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You may have heard about the First Home Loan Deposit Scheme (New Homes) but want to understand if the scheme is right for you? In this article, we will look at how the First Home Loan Deposit Scheme (New Homes) works and who is eligible for a place in the Scheme.
On July 1, 2018, a new law was introduced, which requires homebuyers to withhold and pay GST directly to the ATO at settlement. This might seem like another burden to add to the mountain of costs associated with homeownership. However, don’t let it deter you from going after your dream home.
Buying your first property is an exciting milestone, but as with any “first time” experience it can also be daunting. As one of the biggest financial commitments you’ll make in life, there will be important decisions you need to make along the way.
There are many things you need to consider during the financial process of buying a home. To give you a better understanding and save you time, we have simplified the home buying process into the following seven steps.