Tuesday, 25th Feb 2020
From 2020, the Australian Federal Government is introducing a new scheme to allow first home buyers to purchase a property with as little as 5% deposit.
The Government’s First Home Loan Deposit Scheme is offering loan guarantees for up to 10,000 first home buyers earning less than $125,000 per year for singles, and $200,000 for couples.
Under the scheme the Government will offer loan guarantees for Brisbane properties up to the value of $475,000.
Pradella have a range of luxury apartments suitable for first home buyers starting from just $409,000 at Breeze Apartments in West End, and $439,000 at Halo Residences in South Brisbane.
Eligible first home buyers in Brisbane will still be able to apply for the $15,000 First Home Owner’s Grant as well as the Brisbane City Council’s First Home Owner Remission Scheme which provides a 50% rates remission for the first 12-months*.
Position Property can help you to navigate your way through purchasing your first home. Call 1300 202 888 today.