Attributable to Andy Kerr, NAB Executive, Home Ownership:
“The higher price caps are fantastic news for first homebuyers. It will provide greater flexibility for Australians looking to purchase their first home through the First Home Loan Deposit Scheme.
“Over the past year we have seen record demand from first homebuyers with NAB lending increasing by 67 per cent compared to 2020. The Scheme has played a key role in providing more opportunities for Australians.
“We have just re-opened our doors to customers interested in buying their first home through the Scheme. Demand remains incredibly strong.
“So far NAB has supported 6,000 Australians into their first home with the help of the FHLDS and we look forward to supporting thousands more.”