Great News for First Home Buyers


We are pleased to see the government trying got help first home buyers. The main impact is that a first home buyers deposit is reduced because they’re required to fund a minimum amount of the value of the property plus costs including stamp duty.

The article highlights that about $24,740 of stamp duty costs currently apply for a first home buyer buying an established home. Which almost doubles the amount of savings that is required for a first home buyer on a $500,000 property.

Our home affordability is focused on ways to increase the deposit that a first home buyer can use in its property purchases. This initiative makes our products more attractive.

http://www.smh.com.au/nsw/premier-gladys-berejiklian-announces-housing-affordability-reforms-20170601-gwi0jn.html


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