NAB welcomes the expansion of the Federal Government’s Home Guarantee Scheme (HGS), saying it will help thousands more Australians get into their own homes, sooner.
NAB Executive Home Ownership Matt Dawson said the changes were timely for aspiring buyers.
“We’ve been proud to support the Home Guarantee Scheme since it began because it makes a real difference to those trying to buy their first home,” said Mr Dawson.
“We back these further measures such as removing barriers like income caps and uncapping the number of places available – making the scheme available to all Australian first-home buyers.
“The reality is many people assume they can’t buy a home because they don’t have a 20% deposit. The scheme shows that homeownership can happen much sooner than expected.
“The changes come at the right time, with interest rates easing and more buyers looking to enter the market as we head into the warmer months which typically see increased buyer activity and property listings.
“We look forward to rolling out these changes to customers in the coming months.”
Mr Dawson also noted that while initiatives like the HGS are helping address affordability challenges, boosting supply remains critical to easing the housing crisis.
“It’s important that we continue to see more homes built. Improving supply alongside initiatives like the HGS is key to addressing the housing challenge in Australia.”
Notes to editors:
- Since 2020, NAB has helped more than 46,000 Australians buy their first home through the HGS
- NAB was one of the first banks to join the scheme and remains one of its largest lenders
