Calling all first home buyers!!!
The second round of the Federal Government’s first home buyer deposit scheme reopened yesterday for the first 10,000 applicants!
To qualify, first-home buyers will need to show that their taxable income is below $125,000 for individuals and $200,000 for couples. This can be demonstrated with a 2019-20 Notice of Assessment from the Australian Taxation Office. Those that qualify can apply for loans with only a 5% deposit and will not incur lenders’ mortgage insurance either.
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