More than 130 home loans were guaranteed in Tasmania under the federal government’s first home loan deposit scheme between March and June this year.
The scheme allows eligible first home buyers to buy a home with a deposit of as little as 5 per cent of the property’s value, with the federal government acting as a guarantor.
According to new figures from the National Housing Finance and Investment Corporation, a total of 10,000 places were allocated under the scheme nationally since it commenced on January 1, 2020.
In other news:
In Tasmania, 138 guarantees were issued, while 112 loans were settled.
The median property purchase price for Tasmanians who secured a place under the scheme was $285,000, and the median deposit paid by the borrower was $15,500.
The top three postcodes in the state for guarantees were in Devonport and Launceston (7310, 7250 and 7248).
The median buyer age in Tasmania was 26.
Tasmanians purchasing a home under the scheme moved an average of 7.5 kilometres from their existing residence, behind only Victoria (10.4 kilometres).
In Tasmania, the median minimum mortgage repayment as a proportion of household disposable income was 26 per cent, 4 per cent less than the national average.
Meanwhile, data released by CoreLogic on Tuesday showed that Hobart was one of only two capital cities that had defied a national trend of declining property prices, with its home values increasing by 0.1 per cent in the month of August.
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