Any thoughts on the First Home Buyers Deposit Scheme that just came available on the 1/01/2020?
Just trying to get an idea of the pros and cons of this scheme.
I'm currently sitting on exactly 20% deposit for a house around 600k and am thinking of purchasing within the next 6 months but would like to have funds on the side in case the interest rates do rise in the future.
Should I apply for the First Home Buyers Deposit Scheme with a 5% deposit and 15% in the offset?
Any advice would be appreciated