Are you looking to buy your home under the Government Scheme?
Many conditions have changed, more inclusive and the maximum price of housing has increased to possibly allow you to pay $0 in stamp duty, depending on the area you can afford to buy. What does this mean? More people are entitled to buy a home with as little as 5% Deposit for Couples or Single Applicants (no children), and Single Parents can access the Scheme with 2% Deposit. Stamp duty costs may apply so check in with us – we can provide the approximately costs, so you are fully aware and have a goal to work towards.
Single Parents may have owned before, and they are still entitled to buying their next home with 2% Deposit. Stamp duty will apply, as stamp duty applies when the buyer has owned a property before. Owner occupied properties only though.
Couples who are using the Scheme will have income caps in place and a maximum property price they can buy – this can vary from state to state for the maximum property price.
Struggling to save the deposit when wages don’t stretch as far as they use to? Please reach out to discuss as we may have other options available to you, so please call 0403 211 361 or email hello@georgefinancialservices.com.au
