Category: INVESTING

the grants, schemes and free money available to eligible home buyers

With rising house prices and the general malaise of Australian media putting all blame on young Australians failing to ‘save’ or ‘negotiate’ a raise, the blame has been put squarely on zennials for being unable to (magically) come up with the $1,000 per day that Sydney house prices rose by in 2021.

There is no amount of cut back on lattes that would compensate for that increase.

But, despite Bernard Salt’s criticisms of my generation, I’m here to help.

The point of this post is to point you towards resources (and in particular governments grants) which might make the pinch a little less painful.

Here’s a list of links to direct you to the places for information on government grants.

• New South Wales
  • First Home Buyers’ Grant
• Victoria
  • First Home Buyers’ Grant
• South Australia
  • First Home Buyers’ Grant
• Western Australia
  • First Home Buyers’ Schemes
• Tasmania
  • First Home Buyers’ Scheme
  • First Home Buyers’ Grant
  • HomeShare
• Northern Territory
  • First Home Buyers’ Grant
• ACT
  • First Home Buyers’ Schemes

• Federal Government
  • First Home Owners’ Portal (for resources)
  • First Home Loan Deposit Scheme (10K eligible participants annually)

Different Avenues for Entry into the Market

Mortgage Matchmaking with Proppie

Guarantorship

OwnHome (and other rent to buy schemes)