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Assessment 2

Create an image depicting a happy family in front of a new home, with a 'Welcome' sign and a blue sky to symbolize the joy of homeownership.

Home Guarantee Scheme Quiz

Test your knowledge about the Home Guarantee Scheme with this engaging quiz! Discover the specifics of the First Home Guarantee (FHBG) and the Family Home Guarantee (FHG) while answering fun and informative questions.

Whether you are a first-time buyer or just curious about the home buying process, this quiz will help you:

Understand the eligibility requirements
Learn about the application processes
Clarify common misconceptions

10 Questions2 MinutesCreated by BuyingGuide247

There are only 2 schemes available under the Home Guarnatee Scheme, the Fist Home Guarantee (FHBG) and the Family Home Guarantee (FHG).

True

False

The FHBG scheme is available to applicants under 16 years old.

True

False

The FHG scheme is only available to Single Parents.

True

False

A person who is spearated but not divorced is not considered single.

True

False

Family Home Guarantee applicants can be either first home buyers or previous owners who do not currently own a home.

True

False

To apply for FHBG, applicants must be earning up to $125,000 for individuals or $200,000 for couples.

True

False

Non Australian citizens residing in Australia may apply for the scheme.

True

False

To apply for the FHBG scheme you will need 5% deposit

True

False

How much of a deposit will you need for the FHG scheme?

10%

FHBG, a property must be a ‘residential property’ to be considered eligible.

True

False

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