11 May 2023 Podcast: Deep Dive – Home Buyer Grants, Schemes, and Concessions Explained
In this episode, Evelyn and Maddie dive into the world of grants, schemes, and concessions which can significantly assist homebuyers in Australia. We guide you through the complexities help you make informed decisions on your path to homeownership.
We start by understanding the basics of what they are and how they differ. There have been updates to some of the schemes last week, so we’ll take you through what’s changed. We explore the eligibility criteria and discuss state-specific variations and recent updates to the grants, schemes and concessions across different states & territories.
One of the most significant grants is the First Homeowner Grant (FHOG), designed specifically for first-time homebuyers purchasing new homes. We explore the eligibility criteria and discuss state-specific variations and recent updates to the grant across different territories.
Stamp duty is a significant consideration for homebuyers, so we’ll delve into stamp duty concessions and exemptions. We break down what stamp duty is and how it affects your home purchase.
We also touch upon other grants and schemes aimed at specific demographics or circumstances, such as the First Home Guarantee Scheme, Family Home Guarantee, First Home Super Saver Scheme, and Help to Buy Schemes. These additional programs can provide further opportunities for aspiring homebuyers.
See the NHFIC website here: https://www.nhfic.gov.au/
More information on “Help To Buy” Shared Equity Scheme: https://www.homeloanexperts.com.au/shared-equity-scheme/
Find out your next step in property finance:
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https://www.everlend.com.au/
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You Have My Interest is brought to you by Everlend, a mortgage and finance broking firm built for the purpose of educating and empowering you to make informed financial decisions tailored to your wealth goals. Find out more and book in your free initial consultation at https://www.everlend.com.au/
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Find out more about You Have My Interest at everlend.com.au/podcast and connect with us at podcast@everlend.com.au
You Have My Interest provides information and educational content relating to mortgages, finance and property. You Have My Interest‘s content is general in nature and does not take into account the individual financial, legal or tax needs or objectives of its audience members.
It is not intended as a substitute for professional advice. Listeners should seek out a licensed professional to discuss their individual financial, legal and tax requirements.
If you need mortgage or finance advice tailored to your own personal situation, contact Everlend today for a free consultation. Everlend are authorised credit representatives of Loan Market Pty Ltd, Australian Credit Licence number 390222.
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