First Home Guarantee
Are you a first home buyer? The First Home Guarantee (FHBG) is a Government initiative to help Australians purchase their first home sooner.
One of the challenges to first home buyers achieving their dream of home ownership can be the time it takes to save a deposit. The FHBG provides “a guarantee that will allow eligible first home buyers to purchase a home with a deposit of as little as 5% without needing to pay for lenders mortgage insurance.”1
Find out more about the FHBG, including eligibility requirements, by visiting the Australian Government's National Housing Finance and Investment Corporation website here.
1 First Home Guarantee. National Housing Finance and Investment Corporation.
First Home Owners Grant
In addition, eligible first home buyers entering into contracts on or after 1 July 2017, will benefit from paying no stamp duty on properties valued up to $600,000. Properties purchased between $600,001 and $750,000 will receive a tapered discount.
There has never been a better time to build, and no better address than Cornerstone.