The federal government has made an announcement that could help you achieve your home ownership goals sooner than you thought.
Here’s some useful information about the latest updates.
First Home Loan Deposit Scheme expansion and increased price caps
10,000 additional places will be available under the FHLDS from 1 July 2021. The federal government have also increased the maximum purchase price by an additional $150,000 in some states and territories. Click here to see the updated property price caps.
New Home Guarantee construction extension
The New Home Guarantee has been expanded with an additional 10,000 places available and will now have a construction commencement timeframe of 12 months.
Eligible first home buyers can use the New Home Guarantee in conjunction with other government programs like the First Home Super Saver Scheme, HomeBuilder grant or state and territory First Home Owner Grants and stamp duty concessions. Find out more here.
As your broker, I can help you find a loan to suit your financial situation and talk you through government initiatives that you might be eligible for.
Get in touch to find out more.