Assessment 2
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
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?
6%
8%
10%
2%
FHBG, a property must be a ‘residential property’ to be considered eligible.
True
False
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