First Home Buyers Australia

Buying your first home is a massive milestone, but it can also be a tough hill to climb. Rising property prices, strict lending rules, and hefty deposit requirements are enough to make anyone second-guess their dream of homeownership. But, for first-time buyers in Australia, the First Home Buyer Guarantee Scheme offers a way to cut through the noise and make that dream a reality. What is the First Home Buyer Guarantee Scheme? The First Home Buyer Guarantee Scheme is an initiative by the Australian Government designed to help first-time buyers get into the property market with a low deposit. In fact, under this scheme, you could secure a home loan with as little as 5% deposit and without the need to pay for Lenders Mortgage Insurance (LMI). For many, saving a 20% deposit feels impossible, especially in competitive markets like Sydney or Melbourne. This scheme steps in to fill that gap. The government acts as a guarantor on your loan, backing up the difference between your deposit and ...

Purchasing your first home is an exciting milestone, and for many Australians, the First Home Owners Grant (FHOG) provides essential financial assistance. In Victoria, the First Home Owners Grant aims to make it easier for first-time buyers to enter the property market. Whether you're a first home buyer in Melbourne or elsewhere in the state, understanding the details of the grant is essential for making the most of this opportunity. In this guide, we’ll cover everything you need to know about the First Home Owners Grant in Victoria , the eligibility criteria, and how you can apply. What is the First Home Owners Grant (FHOG) in Victoria? The First Home Owners Grant in Victoria (FHOG) is a one-time financial incentive provided by the Victorian Government to assist first-time buyers with purchasing or building a new home. For those buying or building a new property valued up to $750,000, the grant offers $10,000. However, if you are purchasing in regional Victoria, this amount increa...