The Australian government is all set to make significant enhancements to the Home Guarantee Scheme, making it easier than ever for you to enter the property market and turn your dreams of owning a home into a reality. These changes, kicking in from July 2023,
Stamp duty concessions for first homebuyers in 2022 One of the added costs to buying a house and getting a home loan is in the form of fees charged by the government. Stamp duty is a tax charged by states in every transaction that requires
What is the Family Home Guarantee? The Family Home Guarantee is a state initiative to help eligible single parents with dependants afford a home. Single parents can buy a house with only as little as a 2% deposit. This will allow them to get a
What is FHLDS? To help first-time homeowners, the Australian government launched the First Home Loan Deposit Scheme (FHLDS), also known as the First Home Guarantee. A problem most aspiring homeowners have is the lack of the 20% deposit required to get a loan for a
What is a First Home Owner Grant? The First Home Owner Grant (FHOG) is an initiative by the Australian government to help first home buyers get their dream home. Although it’s a nationwide mandate, every state has its own policies for the grant. It’s a
The First Home Super Saver Scheme (FHSS) is a scheme that the Australian government introduced to help aspiring first homebuyers save much faster for a deposit. How does it work? By allowing you to save some of your income in your superannuation fund. The taxes