Posted in home guarantee scheme

Buying a home is a big dream for many young Australians, but right now, it can feel out of reach. Rising living costs, soaring property prices, and slow wage growth have made saving for a deposit harder than ever.Research from Deloitte Access Economics paints a clear picture:Average home prices jumped 67% in the decade to 2023 (from $548,000 to $915,000).Average incomes for 21–34-year-olds grew just 20% in the same period.This gap means major life milestones like moving out or starting a fa...

If you’ve been dreaming of owning your first home, there’s big news that could make it easier than ever to take that next step.Starting 1 October, the government is expanding the Home Guarantee Scheme, allowing eligible buyers to purchase a property with just a 5% deposit, and no lenders mortgage insurance (LMI). That’s a potential saving of tens of thousands of dollars.BOOK NOWWhat’s changing?No income limits – anyone buying their first home can apply.Higher property price caps –...