img src="https://legacy-ibn-uploads.s3.ap-southeast-2.amazonaws.com/blog/wp-content/uploads/2025/12/pexels-fotografiagmazg-18707990-800x534.jpg" alt=""><h2>3. Chair comfort signals how long guests are welcome to stay</h2>Dining chairs are often selected to match the table or broader interior palette, but comfort plays a quiet psychological role. Upholstery, seat depth and back support influence how relaxed people feel after the meal is finished. Chairs that look good but feel rigid tend to shorten gatherings without anyone consciously noticing why. For homeowners, this is one of the few dining decisions that directly affects how the space is used over time, not just how it photographs.<h2>4. Acoustics are part of decor, even if they’re invisible</h2>Hard surfaces dominate many dining areas, particularly in contemporary homes. While this creates a clean aesthetic, it can amplify noise once the room is occupied. Rugs, window treatments and even wall finishes help absorb sound and soften conversation. These elements are often framed as styling choices, but their acoustic effect is what makes a dining room feel intimate rather than echoing or chaotic. This becomes especially relevant for larger tables or homes that frequently entertain.<img src="https://legacy-ibn-uploads.s3.ap-southeast-2.amazonaws.com/blog/wp-content/uploads/2025/12/zhao-yangyang-2ojm7ffTSbE-unsplash-800x533.jpg" alt=""><h2>5. Scale matters more than statement pieces</h2> Large artwork, bold lighting or sculptural tables can anchor a dining room, but only if the proportions are right. Oversized pieces in compact spaces tend to dominate rather than elevate, while undersized elements can make a room feel unfinished. What is often missed is the relationship between ceiling height, table width and feature size. When these elements are scaled correctly, the room feels intentional without needing excessive decoration.<h2>6. Storage placement affects how “formal” the room feels</h2>Sideboards and cabinetry are practical, but their placement influences the tone of the space. A dining room with visible, accessible storage tends to feel more relaxed and everyday-friendly, while minimal or concealed storage leans formal. Neither is inherently better, but clarity of intent matters. Many homeowners end up with a dining room that sits awkwardly between the two because storage was treated as an afterthought rather than a defining feature.<img src="https://legacy-ibn-uploads.s3.ap-southeast-2.amazonaws.com/blog/wp-content/uploads/2025/12/pexels-heyho-7546719-800x534.jpg" alt=""><h2>7. Don’t design the room for empty moments</h2>Dining rooms are often styled for when no one is using them, but they are experienced when full. Considering how the room feels with chairs pulled out, people seated and plates on the table leads to different design decisions than styling for stillness. Lighting softness, table shape and circulation all benefit from being assessed at “full capacity.” Designing for use rather than display is what ultimately makes guests feel comfortable, and impressed, without the space trying too hard. In the end, the most successful dining rooms rarely rely on trend-driven decor or statement purchases. They are shaped by decisions that prioritise how people sit, move, hear and feel within the space. For buyers and homeowners in the design phase, paying attention to these quieter considerations often results in a dining room that feels generous, welcoming and memorable, long after the table has been cleared.

Understanding where to allocate budget, and where restraint delivers better outcomes, is becoming as important as choosing the right look.

Kitchen design trends: Where to splurge and where to save

Kitchens have become the most scrutinised space in the home-building and renovation process, not because they are the most expensive room by default, but because they concentrate more decisions into a smaller footprint than anywhere else. Cabinetry profiles, benchtops, appliances, storage systems, lighting, tapware and finishes are often locked in within a short decision window, frequently before buyers have lived in the home or fully understood how the space will be used day to day. It’s also one of the few rooms where aesthetic choices and functional outcomes are tightly intertwined, making it easy to overspend in the wrong places while quietly compromising performance elsewhere. That tension has shaped recent kitchen design trends. Rather than chasing novelty, buyers are increasingly focused on longevity, layouts that age well, materials that wear predictably, and features that continue to add value long after the initial excitement fades. Understanding where to allocate budget, and where restraint delivers better outcomes, is becoming as important as choosing the right look.<h2>What buyers often underestimate when designing a kitchen</h2>One of the most common oversights in kitchen planning is assuming that visual impact equates to long-term satisfaction. In practice, the elements that shape daily use, how drawers open, where power points sit, how surfaces wear, how light falls across work zones, tend to matter far more over time than statement finishes. Another frequent miscalculation is treating the kitchen as a standalone room, rather than as part of a broader living system. Decisions made in isolation can create friction later: oversized islands that disrupt circulation, minimalist cabinetry that limits storage, or appliance upgrades that strain cabinetry allowances. With those blind spots in mind, recent design trends point less toward “must-have” features and more toward selective investment.<img src="https://legacy-ibn-uploads.s3.ap-southeast-2.amazonaws.com/blog/wp-content/uploads/2025/12/pexels-alex-qian-1180283-2343467-800x533.jpg" alt=""><h2>Where it makes sense to splurge</h2>Benchtops remain one of the clearest cases for considered investment. Durable engineered stone, porcelain or high-quality natural stone alternatives tend to justify their cost through resistance to heat, staining and impact, particularly in households where the kitchen is used heavily. While trend-driven colours can date quickly, neutral or lightly textured surfaces tend to age more gracefully and retain appeal at resale. Cabinet hardware and internal joinery systems are another area where spending is often felt daily. Soft-close mechanisms, full-extension drawers and well-planned internal storage dramatically improve usability, yet are rarely obvious in display images. These elements shape how the kitchen functions long after finishes fade into the background. Appliance selection is also shifting. Rather than upgrading everything, buyers are increasingly prioritising performance where it matters most, ovens, cooktops and rangehoods, while opting for simpler solutions elsewhere. Reliability, servicing and replacement costs are now factoring more heavily into decision-making than brand prestige alone.<h2>Where restraint often delivers better value</h2>Cabinet finishes are an area where overspending rarely delivers proportional benefit. High-gloss, heavily detailed or ultra-matte finishes can look striking initially but often show wear more quickly than expected. Laminates and modern textured finishes, by contrast, have improved significantly in durability and offer broader colour stability over time. Splashbacks are another category where trends move quickly. Elaborate tiling or bold patterns can lock a kitchen into a specific moment, while simpler surfaces, tiled neutrals, glass or slab extensions of the benchtop, allow the space to adapt as surrounding interiors evolve. Lighting is also frequently over-specified. Feature pendants may photograph well, but layered, functional lighting, task lighting under cabinetry, well-positioned downlights and thoughtful natural light access, tends to outperform decorative solutions in daily use, often at lower cost.<img src="https://legacy-ibn-uploads.s3.ap-southeast-2.amazonaws.com/blog/wp-content/uploads/2025/12/pexels-pixabay-210687-800x450.jpg" alt=""><h2>Designing for how kitchens are actually used</h2>Perhaps the most important shift in kitchen design thinking is recognising that trends matter less than alignment with lifestyle. Open shelving, handle-less cabinetry and oversized islands continue to feature heavily in marketing imagery, yet they don’t suit every household. Designing for mess tolerance, cooking frequency, storage habits and family movement patterns often leads to quieter, less overtly “designed” kitchens, but ones that feel easier to live with over time. In that sense, the most enduring kitchen trend is not a finish or feature, but a more disciplined approach to spending. Knowing where investment improves everyday use, and where simplicity works harder, allows kitchens to perform well long after trends move on. For buyers and homeowners at the design stage, that clarity can make the difference between a kitchen that looks resolved on day one, and one that continues to feel right years later.

Understanding where a display home diverges from a contract build is critical for buyers who want clarity before signing, rather than surprises once selections begin.

Can you really replicate a display home? Behind the upgrades and extras

Display homes remain one of the most persuasive tools in residential construction, not because they mislead buyers, but because they compress dozens of design decisions into a single, highly resolved experience. Walk through one, and it’s easy to assume what you’re seeing is broadly achievable within a standard build price. In reality, some display homes are closer to a design maximum than a default outcome. Understanding where a display home diverges from a contract build is critical for buyers who want clarity before signing, rather than surprises once selections begin.<h2>What a display home is actually designed to do</h2>A display home is not a neutral example of a builder’s typical work. It is deliberately curated to show the upper limits of layout efficiency, finish quality, and visual cohesion within a given product range. That usually means:<ul><li>Premium façade treatments that exceed standard allowances</li><li>Ceiling heights, window sizes, and structural options selected for visual impact</li><li>Joinery, lighting, and finishes chosen for consistency rather than budget balance</li></ul> A practical step buyers often overlook is asking this question while walking through the display: which elements are standard, and which are upgrades? Most builders can point these out on the spot or refer to a display inclusion list, helping buyers separate structural decisions from styling choices before assumptions set in. None of this is inherently problematic, but it does mean the display home is rarely priced as-built in the base package.<h2>Where the gaps usually appear</h2>The most common misunderstandings arise not from one large upgrade, but from many smaller inclusions that compound quickly. Structural and spatial upgrades Increased ceiling heights, wider openings, raked ceilings, or extended alfresco areas often sit outside base pricing. These changes affect engineering, materials, and sometimes planning approvals, making them costly to add retrospectively. Joinery and storage Display homes typically include fully fitted joinery: extended kitchen cabinetry, feature shelving, walk-in robes with detailed fit-outs, and laundry storage that exceeds standard specifications. Base inclusions may provide the footprint, but not the finish. Electrical and lighting design Feature lighting, layered lighting plans, additional power points, and smart home pre-wiring are rarely standard. Display homes are lit to flatter the space, not to demonstrate minimum compliance. Fixtures, fittings, and surfaces Stone thickness, tapware ranges, splashback materials, flooring continuity, and bathroom detailing are often upgraded across the entire home in displays. Individually modest, collectively significant.<h2>Can you replicate it exactly?</h2>Technically, yes, most builders can price a home to match a display specification. Practically, few buyers do so without adjustment. The real constraint is not feasibility, but budget alignment. Display homes are often built to showcase value at a higher spend level than the advertised starting price. Replicating them requires either:<ul><li>Accepting a higher overall contract price, or</li><li>Making conscious trade-offs elsewhere in the home</li></ul>Buyers who attempt to “match the display” item by item without prioritisation often experience cost escalation late in the process.<h2>The smarter approach: reverse-engineering the display</h2>Rather than asking whether a display can be replicated wholesale, more experienced buyers ask which elements actually matter to them. This usually involves:<ul><li>Identifying structural upgrades that affect long-term livability (ceiling height, room proportions, light)</li><li>Separating visual styling from permanent construction decisions</li><li>Requesting a full display inclusion list early, not after initial pricing</li><li>Understanding what is standard, optional, and excluded, in writing</li></ul>The goal is not to downgrade expectations, but to translate the display into a version of the home that aligns with how the buyer plans to live, not how the builder plans to present.<h2>Why this matters before you sign</h2>The largest risk with display homes isn’t that they include upgrades, it’s that buyers assume those upgrades are already accounted for. Once contracts are signed, flexibility narrows, and variations become more expensive and more difficult to evaluate objectively. Buyers who treat the display as a reference point rather than a promise are better positioned to control both cost and outcome. In that sense, the most useful question isn’t “Can I replicate this display home?” It’s “Which parts of this display are worth paying for, and which only matter in a showroom?”

Government Extends First Home Loan Deposit Scheme By 10,000 Spaces

This article will be updated as new information is released.
On the 3rd of October, the Morrison Government announced an additional 10,000 spots in the First <a href="/news/guides/a-buyers-guide-to-financing-a-new-home-build">Home Loan</a> Deposit Scheme with the intention of boosting construction and Australia&#x2019;s economic recovery.&#xa0;

The additional 10,000 spaces will be provided from 6th of October to first home buyers to support the purchase of newly built homes and off-the-plan properties. This differs from previous releases, which also allowed for the purchase of established properties.
<img class="alignnone size-medium wp-image-10129" src="https://legacy-ibn-uploads.s3.ap-southeast-2.amazonaws.com/blog/wp-content/uploads/2019/08/budget2-800x450.jpg" alt="first home loan deposit scheme" width="800" height="450">
The new 10,000 spaces are available for eligible first home buyers up until June 30, 2021. The scheme is open to individuals earning up to $125,000 and couples up to $200,000.

The government has also lifted price caps for the extended scheme, allowing eligible first home buyers to spend more on their first home:
<img class="wp-image-10870 size-full aligncenter" style="width: 600px; margin-left: auto; margin-right: auto;" src="https://legacy-ibn-uploads.s3.ap-southeast-2.amazonaws.com/blog/wp-content/uploads/2020/10/Screen-Shot-2020-10-05-at-12.42.28-PM-800x506.png" alt width="278" height="440">
Proven popular with first home buyers since it was introduced earlier this year, the First <a href="/news/guides/a-buyers-guide-to-financing-a-new-home-build">Home Loan</a> Deposit Scheme is a programme designed to assist first home buyers in entering the property market by allowing them to buy a property with a deposit as little as five per cent. The Government guarantees the remaining fifteen per cent, negating the need to take out lenders mortgage insurance, saving eligible first home buyers thousands upfront and in future interest.

More information will be available on the <a href="https://www.nhfic.gov.au/what-we-do/fhlds/">NHFIC website</a> from Tuesday, 6th October 2020.

Are you a first home buyer looking to build a new home? Now is the perfect time to take advantage of this scheme and many more incentives on offer in your state. <a href="https://www.ibuildnew.com.au/blog/insights/available-homebuilder-homebuyer-grants/" target="_blank" rel="noopener">You can check them all out here.</a>

If you&#x2019;re not sure where to begin, don&#x2019;t hesitate to get in touch with one of our new home advisors at iBuildNew who can help guide you through your options and the process. Click below to get started.

<a href="https://www.ibuildnew.com.au/services/building-consultation" target="_blank" rel="noopener"><img class="aligncenter wp-image-10870 size-full" style="width: 300px; margin-left: auto; margin-right: auto;" src="https://legacy-ibn-uploads.s3.ap-southeast-2.amazonaws.com/blog/wp-content/uploads/2020/06/bookacall-800x334.png" alt width="278" height="440"></a>

Government Extends First Home Loan Deposit Scheme By 10,000 Spaces

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