30/03/2022
✔ Government assistance to buy a home!
Home Guarantee Scheme to 50,000 places per year.
The government has extended its Home Guarantee Scheme, expanding the number of places under its First Home Guarantee and its Family Home Guarantee programs, and launching a new scheme solely for regional Australia
The Government will increase the number of guarantees under the Home Guarantee Scheme to 50,000 places a year.
🏠 First Home Buyers: 35,000 guarantees available per year for the First Home Guarantee (previously the First Home Loan Deposit Scheme). If you’re eligible you’ll get a limited guarantee from the Australian Government to buy or build your first home with a low deposit of 5%, without paying Lenders Mortgage Insurance (LMI).
👩👧👦 Single Parents: 5,000 places, allows single parents with dependent children to buy a home with a low deposit of 2%, without paying Lenders Mortgage Insurance (LMI).
👍 Getting back into the market: 10,000 places for a new Regional Home Guarantee that will support eligible citizens and permanent residents who have not owned a home for 5 years to purchase a new home in a regional location with a low deposit of 5%, without paying Lenders Mortgage Insurance (LMI).
Some spots are currently available with new spots available on July 1. Eligibility requirements apply.
If you would like to know more and discuss your options please reach out.