Great news for Australians dreaming of buying their own home. The Federal Government’s new HomeBuilder scheme provides eligible owner-occupiers with a grant of $25,000 to build a new home or substantially renovate an existing home. This will be a welcome relief to many Australians and the country’s economy as it tries to navigate its way out of the current health crisis.
Set to commence on 1 January 2020, the Australian Government’s new First Home Loan Deposit Scheme (FHLDS) initiative is fantastic news for up to 10,000 Australians on low and middle-incomes, as it’s been introduced specifically to help eligible first home buyers enter the property market and purchase their first home, a little earlier – and without incurring additional costs.
