Attention first homebuyers!
The Australian Government has just launched their Help to Buy Scheme, which could be helping you get into your own home sooner than you first thought. Sound good? With the help of our partners at Resolve Finance, let’s chat & see how you could get started.
Here’s your need to know info:
- A minimum 2%* deposit is required
- Home loans must be through a participating lender
- Limited to 10,000 places each year
- The Australian Government contributes up to 30% (for existing homes) or 40% (for new homes)
towards the purchase price - Income limits of $100k for individual applicants or $160k for single parents and joint applicants apply
- Must be an owner-occupier of the property whilst a part of the Help to Buy Scheme
- Cannot own any property overseas
- Must be Australian citizens
- Must be at least 18 years old
- Cannot receive help from other schemes (not including stamp duty concessions or grants)
Property Caps
Capital City & Regional areas: $850k
Other areas (TBC): $600k
Chat to our team of New Home Consultants to see how you could get started!
*Eligibility at the discretion of state and/or federal government. Please refer to government website: www.firsthomebuyers.gov.au/australian-government-help-buy-scheme.
Lenders terms and conditions apply. Resolve Financial Solutions Pty Ltd trading as Resolve Finance ABN 65 079 545 378. Australian Credit Licence No.385487
Ready to start your new home journey?
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