Save Your Dream Home Deposit 3 Years Earlier In Brisbane
First Home Buyers could save a deposit for their first home as much as 3 years earlier in Brisbane under the proposed Government scheme.
Prime Minister Scott Morrison announcement to offer First Home Buyers who qualify a guarantee on the deposit for their first home. This means that with just 5% of the purchase price, a new buyer can secure a loan from any lender.
The government intends to borrow $500 million so it can invest the money in the National Housing Finance and Investment Corporation, which would offer the guarantees to first home buyers.
The scheme is likely to be capped at 10,000 loans every year. Read More