A decade of housing undersupply, the pandemic, the war in Europe and raw material supply shortages has resulted in double digit construction inflation driving-up house prices.
To financially help first time buyers and those making a fresh start buy a new home, Government introduced the First Home Scheme to help pay up to 30% of the cost. The First Home Scheme aims to make home ownership achievable for thousands of individuals and families by bridging the gap between their deposit and mortgage and the price of their new home.
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