
If you have 12 months good payment history, can do simple refinance.
No additional servicing assessment required.

The scheme allows first home buyers to enter the market with just a 5% deposit, with the government guaranteeing part of the loan so buyers can avoid paying lenders mortgage insurance (LMI).
From October, all first-home buyers will be eligible, with no income caps or limits on places .

NSW- capital city and regional centre: new limit: $1,500,000
NSW other: $800,000
VC-capital city: 950,000
VC-other: no change($650,000)
QLD-capital city :$1,000,000
QLD-other:$700,000
WA-capital city:$850,000
SA-capital city:$900,000
SA-other: $500,000
TAS-capitalcity:$700,000
ACT capitalcity: $1,000,000
NT:$600,000
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