First home saver account facts

• Only first home buyers can apply.
• You must be between 18 and 65.
• Limit one account per customer.
• You must save $1000 a year to get the 17 per cent government contribution.
• You can't take the money out until you buy a home at least four years down the track.
• If you change your mind about buying, the money goes into your super fund.
• Earnings are taxed at 15 per cent.