First Home Buyers Initiative
We have a special interest in the provision of affordable housing right across the spectrum. This often follows the journey of Australians renting affordably, while saving for a deposit to purchase their, ‘Australian dream.’
There are a number of Government initiatives available to assist this journey and our services are available to those on that path. From the provision of affordable housing available to rent or purchase (on a standalone basis or in conjunction with one of our programs), right through to advice on accessing particular initiatives and mentorship along your journey -whatever the need, we encourage you to contact our office for an informative discussion on how we can assist you on this journey.
The Government’s First Home Loan Deposit Scheme is due to commence on 1 January, 2020. This is an exciting initiative for first home buyers. This will mean first home buyers with as little as a 5% deposit, will be able to access a home loan without the burden of needing to pay Lender’s Mortgage Insurance (LMI). On average it is expected that this will save the typical first home buyer around $10,000.
To learn more about the Government’s First Home Loan Deposit Scheme visit the National Housing Finance and Investment Corporation (NHFIC) website www.nhfic.gov.au/fhlds or contact our office.