Albanese Government delivers 5% deposits for all first home buyers sooner Prime Minister of Australia

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We pay our respect to First Nations peoples and their Elders, past and present. Get better visibility with the Ubank app, so you can money better and reach your goals. For more information on the 5 per cent deposits scheme, go to the Housing Australia website. Labor was re-elected with a clear mandate to bring down the deposit hurdle for first home buyers and this is just one part of the Albanese Labor Government’s ambitious $43 billion housing agenda. We are building more homes, backing first home buyers, and supporting renters.

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• The interest rate depends on your account balance.
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• Property price caps will also be set higher in line with average house prices, providing access to a greater variety of homes.
• CommBank acknowledges the Traditional Owners of the lands across Australia as the continuing custodians of Country and Culture.
• Interest rates, fees and charges are subject to change.

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