Are you a first home buyer hoping to create your home in a stunning regional location?
The Regional First Home Buyer Guarantee (RFHBG) could help turn that dream into reality. This Australian Government initiative supports first-time buyers in regional areas, making homeownership more accessible. With a deposit as low as 5%, you could secure your brand-new home sooner than you think!
This initiative helps bridge the gap between regional and metropolitan markets by easing the path to securing a home loan. By guaranteeing a portion of your home loan your borrowing capacity increases, making it possible to purchase a property that may have once been beyond your reach. This opens the door to securing a larger, more suitable home tailored to your needs.
How does it work?
The government guarantees up to 15% of your home loan, allowing you to buy with as little as a 5% deposit - without needing to pay Lenders Mortgage Insurance (LMI). LMI is often a major cost for first-home buyers, so this can result in significant savings.
Who is eligible?
To qualify, you must meet specific criteria, including:- ✔ Australian citizenship or permanent residency
- ✔ Meeting certain income thresholds
- ✔ Purchasing a home in an approved regional area
A quieter pace of life and more space make regional living an ideal choice for you and your family.
Whether you’re a first home buyer or an investor, purchasing land or property in Regional NSW offers several benefits
Affordability – Lower property prices compared to major cities, providing better value for money.
Strong growth potential – Many regional areas are experiencing population and infrastructure growth, driving property value appreciation.
Higher rental yields – Rental returns in regional areas can often outperform metro areas due to lower purchase prices and steady demand.
Lifestyle benefits – Enjoy a relaxed lifestyle with less congestion, more space, and access to nature.
Government incentives – Various grants and incentives may be available for investors and homebuyers.
Diversified investment – Investing beyond metro areas can provide long-term stability and lower risk.
