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Archives for June 2020

The First Home Loan Deposit Scheme: spots open back up from 1 July 2020

The dream of buying your first home with a small deposit amount, without needing to pay Lenders Mortgage Insurance (LMI) will soon be an option again for some first home buyers, with the Government’s First Home Loan Deposit Scheme releasing another 10,000 spots from 1 July 2020. Many first home buyers have the capacity to meet loan repayments on a new proposed mortgage. However, it’s the deposit many find challenging because it’s no easy feat to save a large amount of cash, with increasing … [Read more...]

Are you eligible for the $25,000 HomeBuilder scheme?

Earlier this month, the Federal Government announced they'll give eligible Australians $25,000 to build (or substantially renovate) a home, as part of the HomeBuilder scheme. Here we examine who qualifies for the initiative and provide a little more detail about how it may work. The HomeBuilder scheme is a $680 million program and aims to support more than 1 million builders, painters, plumbers and electricians across the country. It’s also going to help many Australians build a new home … [Read more...]

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