Why the time to buy is now!
First Home Buyer? We’ve never seen a better time to get into the market. Interest rates are historically low, and there has never been so much government assistance available. In Victoria, you can get up to $35k (or $45k if you live in Geelong) or in Queensland up to $30k towards your home, when you combine the First Home Owners Grant with HomeBuilder. That’s a lot of FREE money!
As an extra sweetener, they are also extending their First Home Loan Deposit Scheme meaning you can secure your home with a 5% deposit without paying a cent in Lenders Mortgage Insurance. That could be an extra $20k savings if you’re looking at a $550k loan.
Keep reading below to find out more about the current grants and incentives helping you into your first home. And just a note that this advice is general and does not take into account your objectives, financial situation or needs. You should consider whether the advice is suitable for you and your personal circumstances.