First Home Buyers – First Home Guarantee Scheme | The Real Estate Podcast
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With the median house price in Sydney now at a staggering $1.7 million and the median unit price $868,000 one of the biggest challenges for First Home Buyers is saving for a deposit.
The Federal Government recently brought forward the rollout of the expansion of the First Home Guarantee Scheme to October 1st, with the main changes being lowering barriers to entry through increasing price caps – in Sydney, the cap will reach $1.5 million, in Melbourne $950,000 and in Brisbane $1 million, the removal of income thresholds and unlimited places.
Treasury expects around 20,000 extra buyers to benefit in the first year alone, saving not only on up-front costs but also on years and years of rent.
Was a great conversation in this weeks episode of the Real Estate Podcast with Anthony Landahl, Equilibria Finance providing clarity and insight on:
Anthony Landahl | Managing Director Equilibria Finance
This is for general information purposes only and does not constitute advice. With all of these options there are a number of considerations outside the scope of what is covered in this article that you need to understand to ensure your personal circumstances are taken into consideration.
Equilibria Finance is a mortgage broking practice specialising in delivering residential and commercial mortgage and business and asset finance solutions to the clients of financial advice and accounting practices.
