Help to buy opens new pathways
A major shared-equity scheme has finally launched, giving eligible buyers a new low-deposit pathway into the market.
Help to Buy went live on 5 December, three years after it was first proposed. Under the scheme, the federal government contributes up to 40% of a new property’s purchase price and up to 30% of an existing home. Buyers need only a 2% deposit and pay no lenders’ mortgage insurance.
Key eligibility points
- The government takes an ownership share in your property.
- You must be an owner-occupier.
- Income thresholds apply – $100k for singles, $160k for single parents and joint applicants.
Why buyers are considering it
Why buyers are considering it
Help to Buy can open doors for people who remain priced out even after using other schemes. By reducing upfront and ongoing costs, it can make buying sooner a realistic option.
But there are trade-offs
Shared equity affects your long-term position, and lenders assess these applications differently. It’s important to compare this path with other ways into the market.
Reach out if you’d like to see how Help to Buy compares with your other pathways into the market.
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