The Shared Equity Home Buyer Helper launches today.

This new initiative from the NSW Government supports eligible key worker first home buyers, including nurses, midwives, paramedics, police officers, teachers, and early childhood educators. Lower-income single parents and singles older than 50 can also apply, even if they have previously owned property.

Up to 3,000 places will be available each year for two financial years. The Government will make a maximum equity contribution of 40 per cent for a new home and 30 per cent for an established home. The maximum value of the property that can be purchased is $950,000 in Sydney and regional centres including the Central Coast, Illawarra, Lake Macquarie, Newcastle and the North Coast of NSW, and $600,000 in other parts of NSW.

Bendigo Bank is the launch lending partner for Shared Equity Home Buyer Helper. Other lenders will have the opportunity to join the initiative this year, which will provide eligible home buyers with an additional choice of lenders.

For more information and to find if you are eligible visit Shared Equity Home Buyer Helper.