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Newcastle Herald

National

Jack Needham

26 more Newcastle suburbs set to qualify for the updated low-deposit scheme

Newcastle CoreLogic

Newcastle buyers could have more choice when a low-deposit scheme's house price caps lift in July. Picture: Max Mason-Hubers

First home buyers in Newcastle with a low deposit are set to have more choice come July 1, following the federal government's announcement it would increase the price caps under its First Home Guarantee scheme.

The new caps mean that 26 more suburbs in the region will be in reach of those seeking to buy a house, according to analysis from CoreLogic, with more than half of suburbs in the region set to fall under the new $900,000 price cap.

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