NAB welcomes Regional First Home Buyer Guarantee launch

National Australia Bank

NAB is looking forward to helping even more Australians to buy their very own home with the launch of the Regional First Home Buyer Guarantee from 1 October.

The Scheme, designed to support first home buyers to purchase a home in regional Australia sooner with a deposit of as little as 5 per cent, is part of the government’s Home Guarantee Scheme.

NAB Executive Home Ownership, Andy Kerr, said NAB had seen first-hand how the Government Schemes have helped thousands of Australians purchase a home earlier than they thought possible.

“We expect strong demand for places in the Regional First Home Buyer Guarantee,” Mr Kerr said.

“Regional Australian locations definitely became popular at the start of the pandemic with people moving for a ‘green change’ and this scheme will be pivotal in making the move a permanent one for many.

“Our latest data shows us that clearly regional areas remain appealing for first home buyers. Locations like Sunbury in Victoria, Dapto in New South Wales or Bunbury in Western Australia continue to be hotspots for first home buyers.

“We know that affordability has been a concern for many first home buyers. This scheme will be critical to providing more opportunities for buyers to enter the market in regional townships.”

NAB has helped more than 15,000 first home buyers through the Home Guarantee Scheme, including 4,000 first home buyers in regional locations.

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