First home buyers, you could own your own piece of luxury/custom built on 5% deposit

As of July 1st 2020, the Federal Government has opened up 10,000 more spots for first home buyers looking to crack the Australian property market with a minimal deposit. Known as the First Home Buyer Deposit Scheme, the benefit allows first-time buyers to put down just 5 percent deposit for a property with the government acting as guarantor for an additional 15 percent, so that the usual Lenders Mortgage Insurance is not required – Big savings!
As of January 1 this year 10,000 applications – for couples and singles alike – were made available, with a second 10,000 made available July 1 2020, for the 20/21 financial year. It’s a promising initiative for those looking to buy or build, but industry research has found that as many as eight-in-ten first home buyers don’t understand what the scheme is or if they are eligible to take advantage of it.


First Home Loan Deposit Scheme Price Caps:

In order to access one of the 10,000 First Home Loan Deposit Scheme applications, the property you are purchasing/building must fall below a certain threshold.
These are:
State/territory: Capital City/Regional Centre: Rest of State:
NSW $700,000 $450,000
Vic $600,000 $375,000
Qld $475,000 $400,000
ACT $500,000 N/A

There are a few other grants to be taken advantage of. This includes the new HomeBuilder Scheme and the First Home Owners grant.

Contact your Local 新2皇冠入口官方app下载 Office today to talk about your eligibility!

Copyright © 2022 新2皇冠入口官方app下载. All Rights Reserved.

HIA Member - Housing Industry Association    Ravebuild

加拿大28精准预测开奖号码 pc28加拿大地址登录授权 pc28加拿大官方视频开奖 28加拿大号码直播开奖 澳门电竞直播最新网址