• Personal
  • Employers
  • Advisers
  • Calculators & forms
  • News Hub
  • Contact us
QSuper QSuper
  • Products
    • Why QSuper
    • Can I join QSuper
    • Investment options
    • Fees
    • Financial advice
    • Compare us
    • Insurance
    • Account types
      • Accumulation account
      • Transition to Retirement Income account
      • Retirement Income account
      • Lifetime Pension
      Why QSuper?

      A focus on strong performance

      More reasons to feel good
  • Super
    • Grow your super
      • Salary sacrifice
      • Super co-contribution
      • Voluntary contributions
      • Spouse contributions
      • Contribution caps
      • Tax deductions
    • Consolidate your super
    • Find your lost super
    • Changing jobs
    • Nominate beneficiaries
    • Early access
    • Seminars and education
  • Retirement
    • Why retire with QSuper
    • Retirement accounts
      • Transition to Retirement Income account
      • Retirement Income account
      • Lifetime Pension
    • Retirement planning
      • Make your super last in retirement
      • The Age Pension and Super
    • How much super do you need to retire
    • Access your super
      • When can you access your super
      • Withdraw your super
    • Seminars and education
      Award-winning

      SuperRatings' Pension of the Year 4 years in a row4

      Find out more
  • Investments
    • Investment options
      • Lifetime
      • Moderate
      • Balanced
      • Socially Responsible
      • Aggressive
      • Cash
      • Diversified Bonds
      • Australian Shares
      • International Shares
      • Self Invest
    • Performance
      • Overview
      • Graphs
      • Unit prices
    • Online investment advice
    • Compare options
    • Change your investment options
    • How QSuper invests
  • Insurance
    • Insurance options
      • Income protection
      • Total & permanent disability cover
      • Death cover
    • How much insurance cover do you need
    • Change or cancel your insurance
    • Make an insurance claim
  • Advice
  • Calculators & forms
  • News Hub
  • Contact us
Join
  • Call
Join Log In - Open navigation
Member Online

Forgot username?
Forgot password?
Register
 
Upcoming outage

Due to required maintenance, Member Online will be unavailable from 9:00pm on Saturday 20th August until 9:00am Sunday the 21st August. We apologise for any inconvenience.

Navigation

QSuper
  • Personal
  • Employers
  • Advisers
  • Search
  • Join Log In
  • Products Expand
    • Why QSuper
    • Can I join QSuper
    • Investment options
    • Insurance
    • Fees
    • Financial advice
    • Account types Expand
      • Accumulation account
      • Transition to Retirement Income account
      • Retirement Income account
      • Lifetime Pension
    • Compare us
  • Super Expand
    • Consolidate your super
    • Grow your super Expand
      • Salary sacrifice
      • Super co-contribution
      • Voluntary contributions
      • Spouse contributions
      • Contribution caps
      • Tax deductions
    • Find your lost super
    • Changing jobs
    • Nominate beneficiaries
    • Early access
    • Seminars and education
  • Retirement Expand
    • Why retire with QSuper
    • Retirement accounts Expand
      • Transition to Retirement Income account
      • Retirement Income account
      • Lifetime Pension
    • How much super do you need to retire
    • Retirement planning Expand
      • Make your super last in retirement
      • The Age Pension and Super
    • Access your super Expand
      • When can you access your super
      • Withdraw your super
    • Seminars and education
  • Investments Expand
    • Performance Expand
      • Overview
      • Graphs
      • Unit prices
    • Investment options Expand
      • Lifetime
      • Moderate
      • Balanced
      • Socially Responsible
      • Aggressive
      • Cash
      • Diversified Bonds
      • Australian Shares
      • International Shares
      • Self Invest
    • Online investment advice
    • Compare options
    • Change your investment options
    • How QSuper invests
  • Insurance Expand
    • Insurance options Expand
      • Income protection
      • Total & permanent disability cover
      • Death cover
    • How much insurance cover do you need
    • Change or cancel your insurance
    • Make an insurance claim
  • Advice
  • Your account Expand
    • Super Expand
      • Investments
      • Transactions
      • Statements & history
      • Consolidate
      • Add to super
      • Insurance
    • Profile Expand
      • Personal details
      • Security
      • Authorities
      • Employer
      • Beneficiaries
    • Online Advice
    • Self Invest
  • Calculators & forms Expand
    • Superannuation & Retirement Calculators Expand
      • Super and retirement planning calculators
      • Retirement planning
      • Insurance
      • Maximise your super
      • Savings
      • Investing
    • Forms Expand
      • All
      • Forms for claims, withdrawals, and transfers out
      • Forms for deposits, contributions and transfers in
      • Insurance forms
      • Investments
      • Transfer
      • Other forms
    • Publications Expand
      • PDS
      • Guides
      • Annual reports
      • Factsheets
      • Other publications
      • Target Market Determination
  • News Hub Expand
    • Category Expand
      • News
      • Superannuation
      • Retirement
      • Finances
      • Investments
      • Community
      • Wellbeing
      • Employer
  • Contact us Expand
    • Email QSuper
    • Language assistance
    • Browser support
    • Formal enquiries and complaints
    • FAQs – Frequently Asked Questions
    • QSuper Member Centres

News Hub

All Articles News Superannuation Retirement Finances Investments Community Wellbeing
News Hub News

First Home Loan Deposit Scheme extended

News Finance
06 October 2020 5 min read

As many as 10,000 more first home buyers will be able to purchase a home sooner under an extension of the First Home Loan Deposit Scheme, announced in the Federal Budget on 6 October.1

first home

The initiative announced in the Budget forms part of the Government’s economic recovery plan in the wake of the impacts of COVID-19.

The Australian Government said the First Home Loan Deposit Scheme had helped almost 20,000 first home buyers purchase a home with a deposit as low as 5% in 2020.

The Government estimates that the scheme changes will enable another 10,000 first home buyers to purchase a home sooner, with an additional 10,000 places provided from 6 October 2020 to support the purchase of a new home or a newly built home.

The extension of the scheme will be available until 30 June 2021.

Entering the housing market

Treasurer Josh Frydenberg said the Government initiative recognised that “saving a deposit for a home had become a more significant barrier to entering the housing market than the ability to service a home loan.”

As well as the First Home Loan Deposit Scheme Eligible, first home buyers may also be able eligible for the First Home Super Saver Scheme and HomeBuilder, as well as state and territory grants and concessions.

Please note that this announcement is yet to be legislated and may be subject to change. You can access all Budget papers here, and access QSuper’s summary of Budget announcements here.

Can I use my super for a house deposit?
Learn more

1. Source: Government media release. Accessed 6/10/2020.

Related Content
young couple standing in front of a house Can I use my super for a house deposit?
30 Jun 5 MIN READ

Did you know you could potentially use your super to buy your first home?

Read more
Finance Superannuation
IF YOU ENJOYED THIS ARTICLE, YOU MIGHT ALSO LIKE...
young couple standing in front of a house Can I use my super for a house deposit?
30 Jun 5 MIN READ

Did you know you could potentially use your super to buy your first home?

Read more
Finance Superannuation
property inspection Property Inspections: A must-have tool for home buyers
21 Sep 5 MIN READ

Buying a home can turn from an emotional thrill into a painful financial lesson if potential problems are not picked up early.

Read more
Finance Investments
Home loan Which type of home loan is right for you?
24 Sep 5 MIN READ

Decisions on home loan type and features can pile up for anyone thinking of signing up for a home loan: Fixed versus variable? Interest only or principal and interest? Packed with features or plain and simple?

Read more
young woman at home doing finances on laptop How to rebuild a $10,000 early super withdrawal
01 Jun 5 MIN READ

Recover your early super withdrawal.

Read more
Finance News Superannuation
All Articles News Superannuation Retirement Finances Investments Community Wellbeing
  • Our products
    • Why QSuper?
    • Investment options
    • Fees
    • Insurance
    • Financial advice
  • Super & retirement
    • How much do you need?
    • Grow your super
    • Consolidate
    • Changing jobs
    • Seminars
    • Access your super
  • Investments
    • Performance
    • Unit prices
    • Graphs
    • Compare options
  • Calculators & Forms
    • Calculators
    • Forms
    • Publications
    • PDSs
    • TMDs
    • Member Outcomes Assessment
  • Contact us
    • 1300 360 750
      Mon-Fri 8.00am to 6.00pm AEST
  • About us 
  • Careers 
  • Sitemap 
  • Privacy 
  • Security 
  • Disclaimer 
  • Terms and conditions 
  • Disclosure 
We're part of Australian Retirement Trust
2020 awards
Facebook Twitter LinkedIn YouTube