Borrowers flock to first week of First Home Loan Deposit Scheme

With first-home hopefuls set to face rising prices already in the housing market this year, the First Home Loan Deposit Scheme will offer help to a select number of buyers who may not have the backing of wealthy parents.  The scheme will allow 10,000 first-home buyers to purchase their first home each financial year with as little as a 5 per cent deposit, without incurring lenders mortgage insurance.