First Home Buyers and Single Parents getting Support

The federal government has allocated another 50,000 places across Australia to its Home Guarantee Scheme (HGS) for the 2024-25 financial year.   That includes 35,000 places for the First Home Guarantee and 10,000 for the Regional First Home Buyer Guarantee. Under the first program, the government supports eligible first home buyers to purchase a property [...]

By |2024-07-26T13:28:35+10:00July 26th, 2024|Uncategorized|Comments Off on First Home Buyers and Single Parents getting Support

No you don’t need a 20% deposit!

While it’s often said you need a 20% deposit to qualify for a home loan, a significant number of borrowers are securing mortgages with smaller deposits, according to the latest data from APRA, the banking regulator.   In the March 2024 quarter, 31.0% of new home loans (by value) had deposits of less than 20%, [...]

By |2024-07-17T09:09:47+10:00July 17th, 2024|Financial|Comments Off on No you don’t need a 20% deposit!

Housing Assistance Scheme achieves big milestone!

Are you a first home buyer or single parent who wants help getting a property? If so, you’ll be interested to learn that the federal government’s Home Guarantee Scheme (HGS) has now supported more than 150,000 buyers since its inception in January 2020. Eligibility is limited. There are property price caps, which vary from state [...]

By |2024-06-12T09:33:07+10:00June 12th, 2024|Uncategorized|Comments Off on Housing Assistance Scheme achieves big milestone!

New Homes up 5.3%

Australians purchased 5.3% more new homes in February than the month before, according to the Housing Industry Association (HIA).   However, HIA chief economist Tim Reardon said this increase was off a “very low” base. Based on the number of new homes being approved for construction and purchased, he forecast there would be a decade-low [...]

By |2024-04-16T09:13:31+10:00April 16th, 2024|Uncategorized|Comments Off on New Homes up 5.3%
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