Posts Tagged ‘first home buyers grant’

ADVICE TO FIRST HOME BUYERS

As of January 1st, 2020 singles earning less than $125,000 and couples earning less than $200,000 will only require a 5% minimum deposit. This will vary from region to region and is administered by the National Housing Finance and Investment Corporation (NHFIC). If you are a lower-income earner looking to enter the property market, now could be your chance, so you will want to get in quick. However, there are a couple of terms and conditions that you need to be aware of, so keep reading for the full lowdown. What is this new First Home Loan Deposit Scheme? This scheme has been implemented in order to allow easier and faster access to the property market for lower-income earners. This scheme will allow the first home buyers to pay a… Read More »

FIRST HOME BUYERS – GET YOUR $20,000 BEFORE IT’S TOO LATE

WHAT YOU NEED TO KNOW FROM THE BUDGET 2017     With house prices continually increasing it’s harder than ever for first home buyers to get into the market. A lot of pressure has been put on both state and federal governments to fix this affordability crisis and in the lead up to the announcement of the Federal Budget there has been much debate in what the Government will do. So what’s in it for first home buyers? iThink Property Sales Agent Mark Costello, who has been helping first home buyers secure properties has got the low down on how first home buyers will be impacted by the 2017 Budget. The biggest hurdle for first home buyers is saving for a deposit. With this in mind the 2017 Budget has introduced… Read More »