05/12/2025
The Government's highly anticipated Help to Buy shared equity scheme officially commences today.
This support allows for a minimum 2% deposit to purchase a home, with the Government contributing up to 40% of the price for new homes or 30% for existing homes, helping you bypass lenders mortgage insurance (LMI) and reduce your overall loan size. The program, which aims to support up to 40,000 households over four years, is strictly capped by income, requiring individuals to earn $100,000 or less, and joint applicants or single parents $160,000 or less.
The downside? Because the Government holds an equity share, they will take a proportionate share of any capital gains when you sell the property.
Send me a DM to discuss whether this scheme is right for you. .