According to a recently released report by the National Housing Finance and Investment Corporation, one-eighth of all first-home buyers in the first half of this year accessed the first home loan deposit scheme. This is 10,000 scheme allocations.

Demand was highest in New South Wales, Queensland, and Victoria, with 2263, 1845, and 1617 allocations respectively.

Demand was low in Western Australia and South Australia, and has been attributed to long-standing first home buyer support in those States.

Single buyers earning incomes of between $60,000 and $80,000 took half of the total allocations, while couples with a combined income of up to $125,000 were the biggest beneficiaries.

Demand was heavily concentrated in the outer suburban areas of the major cities, particularly in Sydney and Melbourne, as buyers flocked to outer suburbs for lower median prices.

70% of scheme users purchased detached homes, 25% purchased apartments, and 5% purchased townhomes,

According to NHFIC analysis, users of the first home loan deposit scheme have had their purchase timeframe brought forward by an average of four years.