Lenders participating in the first home buyer scheme: Full list

The scheme’s commencement coincided with the release of new research that found 94 per cent of Millennials still see home ownership as important. 

According to the government, the scheme has been deliberately designed to ensure strong representation of smaller lenders to promote competition between major and non-major lenders.

The scheme has also reportedly been designed with broad geographic reach in mind, despite CoreLogic’s Eliza Owen considering it to have “an accessibility problem”. 

Here’s a full list of involved lenders:

Major lenders
National Australia Bank
Commonwealth Bank of Australia

Non-major lenders
Australian Military Bank
Auswide Bank
Bank Australia
Bank First
Bank of us
Bendigo Bank
Beyond Bank Australia
Community First Credit Union
CUA
Defence Bank
Gateway Bank
G&C Mutual Bank
Indigenous Business Australia
Mortgageport
MyState Bank
People’s Choice Credit Union
Police Bank (including Border Bank and Bank of Heritage Isle)
P&N Bank
QBANK
Queensland Country Credit Union
Regional Australia Bank
Sydney Mtuutal Bank and Endeavour Mutual Bank (divisions of Australian Mutual Bank Ltd)
Teachers Mutual Bank Ltd (inclusive of Firefighters Mutual Bank, Health Professionals Bank, Teachers Mutual Bank and UniBank)
The Mutual Bank
WAW Credit Union

Smart Property Investment has previously looked at some of the pros and cons of the first home buyer scheme.