The Coalition has targeted first home buyers with policy initiatives over the past few years. It introduced the First Home Super Saver Scheme, which allows people to save for their first home deposit in their super fund - thus enjoying concessional tax treatment.It restricted foreign investor access to the local residential property market.An on Sunday, the Prime Minister launched the First Home Loan Deposit Scheme. To start on 1 January next year, the scheme will be available to buyers who have been able to save a deposit of at least 5 per cent and who earn up to A$125,000 ($200,000 for a couple).Morrison said the scheme would mean first home buyers won't need to save the full 20 per cent deposit for a home purchase. The value of homes that can be purchased under the scheme will be determined on a regional basis, reflecting the different property markets across Australia.The government will invest $25 million in the National Housing Finance and Investment Corporation to establish the scheme, which would take the form of a guarantee. The government expects to provide about $500 million of guarantees.The scheme would be capped at 10,000 loans a year - estimated to be about 10 per cent of the first home buyer market. The support would stay in place for the life of the loan.The government said the scheme would give preference to working with smaller banks and non-bank lenders.Labor has said it would match the commitment.