Is there a limit to the number of applicants who can receive the NHFIC guarantee?
Not all applicants who meet the criteria will be successful in receiving the guarantee. There are a limited number of places available, with 10,000 released since July 2019 (all of which are now exhausted) and another 10,000 places were made available in July 2020.
These places are divided between:
- Major lenders Commonwealth Bank of Australia and National Australia Bank (available from 1 January 2020).
- Non-major lenders (available from 1 February 2020).