First Home Buyers Build $82,000 in Equity with Minimal Deposit

New data shows that first home buyers who bought into the market using the federal government’s 5% deposit scheme have racked up $82,000 in home equity on average.

It has been three years since the First Home Loan Deposit Scheme was launched, and while it is known today as the Home Guarantee Scheme (HGS), it is still helping first home buyers get into the market with just a 5% deposit and no lenders’ mortgage insurance (LMI).

The HGS attracted criticism from some circles – some pundits pointed to the low deposit as a stumbling block that could land homeowners in trouble if property values fell, or interest rates rose. It turns out that both have happened, yet first home buyers have not let it hold them back.

From $35,00 deposit to $82,000 home equity

New data from the National Housing Finance and Investment Corporation (NHFIC), which runs the HGS, shows that first buyers who tapped into the 5% deposit scheme are now sitting on impressive piles of equity. On average, these first time homeowners have racked up $82,000 in home equity.

It is a great result, especially when you consider that the average first home deposit across the scheme was just $35,200 in 2020 rising to $36,400 in mid-2023.

Compare that to the average deposit of $159,000 across the broader first home buyer market, and it is easy to see how the 5% deposit scheme gives first home buyers a valuable leg-up into the market sooner.

What is the Home Guarantee Scheme?

Getting a deposit together can be a massive hurdle when buying a home. Research by Finder shows that it can take 12 years for a young Australian to save a deposit for an average-priced apartment, or 16 years to accumulate the deposit for a house.

But if your deposit is lower than 20%, you can get stung with LMI, which can cost anywhere between $4,000 and $35,000, depending on the property price and the deposit amount. However, through the NHFIC, the federal government has three low deposit, no LMI schemes – all under the HGS umbrella.

The First Home Guarantee and Regional First Home Buyer Guarantee support eligible buyers to purchase a home with a low 5% deposit and no LMI.

The Family Home Guarantee assists eligible single parents and guardians to buy a home with a deposit of just 2% and no LMI.

Want to crack the market sooner?

Along with HGS, there can be other options such as family pledge loans or the use of a guarantor, that could slash the time it takes to buy a home of your own.

If you want to crack the property market sooner rather than later, call us today to find out if you are eligible to buy a first home with just a 5% deposit.

What is the First Home Loan Deposit Scheme?

The First Home Loan Deposit Scheme (now known as the Home Guarantee Scheme) is a federal government initiative that helps first home buyers enter the market with a minimal deposit of 5% and no lenders’ mortgage insurance (LMI).

How Much Equity Have First Home Buyers Gained Through This Scheme?

First home buyers who utilized the scheme have, on average, built up $82,000 in home equity.

What Was the Average Deposit Amount for First Home Buyers in the Scheme?

The average first home deposit through the scheme was about $35,200 in 2020, rising to $36,400 by mid-2023.

How Does This Compare to the Average Deposit in the Broader Market?

Compared to the average deposit of $159,000 across the broader first home buyer market, the scheme offers a significant advantage by requiring a much lower deposit.

What Are the Other Low Deposit, No LMI Schemes Under the Home Guarantee Scheme?

Other schemes under the Home Guarantee Scheme umbrella include the Family Home Guarantee, which assists eligible single parents and guardians to buy a home with just a 2% deposit and no LMI.

What Should Potential First Home Buyers Consider?

Prospective buyers should consider their eligibility for the scheme, the long-term implications of a low deposit, and the potential for building equity in the current property market.

Phone: 1300 855 022

Email: clientservices@zippyfinancial.com.au

Zippy Financial is an award-winning mortgage brokerage specialising in home loans, property investment, commercial lending, and vehicle & asset finance. Whether you are looking to buy your first home, refinance or build your property investment portfolio, the team at Zippy Financial can help find and secure the right loan for you and your business.

About the Author:

Louisa Sanghera is an award-winning mortgage broker and Director at Zippy Financial. Louisa founded Zippy Financial with the goal of helping clients grow their wealth through smart property and business financing. Louisa utilises her expert financial knowledge, vision for exceptional customer service and passion for property to help her clients achieve their lifestyle and financial goals. Louisa is an experienced speaker, financial commentator, mortgage broker industry representative and small business advocate.

Connect with Louisa on Linkedin.

Louisa Sanghera is a Credit Representative (437236) of Mortgage Specialists Pty Ltd (Australian Credit Licence No. 387025).

Disclaimer: This article contains information that is general in nature. It does not take into account the objectives, financial situation or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This article is not to be used in place of professional advice, whether business, health or financial.

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First Time Buyers: Your Time is Now

For first time buyers, navigating the property market can be a daunting yet exciting journey. With the current market dynamics, it’s an opportune moment to consider stepping into homeownership. This guide aims to provide insights and advice for first time home buyers looking to make their mark in the property world.

Current Market Analysis for First-Time Buyers

The real estate market is always evolving, and understanding these changes is crucial for first time buyers. Recent trends indicate a shift in property prices and interest rates, creating unique opportunities. While challenges such as market volatility exist, the potential for finding value in this landscape is significant.

Financial Considerations for First-Time Buyers

One of the most critical aspects for first time buyers is financial planning. It’s essential to assess your budget, explore various mortgage options, and understand the long-term implications of a home loan. Economic changes, such as fluctuating interest rates, can impact your buying power, making it vital to stay informed and prepared.

Benefits and Challenges of Buying Now

The current market offers several benefits for first time buyers. Lower interest rates in some regions can make mortgages more affordable. However, challenges like rising property prices in certain areas should not be overlooked. Weighing these factors is key to making a well-informed decision.

Government Schemes and Incentives

Governments often provide schemes and incentives to support first time home buyers. These can include grants, tax concessions, and other financial aids that make entering the property market more accessible. Staying updated on these offerings can significantly aid in your home buying journey.

Exploring First-Time Homebuyer Schemes and Incentives

Grants for Down Payment Assistance: Delve into government grants designed to assist with down payments. Many jurisdictions offer financial support to first-time homebuyers, helping them accumulate the necessary funds for a down payment. Understanding the eligibility criteria and application process for these grants is essential for maximizing financial benefits.
Tax Concessions and Rebates: Explore the various tax concessions and rebates available to first-time homebuyers. Governments may provide tax incentives, such as reduced stamp duty or exemptions for qualifying purchases. Familiarizing oneself with these incentives ensures that homebuyers can optimize their financial position during the property acquisition process.
Low-Interest Loan Programs: Discuss government-sponsored low-interest loan programs aimed at supporting first-time homebuyers. These initiatives often provide access to loans with favorable interest rates, easing the financial burden associated with mortgage repayments. Awareness of such programs enables homebuyers to explore cost-effective financing options.

Regional and National Programs for Homebuyers

Understanding Regional Variations: Highlight the importance of understanding regional variations in government schemes. Different regions may have specific programs tailored to their unique housing market challenges and economic conditions. Prospective homebuyers should research and compare regional offerings to capitalize on the most advantageous schemes available.
National Initiatives for Homeownership: Explore national initiatives aimed at promoting homeownership. Some countries implement comprehensive homeownership programs that encompass grants, subsidies, and favorable financing terms. Being aware of these overarching initiatives allows homebuyers to tap into a range of benefits provided at the national level.
Community-Specific Incentives: Discuss community-specific incentives that complement government schemes. Certain communities or municipalities may offer additional incentives to encourage property ownership. These can include community grants, development incentives, or partnership programs that enhance the overall attractiveness of homeownership in specific areas.

Long-Term Investment Perspective

Buying a home is not just a lifestyle choice but also a long-term investment. For first time buyers, it’s important to consider the future implications of homeownership, such as property value appreciation and building equity, compared to renting.

Seeking Professional Advice

The complexity of the property market makes seeking professional advice invaluable. Real estate experts and mortgage brokers can offer tailored guidance, helping you navigate through the maze of property buying and financing.

Preparing for Homeownership

Preparation is key for first time buyers. This includes improving your credit score, understanding the home buying process, and being ready for the responsibilities of homeownership. A solid preparation will pave the way for a smoother home buying experience.

For first time buyers, the current market presents both challenges and opportunities. With the right approach and guidance, this could be your time to step into the world of homeownership.

Is now a good time for first time buyers to enter the property market?

Yes, current market conditions, including changes in property prices and interest rates, present unique opportunities for first time buyers to enter the property market.

What financial considerations should first time buyers keep in mind?

First time buyers should consider their budget, explore different mortgage options, and understand the long-term financial implications of buying a home, especially in light of fluctuating interest rates.

What are the benefits of buying a home in the current market for first time buyers?

Benefits include potentially lower interest rates in some areas, making mortgages more affordable, and the opportunity to invest in a property that may appreciate in value over time.

What challenges might first time buyers face in the current market?

Challenges can include rising property prices in certain areas and market volatility, which may impact affordability and the availability of desirable properties.

How important is seeking professional advice for first time buyers?

Seeking professional advice is crucial as it helps navigate the complexities of the property market and mortgage process, ensuring informed decision-making.

What should first time buyers consider when choosing a property?

First time buyers should consider factors such as location, property size, potential for appreciation, and their long-term living needs when choosing a property.

We’d love to help you take that first step towards buying your very own home. Give us a call to discuss how we can make the home loan process simple and stress-free, so all you have to worry about is the house-hunting.

Phone: 1300 855 022

Email: clientservices@zippyfinancial.com.au

About the Author:

Connect with Louisa on Linkedin.

Louisa Sanghera is a Credit Representative (437236) of Mortgage Specialists Pty Ltd (Australian Credit Licence No. 387025).

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16 Ways the Government Should Tackle Housing Affordability

Housing Affordability

You might have noticed that property prices have skyrocketed over the past couple of years, to the point where a lot of first home buyers are now having real difficulties cracking the market.

But how is the government looking at addressing it?

A House of Representatives committee (made up of both Liberal and Labor MPs) tabled a report title ‘The Australian Dream’ in federal parliament outlining 16 ways to improve housing affordability and supply across the country.

We Have Summed Up All 16 Recommendations for You…

#1 – Replace stamp duty with land tax

States and territories should replace stamp duty with land tax. This should be implemented over time so that those who have already paid stamp duty, don’t face double taxation.

The report says this would increase housing turnover, remove any unnecessary obstacles to homeownership and stabilise government revenues.

In the meantime, a transition review is recommended, and states and territories should adjust stamp duty brackets to redress decades of stamp duty bracket creep.

#2 – First home buyers to use their super as security for home loans

The government should allow first home buyers to use their superannuation as security for home loans.

By using their superannuation balance as collateral for a home, without using the funds themselves as a deposit, thereby expanding the opportunity for home buyers. This would remove the largest barrier for home buyers – being the deposit.

The report warns this recommendation should only be implemented in conjunction with some of the other proposals on this list that increase housing supply. Otherwise, an increase in households’ ability to borrow would likely increase property prices.

#3 – Rent-to-own affordable housing

The government should implement schemes to encourage private sector partnerships to deliver rent-to-own or discount-to-market affordable housing. This will diversify the housing market as well as provide affordable housing options for low to medium income earners, please experiencing homelessness and those escaping domestic violence.

#4 – Increase urban density in appropriate locations

Specifically, areas well-serviced by under-used transport infrastructure.

#5 – Incentivise planning and property administration policies

Provide incentive payment to state and local governments to encourage better planning and property administration.

#6 – Pay states and localities to deliver more affordable housing

Grants could be in the form of cash or infrastructure

#7 – Adopt recommendations form the inquiry into homelessness

#8 – Increase the supply of critical housing such as crisis housing

#9 – Don’t mess with negative gearing

It is recommended that the government doesn’t change its current negative gearing policy.

#10 – Reform developer contributions

Work with state and territory governments to reform developer contributions, so value-adding and in-demand infrastructure is delivered.

#11 – Review the build-to-rent housing market

In particular, how it’s affected by current regulations and tax policies.

#12 – APRA to continue monitoring lending standards.

#13 – No changes to the RBA’s charter

Ensuring that house prices are not a specific objective of monetary policy.

#14 – Up-to-date forecast data

Implement ways to get more up-to-date forecast data on population, housing approval and completions.

#15 – Unlock new housing supply

Concessional loans to infrastructure projects and community housing providers that will unlock new housing, particularly affordable housing.

#16 – The most important thing… you don’t have to wait for the government to get the ball rolling on the above recommendations to help you crack the property market.

What is the Main Focus of the Article?

The article focuses on a report by a House of Representatives committee that outlines 16 ways to improve housing affordability and supply in Australia.

What is the Recommendation Regarding Stamp Duty?

The report recommends replacing stamp duty with land tax to increase housing turnover and stabilize government revenues.

How Can First Home Buyers Benefit According to the Report?

The report suggests that first home buyers should be allowed to use their superannuation as security for home loans, which would help them overcome the barrier of making a deposit.

What is the Rent-to-Own Affordable Housing Scheme?

The scheme encourages private sector partnerships to deliver rent-to-own or discount-to-market affordable housing, providing options for low to medium income earners.

What Does the Report Say About Negative Gearing?

The report recommends that the government should not change its current negative gearing policy.

How Can Zippy Financial Help with Housing Affordability?

Zippy Financial can help you find ways to overcome housing affordability issues and come up with a tailored financial plan.

If you would like to find out about ways to overcome housing affordability issues, get in touch – we would love to help you come up with a plan.

Phone: 1300 855 022

Email: clientservices@zippyfinancial.com.au

About the Author:

Connect with Louisa on Linkedin.

Louisa Sanghera is a Credit Representative (437236) of Mortgage Specialists Pty Ltd (Australian Credit Licence No. 387025).

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The 5% Deposit Scheme has emerged as a beacon of hope for young, single Australians aspiring to step onto the property ladder. In a market where the dream of homeownership often seems elusive, this scheme offers a tangible pathway. As we navigate through 2023, let’s delve into how the First Home Loan Deposit Scheme and Home Loan Deposit Scheme continue to shape the prospects of homebuyers under 30.

The Current Housing Market Landscape

Today’s housing market presents a mixed bag of challenges and opportunities. While property prices continue to fluctuate, the demand for affordable housing solutions remains high, especially among young adults. The evolving dynamics of the market underscore the need for schemes like the 5% Deposit Scheme, which cater specifically to the needs of first-time buyers.

Updates to the 5% Deposit Scheme

Since its inception, the 5% Deposit Scheme has undergone several refinements to better serve its target demographic. The scheme, a cornerstone of government efforts to aid first-time buyers, now offers more streamlined processes and broader eligibility criteria. These updates aim to make homeownership more accessible to single individuals under 30, who often face unique financial challenges.

Success Stories in the Current Market

The real impact of the 5% Deposit Scheme is best illustrated through success stories. Across Australia, numerous young and single individuals have successfully navigated the property market, thanks to the scheme’s low deposit threshold. These stories not only inspire but also provide practical insights into leveraging the scheme effectively.

Navigating Challenges: Tips and Strategies

Despite its benefits, the 5% Deposit Scheme comes with its set of challenges. Potential applicants often grapple with understanding the nuances of the scheme and aligning it with their financial goals. Key strategies include thorough market research, financial planning, and seeking professional advice to ensure a smooth application process.

Thorough Market Research

Scheme Eligibility Assessment: Begin by thoroughly researching the eligibility criteria of the 5% Deposit Scheme. Understand the specific requirements and qualifications needed to participate in the scheme. This includes income thresholds, property value limits, and other relevant factors that may impact your eligibility.
Property Market Analysis: Conduct a comprehensive analysis of the property market, focusing on areas covered by the scheme. Assess the property values, growth trends, and market conditions to make informed decisions about the location and type of property you intend to purchase under the scheme.
Lender Comparison: Research and compare lenders participating in the scheme. Different lenders may offer varying terms, interest rates, and conditions. By understanding the offerings of different lenders, you can choose the one that aligns best with your financial situation and preferences.

Application Process Streamlining

Document Preparation: Streamline the application process by preparing all necessary documentation in advance. This includes proof of income, employment verification, credit reports, and any additional documents required by the lender or scheme administrators. Organized documentation expedites the application review.
Timeline Management: Manage your timeline effectively. Understand the key milestones in the application process, including property searches, loan approval, and settlement. Setting realistic timelines and adhering to deadlines ensures that you progress through the scheme smoothly and seize potential opportunities in the property market.
Continuous Communication with Stakeholders: Maintain open communication with all relevant stakeholders, including lenders, mortgage brokers, legal professionals, and scheme administrators. Regular updates and clear communication help address any potential challenges promptly, fostering a collaborative and efficient application process.

Maximizing the Benefits of the Scheme

To truly benefit from the 5% Deposit Scheme, applicants need to adopt a strategic approach. This involves assessing personal finances, understanding the long-term implications of a reduced deposit, and exploring various loan options. Proactive financial management and informed decision-making are crucial in maximizing the scheme’s advantages.

Expert Insights on the Deposit Scheme

Financial experts and mortgage brokers play a pivotal role in guiding applicants through the Deposit Scheme. Their insights on market trends, loan options, and financial planning are invaluable for first-time buyers. Consulting with professionals can provide clarity and confidence, helping applicants navigate the complexities of the scheme.

The 5% Deposit Scheme remains a vital tool for young, single Australians under 30 looking to own their first home. As the property market continues to evolve, staying informed and proactive is key. For those ready to embark on their homeownership journey, the First Home Loan Deposit Scheme and Home Loan Deposit Scheme offer a promising start.

FAQ

A: The 5% Deposit Scheme is a government initiative that allows first-time homebuyers, particularly those who are single and under 30, to purchase a property with only a 5% deposit, without the need for lenders’ mortgage insurance.

A: The scheme is primarily targeted at single Australians under 30 who are first-time homebuyers. Eligibility criteria include income caps and property value thresholds, which vary based on location.

A: The scheme makes homeownership more accessible by reducing the required deposit amount, allowing young and single buyers to enter the property market sooner than they might otherwise be able to.

A: Yes, the scheme has specific income and property price caps. These limits are designed to ensure the scheme helps those who need it most and vary depending on your location and the property market.

A: While the scheme is particularly beneficial for those under 30, it’s not exclusively for this age group. Eligibility depends on meeting other criteria like being a first-time buyer and income thresholds.

A: The 5% Deposit Scheme is unique in its low deposit requirement. Other incentives might include stamp duty concessions or grants, which can be used in conjunction with this scheme for additional benefits.

Phone: 1300 855 022
Email: clientservices@zippyfinancial.com.au

About the Author:

Louisa Sanghera is an award-winning mortgage broker and Director at Zippy Financial. Louisa founded Zippy Financial with the goal of helping clients grow their wealth through smart property and business financing. Louisa utilizes her expert financial knowledge, vision for exceptional customer service and passion for property to help her clients achieve their lifestyle and financial goals. Louisa is an experienced speaker, financial commentator, mortgage broker industry representative and small business advocate.

Connect with Louisa on Linkedin.

Louisa Sanghera is a Credit Representative (437236) of Mortgage Specialists Pty Ltd (Australian Credit Licence No. 387025).

Good News for First Home Buyers: Saving for a Deposit Got Faster

First Home Loan Deposit Scheme Homebuyers | Zippy Financial

A Complete Guide to First Home Loan Deposit Scheme for First-Time Homebuyers

My Two Cents on the First Home Loan Deposit Scheme

For many Australians, rate hikes and inflation have made the dream of property ownership feel ever more distant, but a recent analysis shows that meeting mortgage repayments could be cheaper than renting for more than a third of Australian properties.

Often the biggest obstacle in the way of home ownership is saving up for a deposit, but once you have got that sorted, a recent CoreLogic analysis found servicing a mortgage was more affordable than average rent prices in 518 Australian suburbs.

In fact, in some areas there were savings of over $900 a month. Not to mention that with rental prices surging by about 10% across Australia over the past year and vacancy rates at a record low of 1.1%, home ownership has possibly never looked more appealing!

Some Tips to Help You Switch from Renter to Homeowner in Timely

Take Advantage of the Buyer’s Market

Buying now or in the near future could mean less competition for properties, price drops and sellers willing to negotiate. And recent rate hikes mean that, even during the spring selling season, we are seeing fewer buyers.

In fact data shows the median number of days that properties sit on the market is now 35, compared to 20 days last year. And in response, property prices are falling, September data showed a 1.4% drop.

So, by shopping around in the right areas and putting your negotiator hat on, you may get a price that could make buying cheaper than renting. And most importantly, property investment and making mortgage repayments can create equity for you … instead of your landlord.

Get in on Government Schemes

There’s no denying that saving a big enough deposit to buy can be a bit of a slog. But what if there was a way to sidestep the standard 20% deposit? And possibly avoid stamp duty too?

There are a number of government schemes you may be eligible for that can fast-track house buying by an average of 4 to 4.5 years.

The federal government offers low deposit, no LMI loans for eligible first home buyers, single parents and regional first home buyers. Also, all state governments (except for South Australia) have first home buyer stamp duty concessions for those eligible.

And you can stack these schemes together for more bang for your buck. But you need to move quickly on the no LMI schemes as they are allocated on a first come, first-serves basis every financial year.

Is buying property more affordable than renting in Australia?

The article suggests that for more than a third of Australian properties, meeting mortgage repayments could be more affordable than paying rent. This is especially significant given the recent surge in rental prices by about 10% across Australia.

What is the main obstacle to homeownership?

One of the primary challenges for potential homeowners is saving up for a deposit. However, once this is achieved, the cost of servicing a mortgage might be more affordable than average rent prices in many Australian suburbs.

How have recent changes in the property market made buying more appealing?

With rental prices surging and vacancy rates at a record low of 1.1%, homeownership has become more attractive. Additionally, some areas offer savings of over $900 a month when comparing mortgage repayments to rent.

Are there any government schemes to assist potential homeowners?

Yes, there are several government schemes available that can fast-track the process of buying a house by an average of 4 to 4.5 years. These schemes offer benefits like low deposit, no LMI loans for eligible first home buyers, single parents, and regional first home buyers. Additionally, most state governments offer first home buyer stamp duty concessions.

How can shopping around benefit potential homeowners?

By shopping around in the right areas and negotiating, you may get a price that could make buying cheaper than renting. And most importantly, buying property and making mortgage repayments can create equity for you, instead of your landlord.

What is the significance of the recent rate hikes in the property market?

The recent rate hikes have led to fewer buyers in the market, resulting in properties staying on the market for longer periods. This has caused property prices to drop, making it a potential buyer’s market.

Give us a call

Are you keen to make the leap from renter to homeowner? If so, you will be busy researching the market and learning the art of the deal, so why not get a helping hand with your finances?

We can help find the right loan for you and provide you with helpful guidance that could increase your chances of a successful mortgage application. And while we are at it, we can assist you in applying for any money-saving government incentives too.

Phone: 1300 855 022

Email: clientservices@zippyfinancial.com.au

About the Author:

Connect with Louisa on Linkedin.

Louisa Sanghera is a Credit Representative (437236) of Mortgage Specialists Pty Ltd (Australian Credit Licence No. 387025).

First Home Buyers Build $82,000 in Equity with Minimal Deposit

From $35,00 deposit to $82,000 home equity

What is the Home Guarantee Scheme?

Want to crack the market sooner?

Frequently Asked Questions

What is the First Home Loan Deposit Scheme?

The First Home Loan Deposit Scheme (now known as the Home Guarantee Scheme) is a federal government initiative that helps first home buyers enter the market with a minimal deposit of 5% and no lenders’ mortgage insurance (LMI).

How Much Equity Have First Home Buyers Gained Through This Scheme?

What Was the Average Deposit Amount for First Home Buyers in the Scheme?

RELATED ARTICLES

SERVICE LOCATIONS

First Time Buyers: Your Time is Now

Current Market Analysis for First-Time Buyers

Financial Considerations for First-Time Buyers

Benefits and Challenges of Buying Now

Government Schemes and Incentives

Exploring First-Time Homebuyer Schemes and Incentives

Regional and National Programs for Homebuyers

Long-Term Investment Perspective

Seeking Professional Advice

Preparing for Homeownership

Frequently Asked Questions

Is now a good time for first time buyers to enter the property market?

What financial considerations should first time buyers keep in mind?

What are the benefits of buying a home in the current market for first time buyers?

What challenges might first time buyers face in the current market?

How important is seeking professional advice for first time buyers?

What should first time buyers consider when choosing a property?

RELATED ARTICLES

SERVICE LOCATIONS

16 Ways the Government Should Tackle Housing Affordability

Housing Affordability

We Have Summed Up All 16 Recommendations for You…

Frequently Asked Questions

What is the Main Focus of the Article?

What is the Recommendation Regarding Stamp Duty?

How Can First Home Buyers Benefit According to the Report?

What is the Rent-to-Own Affordable Housing Scheme?

What Does the Report Say About Negative Gearing?

How Can Zippy Financial Help with Housing Affordability?

RELATED ARTICLES

Service Locations

The Current Housing Market Landscape

Updates to the 5% Deposit Scheme

Success Stories in the Current Market

Navigating Challenges: Tips and Strategies

Thorough Market Research

Application Process Streamlining

Maximizing the Benefits of the Scheme

Expert Insights on the Deposit Scheme

FAQ

About the Author:

RELATED ARTICLES

Buying Property Could Be Cheaper Than Renting

Some Tips to Help You Switch from Renter to Homeowner in Timely

Take Advantage of the Buyer’s Market

Get in on Government Schemes

Frequently Asked Questions

Is buying property more affordable than renting in Australia?

What is the main obstacle to homeownership?

How have recent changes in the property market made buying more appealing?

Are there any government schemes to assist potential homeowners?

How can shopping around benefit potential homeowners?

What is the significance of the recent rate hikes in the property market?

Give us a call

RELATED ARTICLES

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Frequently Asked Questions  