We all know it’s not easy for First Home Owners (FHO) to get into the property market these days. For a property priced at $400,000 you’ll need around $40,000 to cover the deposit, stamp duty, legal and bank fees and Lenders Mortgage Insurance. There are, however, some ways you can reduce the amount . . .
In May this year the Federal Government put through a First Home Loan Deposit Scheme to make it easier for first home buyers to get into the market. It will be implemented from the 1st January 2020. So should you wait until January 2020 to buy your first home and take advantage . . .